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OrganisationsBanco Espirito Santo
Banco Espirito Santo logo

Banco Espirito Santo

Financial IntermediationPortugalNYSE: BEST
Last verified 10 days agobes.pt

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 in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. With a strong presence in major operational regions across Europe, BES has built a reputation for its comprehensive range of banking solutions.

The bank offers unique core products, including retail banking, corporate finance, and investment services, tailored to meet the diverse needs of its clientele. Notable for its innovative approach, Banco Espírito Santo has achieved significant milestones, positioning itself as a key player in the financial landscape. Its commitment to customer service and financial expertise continues to drive its success in the competitive market.

29
DitchCarbon score

-8 vs industry average

Banco Espirito Santo’s score of 29 is lower than 42% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.096
20182025

The Financial Intermediation industry has reduced its overall emissions by 33% since 2018

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Banco Espirito Santo's reported carbon emissions

Banco Espirito Santo, headquartered in Portugal and operating within financial intermediation services, reported a total of 19,724,000 kg CO2e in emissions for the year 2013. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were 7,838,000 kg CO2e, Scope 2 emissions totalled 13,803,000 kg CO2e, and Scope 3 emissions amounted to 9,885,000 kg CO2e.

In 2012, the total emissions were approximately 26,836,000 kg CO2e. This breakdown included Scope 1 at approximately 7,186 kg CO2e, Scope 2 at approximately 18,202 kg CO2e, and Scope 3 at approximately 9,768 kg CO2e.

Previously, for 2011, total emissions were reported as approximately 20,697,000 kg CO2e, with Scope 1 emissions at roughly 7,378 kg CO2e, Scope 2 at approximately 13,319 kg CO2e, and Scope 3 at around 9,485 kg CO2e.

In 2010, total emissions stood at approximately 19,402,000 kg CO2e, comprising Scope 1 of about 5,307 kg CO2e, Scope 2 of approximately 14,095 kg CO2e, and Scope 3 of approximately 9,455 kg CO2e.

For 2009, total emissions were around 25,488,000 kg CO2e, with Scope 1 at approximately 5,055 kg CO2e, Scope 2 at approximately 20,433 kg CO2e, and Scope 3 at approximately 12,562 kg CO2e.

In 2008, total emissions were approximately 23,940,000 kg CO2e, including Scope 1 at roughly 4,958 kg CO2e, Scope 2 at approximately 22,454 kg CO2e, and Scope 3 at approximately 10,780 kg CO2e.

Banco Espirito Santo's reporting in these years indicates a disclosure of Scope 1, 2, and 3 emissions, with some data points missing for Scope 3 categories, such as purchased goods and services. The provided data does not include information on specific reduction targets or climate commitments.

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Banco Espirito Santo’s Climate Goals (2030 & 2050)

2025

Near-zero scope 1 & 2

Target to achieve near-zero emissions for direct operations and purchased energy

On track94%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

2 of 15 categories disclosed
Employee Commuting79%
Business Travel21%
Employee Commuting79%
Business Travel21%

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Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Banco Espirito Santo logoBanco Espirito Santo
PTFinancial Intermediation
10 days ago
29
Hsbc Holdings logoHsbc Holdings
GBCommercial Banking
14 hours ago
100
View
Ubs logoUbs
CHFinancial Intermediation
5 days ago
100
View
Banco Bilbao Vizcaya Argentaria logoBanco Bilbao Vizcaya Argentaria
ESServices Auxiliary to Financial Intermediation
6 hours ago
91
View
Deutsche Bank logoDeutsche Bank
DEBusiness Services
5 days ago
85
View
Barclays PLC logoBarclays PLC
GBCommercial Banking
4 days ago
78
View
Caixabank logoCaixabank
ESBusiness Services
5 days ago
68
View

Frequently asked questions

Common questions about Banco Espirito Santo’s sustainability data and climate commitments

Banco Espirito Santo's total carbon emissions in 2013 were approximately 19.7 million kg CO₂e. This figure includes emissions from Scope 1, Scope 2, and Scope 3 categories. Specifically, Scope 1 emissions were around 7.8 million kg CO₂e, Scope 2 about 13.8 million kg CO₂e, and Scope 3 roughly 9.9 million kg CO₂e. These emissions reflect the company's environmental impact within the financial intermediation sector operating mainly in Portugal, highlighting the importance of ongoing reduction efforts and transparency for stakeholders interested in its climate footprint.

Data year: 2013

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