Public Profile

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.

33

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.

29

Industry Benchmark

Caixa Econômica Federal's score of 33 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.

68%

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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 about 1,700,000,000 kg CO2e. The emissions from Scope 3 were particularly extensive, reflecting various activities such as investments, capital goods, and employee commuting. Despite the significant emissions figures, Caixa does not currently have specific reduction targets or initiatives outlined in their sustainability reports. This absence of defined climate commitments suggests a need for enhanced strategies to address their carbon footprint and align with industry standards for climate action. As a major financial institution headquartered in Brazil, Caixa's climate commitments and emissions management will be crucial in contributing to broader sustainability goals within the banking sector.

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2017
Scope 1
1,700,000,000
Scope 2
1,700,000,000
Scope 3
1,700,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Caixa Econômica Federal's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Caixa Econômica Federal is in BR, which has a very low grid carbon intensity relative to other regions.

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 participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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