Banrisul Sustainability Profile
Banrisul, officially known as Banco do Estado do Rio Grande do Sul S.A., is a prominent financial institution headquartered in Porto Alegre, Brazil. Established in 1928, Banrisul has evolved into a key player in the banking sector, primarily serving the southern regions of Brazil, including Rio Grande do Sul. The bank offers a diverse range of services, including retail banking, corporate finance, and investment solutions, distinguished by its commitment to customer service and regional development. With a strong market presence, Banrisul has achieved notable milestones, such as expanding its digital banking capabilities and enhancing financial inclusion initiatives. Recognised for its stability and innovation, Banrisul continues to play a vital role in the Brazilian banking landscape, catering to the needs of individuals and businesses alike.
DitchCarbon Score
How does Banrisul'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
Banrisul's score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banrisul's reported carbon emissions
In 2022, Banrisul reported total carbon emissions of approximately 9,859,100 kg CO2e. This figure includes Scope 1 emissions of about 728,300 kg CO2e, Scope 2 emissions of approximately 1,446,800 kg CO2e, and Scope 3 emissions amounting to around 7,684,000 kg CO2e. The bank's emissions have seen fluctuations over the years, with a total of approximately 10,655,600 kg CO2e in 2021 and about 2,738,300 kg CO2e in 2020. Notably, the significant increase in emissions from 2020 to 2021 reflects a rise in operational activities and associated carbon outputs. Banrisul has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that the bank may be in the early stages of formalising its climate commitments. As part of its sustainability efforts, Banrisul is committed to improving its environmental performance, although specific strategies or initiatives have not been detailed in the available data. The emissions data is sourced directly from Banco do Estado do Rio Grande do Sul S.A., with no cascaded data from parent organisations.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 639,700 | 000,000 | 000,000 |
| Scope 2 | 2,067,600 | 0,000,000 | 0,000,000 |
| Scope 3 | 31,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Banrisul's Industry?
How Carbon Intensive is Banrisul's Location?
Banrisul'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.
Banrisul has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
