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, which includes 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 a commitment to transparency in their environmental impact, as they have disclosed emissions across all three scopes. The bank has set ambitious climate commitments, including a net-zero target by 2050, as part of their Science Based Targets initiative (SBTi) commitments. This long-term goal encompasses all scopes of emissions, demonstrating their dedication to reducing their carbon footprint comprehensively. The SBTi targets were established in 2021, with a commitment to submit specific reduction targets by January 2023. Banco do Brasil's emissions data is not cascaded from a parent organization, indicating that their reported figures are independently sourced. The bank's ongoing efforts to address climate change align with industry standards and reflect a proactive approach to sustainability within the financial sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,965,000 | 0,000,000 |
| Scope 2 | 2,000,000 | 0,000,000 |
| Scope 3 | 2,500,000 | 0,000,000 |
How Carbon Intensive is Banco Do Brasil's Industry?
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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