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 9,860,200 kg CO2e. This figure includes 728,300 kg CO2e from Scope 1 emissions, 1,446,800 kg CO2e from Scope 2 emissions, and a significant 7,684,000 kg CO2e from Scope 3 emissions. This represents a notable decrease from 2021, when total emissions were about 14,537,500 kg CO2e, with Scope 1 at 958,900 kg CO2e, Scope 2 at 4,642,300 kg CO2e, and Scope 3 at 5,054,400 kg CO2e. In 2020, the bank's emissions were considerably lower, at around 5,716,000 kg CO2e, with Scope 1 emissions of 639,700 kg CO2e, Scope 2 emissions of 2,067,600 kg CO2e, and only 31,000 kg CO2e from Scope 3. Despite these figures, Banrisul has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Banco do Estado do Rio Grande do Sul S.A. Banrisul's emissions profile highlights the importance of addressing Scope 3 emissions, which constitute the majority of their carbon footprint. The bank's ongoing efforts to monitor and potentially reduce these emissions will be crucial in aligning with global climate commitments.
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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.
