Caixa Geral De Depositos
Caixa Geral de Depósitos (CGD), Portugal's largest public bank, is headquartered in Lisbon and operates extensively across the Iberian Peninsula and Africa. Founded in 1876, CGD has established itself as a cornerstone of the Portuguese banking industry, offering a wide range of financial services including retail banking, corporate finance, and investment solutions. With a commitment to innovation, CGD provides unique products such as tailored savings accounts and comprehensive mortgage options, catering to diverse customer needs. The bank's strong market position is underscored by its significant asset base and a reputation for stability, making it a trusted choice for individuals and businesses alike. Notable achievements include its pivotal role in supporting the Portuguese economy through various financial crises, reinforcing its status as a key player in the banking sector.
DitchCarbon Score
How does Caixa Geral De Depositos'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 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 Geral De Depositos's score of 47 is higher than 95% 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 Geral De Depositos's reported carbon emissions
In 2023, Caixa Geral de Depósitos (CGD) reported a total of approximately 7,826,000 kg CO2e in Scope 1 and 2 emissions. This figure reflects a significant reduction from previous years, particularly from 2021, when total emissions were about 14,271,000 kg CO2e. The breakdown of emissions in 2023 indicates that Scope 1 emissions were minimal at about 305 kg CO2e, while Scope 2 emissions accounted for approximately 7,826,000 kg CO2e. Over the years, CGD has demonstrated a commitment to reducing its carbon footprint. In 2021, the bank's Scope 1 emissions were about 8,410,000 kg CO2e, and Scope 2 emissions were approximately 8,410,000 kg CO2e, indicating a proactive approach to managing emissions. The bank has also engaged in various initiatives to enhance sustainability, although specific reduction targets have not been disclosed. CGD is a member of the BA1.5 initiative, which signifies its commitment to aligning with science-based targets for climate action. However, it has not yet committed to a net-zero target. The bank's ongoing efforts reflect its recognition of the importance of addressing climate change within the financial sector, particularly in Portugal and Europe. Overall, CGD's emissions data and climate commitments illustrate a trajectory towards improved sustainability, with a focus on reducing its environmental impact in the banking industry.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 4,400,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000 | - |
| Scope 2 | 37,432,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 000,000,000 | - |
| Scope 3 | 1,745,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000,000 | 0,000,000,000 | - |
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 Geral De Depositos is participating in some 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.
