Banco Comercial Portugues
Banco Comercial Português, commonly known as Millennium BCP, is a leading financial institution headquartered in Lisbon, Portugal. Established in 1985, it has grown to become a prominent player in the banking sector, serving a diverse clientele across Portugal and several international markets, including Poland and Mozambique. As a full-service bank, Millennium BCP offers a wide range of products and services, including retail banking, corporate banking, investment solutions, and asset management. Its commitment to innovation and customer-centric solutions sets it apart in the competitive landscape. With a strong market position, Millennium BCP has achieved significant milestones, including being the first private bank in Portugal to list on the stock exchange. The bank continues to focus on sustainable growth and digital transformation, reinforcing its reputation as a trusted financial partner.
DitchCarbon Score
How does Banco Comercial Portugues'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 Comercial Portugues's score of 53 is higher than 75% 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 Comercial Portugues's reported carbon emissions
In 2024, Banco Comercial Português (BCP) reported total carbon emissions of approximately 5505 kg CO2e for Scope 1, 5955 kg CO2e for Scope 2, and 138470 kg CO2e for Scope 3 emissions. The breakdown of Scope 1 emissions includes 4595 kg CO2e from mobile combustion, 39000 kg CO2e from fugitive emissions, and 871000 kg CO2e from stationary combustion. For Scope 2, the market-based total was 5955 kg CO2e, while the location-based total was 16496 kg CO2e. Scope 3 emissions were primarily driven by purchased goods and services (138470 kg CO2e), business travel (1543 kg CO2e), and fuel and energy-related activities (7088 kg CO2e). BCP has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. Additionally, the bank is committed to achieving carbon neutrality for its direct operations by 2030 and aims for neutrality in its credit and investment portfolio by 2050. These targets reflect BCP's dedication to sustainability and align with industry standards for climate action. The emissions data and commitments are sourced directly from Banco Comercial Português, S.A., with no cascaded data from a parent organization.
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| 2009 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 20,424 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 137,255 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 | 0,000 | 0,000 |
| Scope 3 | 281,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 | 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 Comercial Portugues 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.
