Banco Espirito Santo

Banco Espirito Santo's reported carbon emissions

In 2013, Banco Espírito Santo reported total carbon emissions of approximately 29,000,000 kg CO2e, comprising 7,838,000 kg CO2e from Scope 1, 13,803,000 kg CO2e from Scope 2, and 9,885,000 kg CO2e from Scope 3 emissions. The bank has disclosed emissions data across all three scopes, indicating a comprehensive approach to carbon accounting. Despite the detailed emissions reporting, Banco Espírito Santo has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). This lack of formal climate pledges suggests that while the bank is aware of its emissions profile, it has yet to establish a structured plan for reducing its carbon footprint. Overall, Banco Espírito Santo's emissions data reflects its operational impact on climate change, but the absence of reduction commitments highlights an area for potential improvement in its environmental strategy.