Banrisul
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 60% 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, which are direct emissions from owned or controlled sources, and 1,446,800 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 7,684,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. Comparatively, in 2021, Banrisul's total emissions were about 10,655,600 kg CO2e, with Scope 1 emissions at 958,900 kg CO2e, Scope 2 at 4,642,300 kg CO2e, and Scope 3 at 5,054,400 kg CO2e. This indicates a significant reduction in total emissions from 2021 to 2022. In 2020, the bank's emissions were considerably lower, at approximately 2,738,300 kg CO2e, with Scope 1 emissions of 639,700 kg CO2e, Scope 2 emissions of 2,067,600 kg CO2e, and a minimal Scope 3 contribution of 31,000 kg CO2e. Despite these figures, Banrisul has not publicly disclosed specific reduction targets or initiatives related to the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while the bank is aware of its emissions profile, it may need to establish clearer commitments to enhance its climate strategy.
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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 |
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.
Banrisul is not participating in any 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.
