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. This figure includes 1,965,000 kg CO2e from Scope 1 emissions, 2,000,000 kg CO2e from Scope 2 emissions, and 2,500,000 kg CO2e from Scope 3 emissions. The bank's emissions data for 2022 mirrored this total, indicating a consistent emissions profile over the two years. Banco do Brasil is committed to achieving net-zero emissions across all scopes by 2050, with a commitment initiated in 2021. This long-term target aligns with the Science Based Targets initiative (SBTi) framework, which the bank has embraced to guide its climate action strategy. 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 align with global sustainability goals. The bank's emissions data is self-reported and does not appear to be cascaded from a parent or related organization. As a financial institution, Banco do Brasil is actively working to integrate sustainability into its operations and investment strategies, contributing to broader climate resilience efforts in Brazil and beyond.
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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 |
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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