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 25 is higher than 65% 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 2017, Banco Espírito Santo reported total carbon emissions of approximately 38,920,000 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. This marked a slight increase in emissions compared to 2016, where total emissions were about 37,680,000 kg CO2e, with Scope 1 at 7,184,000 kg CO2e, Scope 2 at 18,202,000 kg CO2e, and Scope 3 at 9,768,000 kg CO2e. Banco Espírito Santo has committed to setting near-term targets aligned with the Science Based Targets initiative (SBTi), with a focus on limiting global warming to 1.5°C. The bank's targets cover greenhouse gas emissions from its operations (Scopes 1 and 2) and are expected to be submitted by July 31, 2023. Additionally, they have set portfolio targets that encompass 15% of their total investment and lending activities, reflecting a commitment to sustainable finance. Overall, Banco Espírito Santo is actively working towards reducing its carbon footprint and aligning its operations with global climate goals, although specific reduction targets and achievements have yet to be fully disclosed.
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| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,958,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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 | 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 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
