Caixa Econômica Federal
Caixa Econômica Federal, commonly referred to as Caixa, is a prominent Brazilian financial institution headquartered in Brasília, Brazil. Established in 1861, Caixa has played a pivotal role in the country's banking sector, focusing on retail banking, savings, and social development initiatives. With a vast network of branches across Brazil, it serves millions of customers, offering unique products such as housing loans, savings accounts, and social welfare programmes. As a state-owned bank, Caixa is renowned for its commitment to financial inclusion and social responsibility, making it a key player in Brazil's economic landscape. The bank has achieved significant milestones, including its status as one of the largest banks in Latin America, and continues to innovate in digital banking services. With a strong market position, Caixa remains dedicated to supporting the financial needs of individuals and businesses throughout Brazil.
DitchCarbon Score
How does Caixa Econômica Federal'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 Services Auxiliary to Financial Intermediation 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
Caixa Econômica Federal's score of 31 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Caixa Econômica Federal's reported carbon emissions
In 2017, Caixa Econômica Federal reported total carbon emissions of approximately 5,100,000,000 kg CO2e, encompassing Scope 1, Scope 2, and Scope 3 emissions, each contributing equally to this total. Specifically, Scope 1 and Scope 2 emissions were each about 1,700,000,000 kg CO2e, while Scope 3 emissions also totalled approximately 1,700,000,000 kg CO2e across various categories, including investments, capital goods, and employee commute. Despite the significant emissions figures, Caixa Econômica Federal has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of a climate pledge or formal commitments to the Science Based Targets initiative (SBTi) indicates a potential area for improvement in their climate strategy. As a major financial institution in Brazil, Caixa's climate commitments and actions are crucial in addressing the broader environmental impact of the banking sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | |
|---|---|
| Scope 1 | 1,700,000,000 |
| Scope 2 | 1,700,000,000 |
| Scope 3 | 1,700,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Caixa Econômica Federal is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
