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 has a rich history and has evolved into a key player in the financial intermediation services sector, excluding insurance and pension funding. The bank operates extensively across Brazil, providing a wide range of services including retail banking, corporate finance, and investment solutions.
With a focus on innovation and customer service, Banco do Brasil offers unique products such as agribusiness financing and tailored credit solutions, catering to diverse client needs. As one of the largest banks in Latin America, it has achieved significant milestones, including a strong market position and recognition for its commitment to sustainable practices. Through its extensive network and comprehensive service offerings, Banco do Brasil continues to play a vital role in the Brazilian economy.
+17 vs industry average
Banco Do Brasil’s score of 54 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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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Banco Do Brasil's reported carbon emissions
Banco do Brasil, a financial intermediary based in Brazil, reported approximately 2.07 x 10^16 kg CO2e in Scope 1 emissions for the reporting year 2024. Its Scope 2 emissions for the same period were approximately 2.97 x 10^16 kg CO2e. The bank's Scope 3 emissions for 2024 amounted to approximately 5.34 x 10^16 kg CO2e, with upstream transportation and distribution being a significant contributor at roughly 2.22 x 10^16 kg CO2e, followed by waste generated in operations at approximately 1.27 x 10^16 kg CO2e.
In the preceding year, 2023, Banco do Brasil's Scope 1 emissions were approximately 1.85 x 10^16 kg CO2e, and its Scope 2 emissions were approximately 1.97 x 10^16 kg CO2e. Scope 3 emissions for 2023 totalled approximately 4.42 x 10^16 kg CO2e.
Banco do Brasil has committed to net-zero emissions by 2050. This commitment is aligned with the Science Based Targets initiative (SBTi), with a long-term timeframe covering all scopes. The bank is a member of the "Banks and Diverse Financials, Insurance" sector group, indicating a commitment to transitioning towards net-zero within its industry. While specific percentage reduction targets are not detailed, the overarching commitment to net-zero by 2050 signifies a significant climate goal for the organisation.
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Banco Do Brasil’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Banco Do Brasil
Frequently asked questions
Common questions about Banco Do Brasil’s sustainability data and climate commitments
Data year: 2024
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