Banco Espirito Santo

Banco Espírito Santo (BES), a financial intermediation services provider headquartered in Portugal, has reported Scope 1, 2, and 3 emissions for several years. In 2013, the bank's total emissions were approximately 21,641,000 kg CO2e, comprising 7,838,000 kg CO2e for Scope 1 and 13,803,000 kg CO2e for Scope 2. Scope 3 emissions for 2013 amounted to approximately 9,885,000 kg CO2e, with business travel contributing 2,089,000 kg CO2e and employee commute accounting for 7,796,000 kg CO2e.

Historical emissions data indicates fluctuations in reported figures. In 2012, total emissions were approximately 25,388 kg CO2e, with Scope 1 at 7,186 kg CO2e, Scope 2 at 18,202 kg CO2e, and Scope 3 at 9,768 kg CO2e. In 2011, total emissions were around 20,697 kg CO2e (Scope 1: 7,378 kg CO2e, Scope 2: 13,319 kg CO2e, Scope 3: 9,485 kg CO2e). For 2010, total emissions were approximately 19,402 kg CO2e (Scope 1: 5,307 kg CO2e, Scope 2: 14,095 kg CO2e, Scope 3: 9,455 kg CO2e). In 2009, total emissions reached about 25,488 kg CO2e (Scope 1: 5,055 kg CO2e, Scope 2: 20,433 kg CO2e, Scope 3: 12,562 kg CO2e). Earlier data from 2008 showed total emissions of approximately 23,940 kg CO2e (Scope 1: 4,958 kg CO2e, Scope 2: 22,454 kg CO2e, Scope 3: 10,780 kg CO2e).

Banco Espírito Santo does not currently have publicly stated reduction targets or commitments under initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge. However, the bank has disclosed emissions data across all scopes, demonstrating a commitment to transparency in its environmental reporting within the financial intermediation sector.