Banco Comercial Portugues SA

Common Name
Banco Comercial Portugues
Country
Portugal
Sector
Financial Services
Industry
Banks - Regional
Employees
15,855
Ticker
BCP
Exchange
EURONEXT
Description
Banco Comercial Português, S.A. is a leading financial institution and the largest private bank in Portugal. Founded in 1985, it operates primarily through its Millennium BCP brand, which is recognize...

Banco Comercial Portugues's GHG Emissions Data Preview

In 2024, Banco Comercial Portugues completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Banco Comercial Portugues has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Banco Comercial Portugues’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Banco Comercial Portugues’s data sources below and access millions more through our Disclosure Search.

a. Banco Comercial Portugues's Sustainability Report 2024
a. Banco Comercial Portugues's Sustainability Report 2024
b. Banco Comercial Portugues's Sustainability Report 2020
b. Banco Comercial Portugues's Sustainability Report 2020

Insights into Banco Comercial Portugues's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Banco Comercial Portugues amounted to 22,001 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Banco Comercial Portugues decreased by 10.14%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Banco Comercial Portugues's Scope 1 Emissions Over Time

201820192020202120222023202402.5 k5 k7.5 k10 ktCO2e-16%-24%+9%-34%+15%+6%
  • Total Scope 1
  • Year-over-Year Change

What are Banco Comercial Portugues's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Banco Comercial Portugues were 5,505 metric tons of CO₂ equivalent (tCO₂e). a

Has Banco Comercial Portugues reduced its Scope 1 emissions over time?

Since 2018, Banco Comercial Portugues's Scope 1 emissions have decreased by 44.51%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Banco Comercial Portugues's Scope 1 emissions increased by 5.82%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Banco Comercial Portugues's Scope 2 emissions?

In 2024, Banco Comercial Portugues reported Scope 2 greenhouse gas (GHG) emissions of 5,955 tCO₂e using the market-based method and 16,496 tCO₂e using the location-based method. a

Has Banco Comercial Portugues reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Banco Comercial Portugues's Scope 2 emissions (Location-Based) fell by 14.45% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Banco Comercial Portugues use for Scope 2 reporting?

In 2024, Banco Comercial Portugues reported its Scope 2 emissions using the market-based method and using the location-based method. a

Banco Comercial Portugues's Scope 2 Emissions Over Time

2018201920202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Banco Comercial Portugues's Value Chain Emissions

In 2024, Banco Comercial Portugues reported 9,598,650 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Banco Comercial Portugues includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Banco Comercial Portugues's Scope 3 Emissions Over Time

201820192020202120222023202402.5 M5 M7.5 M10 MtCO2e+11%-80%-45%+51180%+9427%+40%
  • Total Scope 3
  • Year-over-Year Change

What are Banco Comercial Portugues's Scope 3 emissions?

In 2024, Banco Comercial Portugues reported total Scope 3 emissions of 9,598,650 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 1.59% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.41% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Banco Comercial Portugues reduced its Scope 3 emissions over time?

Since 2018, Banco Comercial Portugues's Scope 3 emissions have increased by 835,291.64%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Banco Comercial Portugues's Scope 3 emissions increased by 40.34%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Banco Comercial Portugues disclose?

In 2024, Banco Comercial Portugues reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Banco Comercial Portugues's Scope 3 emissions?

In 2024, the largest contributors to Banco Comercial Portugues's Scope 3 emissions were: a

  • Investments (Cat. 15): 8,350,239 tCO₂e (86.99%)
  • Downstream Leased Assets (Cat. 13): 1,095,704 tCO₂e (11.42%)
  • Purchased Goods and Services (Cat. 1): 138,470 tCO₂e (1.44%)

Banco Comercial Portugues's Scope 3 Emissions by Categories

Investments(Cat. 15)(87.0%)Purchased Goods andServices (Cat. 1)(1.4%)Downstream LeasedAssets (Cat. 13)(11.4%)

Insights into Banco Comercial Portugues’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Banco Comercial Portugues reported Scope 1 greenhouse gas (GHG) emissions of 5,505 tCO₂e and total revenues of USD 3,885 millions. This translates into an emissions intensity of 1.42 tCO₂e per millions USD. a

