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.
+19 vs industry average
Banco Do Brasil’s score of 54 is higher than 68% 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 increased its overall emissions by 11% since 2019
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 intermediation services company headquartered in Brazil, reported approximately 1.83 x 10^13 kg CO2e of Scope 1 emissions in 2024, primarily from fugitive emissions (approximately 1.64 x 10^13 kg CO2e) and mobile combustion (approximately 1.44 x 10^12 kg CO2e). Scope 2 emissions for the same year were approximately 2.97 x 10^13 kg CO2e (location-based). Scope 3 emissions were significant, with upstream transportation and distribution accounting for roughly 2.22 x 10^13 kg CO2e, followed by waste generated in operations (approximately 1.27 x 10^13 kg CO2e) and employee commute (approximately 1.01 x 10^13 kg CO2e).
In 2023, Banco Do Brasil's Scope 1 emissions were around 1.85 x 10^13 kg CO2e, with a substantial portion from fugitive emissions (approximately 1.66 x 10^13 kg CO2e). Scope 2 emissions for 2023 stood at approximately 1.97 x 10^13 kg CO2e (location-based). Scope 3 emissions in 2023 included upstream transportation and distribution at approximately 1.42 x 10^13 kg CO2e and waste generated in operations at roughly 1.24 x 10^13 kg CO2e.
For 2022, Scope 1 emissions totalled approximately 2.57 x 10^13 kg CO2e, with fugitive emissions comprising the largest share at about 2.43 x 10^13 kg CO2e. Scope 2 emissions were approximately 2.18 x 10^13 kg CO2e (location-based), and Scope 3 emissions included upstream transportation and distribution at around 1.73 x 10^13 kg CO2e and waste generated in operations at approximately 1.22 x 10^13 kg CO2e.
Banco Do Brasil is committed to net-zero emissions by 2050 across all scopes, as indicated by their Science Based Targets initiative (SBTi) commitments. Additional SBTi targets have been established, aiming for a net-zero classification across all scopes with a long-term timeframe from 2023 to 2050. The organisation has also committed to being a "BA1.5 member," aligning with a 1.5°C pathway.
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Banco Do Brasil’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Banco Do Brasil yet.
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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