NOVO BAN

Sustainability Report and Carbon Intensity Rankings

Is NOVO BAN doing their part?

Their DitchCarbon score is 59

Novo Ban has a DitchCarbon Score of 59 out of 100, indicating a moderate level of sustainability in their operations. This score reflects the company’s carbon intensity, suggesting there is room for improvement in reducing emissions. A higher score would demonstrate a stronger commitment to lowering carbon intensity and enhancing sustainability efforts.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Novo Ban operates within the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Novo Ban, located in Portugal, operates in a region with a low carbon intensity rating. This suggests that the company’s sustainability efforts are positively influenced by the country’s commitment to low carbon emissions.
8.17%

...this company is doing 8.17% better in emissions than the industry average.

NOVO BANCO, founded in 2014 and headquartered in Lisbon, operates within the finance sector as a prominent institution in Portugal. Renowned for its commitment to service quality and customer satisfaction, the bank offers a comprehensive range of financial services. With over 600 branches and 24 corporate centers, NOVO BANCO extends its presence to more than 20 countries, supporting both exporters and the Portuguese diaspora with innovative digital banking solutions.

Good news, Novo Ban has embraced SBTi climate commitments

Novo Ban has pledged to align its operations and strategies with the Science Based Targets initiative to significantly reduce greenhouse gas emissions. This commitment means the company will implement environmentally sustainable practices to meet the rigorous criteria set by the SBTi for limiting global warming.

There’s always room for improvement,

DitchCarbon recommends...

Novo Ban should consider implementing fuel switching strategies in their transportation and operations to capitalize on a potential 15% reduction in Scope 1 emissions.
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✓ Comprehensive database of calculators, life cycle analysis, carbon footprints of companies

✓ Peer group, recommended actions, historical reports, data sources

✓ Complete Scope 1-2-3 data, emission factors, yearly breakdown

✓ Complete SBTi and CDP status with sources

✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.