Banco Comercial Portugues's Scope 1 Emissions Intensity Compared to Peers

202002,00050,000500,000Scope 1 Emissions (tCO2e)5002,0005,00010,00050,000Revenues (Millions of USD)SSSSumitomo Mitsui Trust GroupYear: 2022Scope 1: 5,034 tCO2eRevenue: $M 9,493Scope 1 Intensity: 0.53 tCO2e/$MOTP BankYear: 2024Scope 1: 118,470 tCO2eRevenue: $M 6,856Scope 1 Intensity: 17.28 tCO2e/$MBRIYear: 2024Scope 1: 124,155 tCO2eRevenue: $M 10,838Scope 1 Intensity: 11.46 tCO2e/$MComericaYear: 2024Scope 1: 5,391 tCO2eRevenue: $M 3,244Scope 1 Intensity: 1.66 tCO2e/$MBank of BarodaYear: 2025Scope 1: 1,807 tCO2eRevenue: $M 8,154Scope 1 Intensity: 0.22 tCO2e/$MWintrust FinancialYear: 2024Scope 1: 2,900 tCO2eRevenue: $M 2,451Scope 1 Intensity: 1.18 tCO2e/$MPunjab National BankYear: 2025Scope 1: 10,621 tCO2eRevenue: $M 6,994Scope 1 Intensity: 1.52 tCO2e/$MBank of BeijingYear: 2023Scope 1: 164 tCO2eRevenue: $M 9,321Scope 1 Intensity: 0.02 tCO2e/$MBank of NanjingYear: 2023Scope 1: 2,792 tCO2eRevenue: $M 6,236Scope 1 Intensity: 0.45 tCO2e/$MResona HoldingsYear: 2024Scope 1: 4,321 tCO2eRevenue: $M 5,081Scope 1 Intensity: 0.85 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MMalayan BankingYear: 2024Scope 1: 11,761 tCO2eRevenue: $M 6,268Scope 1 Intensity: 1.88 tCO2e/$MBPER BancaYear: 2024Scope 1: 10,614 tCO2eRevenue: $M 6,232Scope 1 Intensity: 1.70 tCO2e/$MZions BancorporationYear: 2023Scope 1: 1,689 tCO2eRevenue: $M 3,115Scope 1 Intensity: 0.54 tCO2e/$MJapan Post BankYear: 2023Scope 1: 4,301 tCO2eRevenue: $M 11,852Scope 1 Intensity: 0.36 tCO2e/$MStandard Bank GroupYear: 2024Scope 1: 13,877 tCO2eRevenue: $M 10,045Scope 1 Intensity: 1.38 tCO2e/$MKB Financial GroupYear: 2023Scope 1: 23,325 tCO2eRevenue: $M 15,261Scope 1 Intensity: 1.53 tCO2e/$MSwedbankYear: 2024Scope 1: 853 tCO2eRevenue: $M 6,654Scope 1 Intensity: 0.13 tCO2e/$MBank Leumi Le IsraelYear: 2024Scope 1: 2,950 tCO2eRevenue: $M 6,046Scope 1 Intensity: 0.49 tCO2e/$MAIB GroupYear: 2024Scope 1: 2,875 tCO2eRevenue: $M 5,115Scope 1 Intensity: 0.56 tCO2e/$MDNB BankYear: 2024Scope 1: 67 tCO2eRevenue: $M 7,456Scope 1 Intensity: 0.01 tCO2e/$MBank of Ireland GroupYear: 2024Scope 1: 3,537 tCO2eRevenue: $M 4,643Scope 1 Intensity: 0.76 tCO2e/$MShinhan Financial GroupYear: 2024Scope 1: 13,575 tCO2eRevenue: $M 11,972Scope 1 Intensity: 1.13 tCO2e/$MBanco BPMYear: 2024Scope 1: 16,813 tCO2eRevenue: $M 5,771Scope 1 Intensity: 2.91 tCO2e/$MBank HapoalimYear: 2024Scope 1: 3,876 tCO2eRevenue: $M 6,008Scope 1 Intensity: 0.65 tCO2e/$MBanco Comercial PortuguesYear: 2024Scope 1: 5,505 tCO2eRevenue: $M 3,885Scope 1 Intensity: 1.42 tCO2e/$M

How does Banco Comercial Portugues's GHG emissions intensity compare to its peers?

In 2024, Banco Comercial Portugues reported a Scope 1 emissions intensity of 1.42 tCO₂e per millions USD. Compared to the peer group median of 0.85 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Banco Comercial Portugues rank on GHG emissions intensity within its industry?

In 2024, Banco Comercial Portugues ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Banco Comercial Portugues is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Banco Comercial Portugues's Total Carbon Footprint

In 2024, Banco Comercial Portugues reported a total carbon footprint of 9,620,651 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 40.16% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Banco Comercial Portugues's total carbon footprint was Scope 3 emissions, accounting for 99.77% of the company's total carbon footprint, followed by Scope 2 emissions at 0.17%. a

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