Banco Do Brasil
Banco do Brasil S.A., commonly referred to as Banco do Brasil, is a prominent financial institution headquartered in Brasília, Brazil. Established in 1808, it stands as one of the oldest banks in the country, with a rich history marked by significant milestones in the banking sector. The bank operates extensively across Brazil, with a strong presence in major urban centres and rural areas, catering to a diverse clientele. As a leading player in the banking industry, Banco do Brasil offers a comprehensive range of services, including retail banking, corporate finance, and investment solutions. Its unique blend of traditional banking practices and innovative digital services positions it favourably in the competitive landscape. Notably, Banco do Brasil has achieved recognition for its robust financial performance and commitment to sustainable practices, solidifying its status as a key contributor to Brazil's economic development.
DitchCarbon Score
How does Banco Do Brasil'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
Banco Do Brasil's score of 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Do Brasil's reported carbon emissions
In 2021, Banco do Brasil reported total carbon emissions of approximately 13,410,000,000 kg CO2e. The bank has set ambitious climate commitments, including a net-zero target by 2050, as part of its Science Based Targets initiative (SBTi) commitments. This target encompasses all scopes of emissions, although specific reduction percentages have not been disclosed. The bank's emissions data for 2022 is not available, but it has consistently reported emissions in previous years, with a notable focus on Scope 1 and Scope 2 emissions. For instance, in 2010, Banco do Brasil's emissions included 4,850,000 kg CO2e from mobile combustion (Scope 1) and 29,538,000 kg CO2e from electricity consumption (Scope 2). Banco do Brasil is committed to submitting its near-term targets, with a deadline set for January 2023, as part of its broader strategy to align with global climate goals. The bank's commitment to net-zero emissions reflects its recognition of the financial sector's role in addressing climate change and its intention to lead by example in Brazil and the Latin American region.
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.
Banco Do Brasil 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.
