Caixa Econômica Federal Sustainability Profile
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 30 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Caixa Econômica Federal's reported carbon emissions
In 2017, Caixa Econômica Federal reported total carbon emissions of approximately 1,700,000,000 kg CO2e across all scopes. This includes 1,700,000,000 kg CO2e from Scope 1 and 1,700,000,000 kg CO2e from Scope 2 emissions. Scope 3 emissions were also significant, totalling 1,700,000,000 kg CO2e, encompassing various categories such as investments, capital goods, business travel, employee commute, and more. Despite the substantial emissions figures, Caixa Econômica Federal has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. There are no commitments to the Science Based Targets initiative (SBTi) or other climate pledges noted in the available data. As a major financial institution in Brazil, Caixa Econômica Federal's emissions data is self-reported and not cascaded from a parent organisation, indicating that the figures reflect their direct operational impact. The bank's commitment to addressing climate change remains unclear, highlighting an opportunity for future engagement in sustainability initiatives.
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| 2017 | |
|---|---|
| Scope 1 | 1,700,000,000 |
| Scope 2 | 1,700,000,000 |
| Scope 3 | 1,700,000,000 |
How Carbon Intensive is Caixa Econômica Federal's Industry?
How Carbon Intensive is Caixa Econômica Federal's Location?
Caixa Econômica Federal's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 33% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Caixa Econômica Federal'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.
Caixa Econômica Federal 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.
