Caixa Geral De Depositos Sustainability Profile
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 61% 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 greenhouse gas 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 had previously set a target in 2018 to reduce its total GHG emissions (Scope 1 and 2) by 43% by 2021, compared to 2015 levels. In 2022, CGD's emissions were reported at approximately 4,878,000 kg CO2e, with Scope 1 emissions alone accounting for about 305 kg CO2e. The bank's emissions data indicates a commitment to sustainability, although specific Scope 3 emissions data has not been disclosed. CGD's climate commitments include a near-term target to reduce emissions, although recent updates indicate that some commitments have been removed or expired. The bank is a member of the BA1.5 initiative, which aligns with its broader sustainability goals. Overall, CGD's emissions trajectory reflects a proactive approach to climate action, with a focus on reducing its carbon footprint in the financial sector.
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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 | 00,000,000 | 0,000,000 | - | - | - |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | - | - | - |
How Carbon Intensive is Caixa Geral De Depositos's Industry?
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Caixa Geral De Depositos's Scope 3 Categories Breakdown
Caixa Geral De Depositos's Scope 3 emissions, which decreased by 79% last year and decreased by approximately 79% since 2016, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" being the primary emissions source at 94% of Scope 3 emissions.
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Caixa Geral De Depositos's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Caixa Geral De Depositos has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Caixa Geral De Depositos's sustainability data and climate commitments