Banco Espirito Santo
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 23 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Banco Espirito Santo's reported carbon emissions
In 2013, Banco Espírito Santo reported total carbon emissions of approximately 21,641,000 kg CO2e, which includes 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. This data reflects the bank's operational impact on climate change, with significant contributions from both direct and indirect emissions. The bank has committed to near-term targets aligned with the Science Based Targets initiative (SBTi), specifically aiming for a 1.5°C pathway. As of 2024, Banco Espírito Santo's portfolio targets are set to cover 15% of its total investment and lending by total balance sheet assets, with required activities making up 18% of its total investment and lending as of 2021. These targets are designed to ensure that emissions from the bank's operations (Scopes 1 and 2) are consistent with the reductions necessary to limit global warming to 1.5°C. Banco Espírito Santo's emissions data is sourced directly from the organisation itself, with no cascaded data from a parent company. The bank's commitment to reducing its carbon footprint reflects its recognition of the financial sector's role in addressing climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | |
|---|---|
| Scope 1 | 7,838,000 |
| Scope 2 | 13,803,000 |
| Scope 3 | 9,885,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Banco Espirito Santo is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
