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 41 is higher than 66% 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 total carbon emissions of approximately 7,826,000 kg CO2e, encompassing Scope 1 and 2 emissions. This marks a significant reduction from 2021, when emissions were about 8,410,000 kg CO2e. The bank has set ambitious targets, aiming for a 43% reduction in total greenhouse gas emissions (Scope 1 and 2) by 2021, compared to 2015 levels. In 2022, CGD's emissions included 305 kg CO2e from Scope 1, contributing to a total of approximately 4,878,000 kg CO2e for Scope 1 and 2 combined. The bank's emissions have shown a downward trend, with a notable decrease from 2018, when total emissions were about 17,202,000 kg CO2e. CGD has previously committed to various climate initiatives, including membership in the BA1.5 group, although some near-term targets have been removed or expired. The bank's commitment to sustainability is evident in its ongoing efforts to monitor and reduce its carbon footprint, aligning with industry standards for climate action. Overall, CGD's emissions data reflects a proactive approach to climate commitments, with a focus on significant reductions in greenhouse gas emissions over recent years.
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| 2013 | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 158,757,106,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | 000 | - |
| Scope 2 | 18,051,078,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - |
| Scope 3 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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.
