Banco Do Brasil Sustainability Profile
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 51 is higher than 69% 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 2023, Banco do Brasil reported total carbon emissions of approximately 6,465,000 kg CO2e, comprising 1,965,000 kg CO2e from Scope 1, 2,000,000 kg CO2e from Scope 2, and 2,500,000 kg CO2e from Scope 3 emissions. This data reflects the bank's commitment to transparency in its environmental impact. Banco do Brasil has set ambitious climate commitments, including a net-zero target by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The bank is classified as a financial institution and is committed to reducing emissions across all scopes. The near-term target status is marked as "Committed," indicating a proactive approach to addressing climate change. The bank's emissions data is not cascaded from any parent organization, ensuring that its reported figures are independently verified. As a member of the BA1.5 initiative, Banco do Brasil is actively engaging in efforts to align its operations with global climate goals, demonstrating leadership in the financial sector's response to climate change.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
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Banco Do Brasil'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.
Banco Do Brasil 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 Banco Do Brasil's sustainability data and climate commitments