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 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, showcasing the bank's commitment to lowering its carbon footprint. In 2021, CGD's emissions were about 14,271,000 kg CO2e, indicating a substantial decrease in their operational impact. The breakdown of emissions in 2023 includes Scope 1 emissions of 305 kg CO2e and Scope 2 emissions of approximately 7,826,000 kg CO2e. Notably, CGD has also reported Scope 3 emissions, which include indirect emissions from sources such as business travel and purchased goods and services, although specific figures for 2023 are not provided. CGD is a member of the "BA1.5" initiative, demonstrating its commitment to aligning with climate science and reducing emissions in line with the Paris Agreement. While the bank has not set a net-zero target, it has committed to near-term emissions reduction goals, with a focus on improving sustainability practices across its operations. Overall, CGD's ongoing efforts to reduce carbon emissions reflect a proactive approach to climate change, positioning the bank as a responsible financial institution in Portugal and beyond.
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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 committed to some 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.
