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 49 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, with total emissions of about 43,577,000 kg CO2e in 2015, indicating a downward trend in their carbon footprint. The breakdown of emissions for 2023 shows that Scope 1 emissions were minimal at about 305 kg CO2e, while Scope 2 emissions accounted for approximately 331,161,000 kg CO2e. In 2021, CGD's total emissions were approximately 44,828,000 kg CO2e, with Scope 1 emissions at about 8,410,000 kg CO2e and Scope 2 emissions at around 8,410,000 kg CO2e. This demonstrates a commitment to reducing their carbon impact over the years. CGD has committed to near-term targets under the Science Based Targets initiative (SBTi), although specific reduction targets have not been disclosed. The bank is a member of the BA1.5 initiative, which indicates its commitment to aligning with a 1.5°C pathway. However, it has not yet committed to a net-zero target. Overall, CGD's emissions data and climate commitments reflect a proactive approach to sustainability, with ongoing efforts to reduce their carbon emissions in line with industry standards.
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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.
