Banco Espirito Santo Sustainability Profile
Banco Espírito Santo, often referred to as BES, is a prominent financial institution headquartered in Portugal (PT). Established in 1869, it has a rich history marked by significant milestones in the banking sector. The bank primarily operates in Portugal and has a notable presence in various international markets. As a key player in the banking industry, Banco Espírito Santo offers a diverse range of services, including retail banking, corporate finance, and investment solutions. Its unique approach to customer service and innovative financial products distinguishes it from competitors. With a strong market position, Banco Espírito Santo has achieved recognition for its commitment to sustainability and community engagement, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Banco Espirito Santo'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 Espirito Santo's score of 25 is lower than 66% 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 Espirito Santo's reported carbon emissions
In 2013, Banco Espírito Santo reported total carbon emissions of approximately 38.5 million kg CO2e, comprising 7.8 million kg CO2e from Scope 1, 13.8 million kg CO2e from Scope 2, and 9.9 million kg CO2e from Scope 3 emissions. The bank's emissions data is sourced directly from Banco Espírito Santo, S.A. and is not cascaded from any parent organization. The bank has committed to near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway. These targets are set to cover 15% of its total investment and lending by total balance sheet assets as of 2021, with required activities making up 18% of its total investment and lending. The targets are expected to be submitted by July 31, 2023. Banco Espírito Santo's climate commitments reflect a growing recognition of the need for financial institutions to address their carbon footprints and contribute to global climate goals.
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| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,958,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 22,454,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 10,780,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Banco Espirito Santo's Industry?
How Carbon Intensive is Banco Espirito Santo's Location?
Banco Espirito Santo's Scope 3 Categories Breakdown
Banco Espirito Santo's Scope 3 emissions, which increased by 1% last year and decreased by approximately 8% since 2008, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 31% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 79% of Scope 3 emissions.
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Banco Espirito Santo'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 Espirito Santo 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 Espirito Santo's sustainability data and climate commitments