Novo Banco
Novo Banco, officially known as Novo Banco, S.A., is a prominent financial institution headquartered in Lisbon, Portugal (PT). Established in 2014, the bank emerged from the resolution of Banco Espírito Santo, marking a significant milestone in the Portuguese banking sector. Novo Banco operates primarily in Portugal, with a focus on retail banking, corporate banking, and investment services. The bank offers a diverse range of core products, including personal and business accounts, loans, and investment solutions, distinguished by their customer-centric approach and innovative digital services. Novo Banco has positioned itself as a key player in the market, recognised for its commitment to financial stability and customer satisfaction. With a strong emphasis on sustainability and community engagement, Novo Banco continues to evolve, adapting to the dynamic needs of its clients while maintaining a robust presence in the financial landscape.
DitchCarbon Score
How does Novo Banco'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
Novo Banco's score of 51 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Novo Banco's reported carbon emissions
In 2023, Novo Banco reported total carbon emissions of approximately 9,056,000 kg CO2e. This figure includes 3,675,300 kg CO2e from Scope 1 emissions, 1,146,300 kg CO2e from Scope 2 emissions, and 4,234,400 kg CO2e from Scope 3 emissions. The bank has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Over the past few years, Novo Banco's emissions have shown fluctuations. For instance, in 2022, the total emissions were about 11,072,000 kg CO2e, indicating a reduction in 2023. The bank's emissions profile includes significant contributions from both direct operations (Scope 1) and indirect emissions from energy consumption (Scope 2), as well as broader supply chain impacts (Scope 3). While Novo Banco has not set specific reduction targets or joined initiatives such as the Science Based Targets initiative (SBTi), it continues to report its emissions transparently, reflecting an awareness of its environmental impact. The bank's ongoing efforts to monitor and manage its carbon emissions are crucial in the context of increasing global climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 4,286,700 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,882,100 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 6,542,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Novo Banco 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.
