Bradesco Seguros S.A. Sustainability Profile
Bradesco Seguros S.A., a prominent player in the Brazilian insurance market, is headquartered in Osasco, São Paulo. Founded in 1935, the company has established itself as a leader in various sectors, including life, health, and property insurance. With a strong presence across Brazil, Bradesco Seguros offers a diverse range of products designed to meet the needs of individuals and businesses alike. The company is renowned for its innovative insurance solutions, which are tailored to provide comprehensive coverage and exceptional customer service. Notable achievements include a robust market position, consistently ranking among the top insurers in Brazil. Bradesco Seguros continues to evolve, leveraging technology to enhance its offerings and maintain its competitive edge in the dynamic insurance landscape.
DitchCarbon Score
How does Bradesco Seguros S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bradesco Seguros S.A.'s score of 52 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bradesco Seguros S.A.'s reported carbon emissions
In 2023, Bradesco Seguros S.A. reported total carbon emissions of approximately 39,368,450 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions amounted to about 35,820 kg CO2e, while Scope 2 emissions were approximately 500,900 kg CO2e. The majority of emissions were from Scope 3, which totalled around 39,368,450 kg CO2e, primarily driven by upstream transportation and distribution, accounting for about 31,634,120 kg CO2e. Bradesco Seguros has set ambitious climate commitments, aiming for a 50% reduction in emissions across all scopes by 2030, which translates to an annual reduction target of approximately 4.6%. This target applies to both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to mitigating their carbon footprint. The emissions data for 2022 indicated a total of about 73,021,110 kg CO2e, highlighting a significant reduction in emissions in 2023. The company’s emissions data is cascaded from its parent company, Banco Bradesco S.A., which provides a broader context for its sustainability initiatives. Bradesco Seguros is actively working towards these reduction targets, demonstrating a commitment to environmental responsibility and aligning with industry standards for climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 73,070 | 00,000 |
| Scope 2 | 578,800 | 000,000 |
| Scope 3 | 73,021,110 | 00,000,000 |
How Carbon Intensive is Bradesco Seguros S.A.'s Industry?
How Carbon Intensive is Bradesco Seguros S.A.'s Location?
Bradesco Seguros S.A.'s Scope 3 Categories Breakdown
Bradesco Seguros S.A.'s Scope 3 emissions, which decreased by 46% last year and decreased by approximately 46% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 80% of Scope 3 emissions.
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Bradesco Seguros S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bradesco Seguros S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
