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 48 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. Over the years, Novo Banco has demonstrated a commitment to reducing its carbon footprint, achieving a significant decrease from 11,072,000 kg CO2e in 2022 and 11,817,800 kg CO2e in 2021. The bank has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2030. These targets cover 15% of its total investment and lending portfolio, reflecting a proactive approach to managing greenhouse gas emissions from its operations (Scopes 1 and 2). As of 2021, required activities accounted for 18% of Novo Banco's total investment and lending by total assets, with optional activities making up 40%. Novo Banco's emissions data and reduction initiatives underscore its commitment to sustainability within the financial sector, as it continues to work towards more ambitious climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
