Banco Comercial Portugues SA

Common Name

Banco Comercial Portugues

Country

Portugal

Sector

Financial Services

Industry

Banks - Regional

Employees

15,716

Ticker

BCP

Exchange

EURONEXT

Website

www.millenniumbcp.pt

Description

Banco Comercial Português S.A., commonly known as Millennium BCP, is a significant financial institution operating mainly in Portugal. As a commercial bank, its primary function is to provide a compre... Show more

Banco Comercial Portugues's GHG Emissions Data Preview

In 2023, 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 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)	2024	2023	2022	2021 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Market-Based Indirect emissions from purchased energy calculated using the market-based method, which reflects contractual instruments such as supplier-specific emission factors or renewable energy certificates (RECs).	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Location-Based Indirect emissions from purchased energy calculated using the location-based method, which reflects average emission factors of the local grid.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Unspecified Calculation Method Indirect emissions from purchased energy where the company did not specify a location-based or market-based accounting method.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Categories of Scope 3 (2 categories)
Business Travel (Cat. 6) Emissions from business-related travel by employees, such as air travel, car rentals, and accommodations.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Employee Commuting (Cat. 7) Emissions from employee commuting between their homes and their worksites, including personal and public transport.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Banco Comercial Portugues's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Banco Comercial Portugues amounted to 10,958 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Banco Comercial Portugues decreased by 11%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Banco Comercial Portugues's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Banco Comercial Portugues's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Banco Comercial Portugues were 5,202 metric tons of CO₂ equivalent (tCO₂e).

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

Since 2018, Banco Comercial Portugues's Scope 1 emissions have decreased by 47.57%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Banco Comercial Portugues's Scope 1 emissions increased by 14.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Banco Comercial Portugues's Scope 2 emissions?

In 2023, Banco Comercial Portugues reported Scope 2 greenhouse gas (GHG) emissions of 5,756 tCO₂e using the market-based method.

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

Compared to the previous year (2022), Banco Comercial Portugues's Scope 2 emissions (Market-Based) fell by 25.91% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

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

In 2023, Banco Comercial Portugues reported its Scope 2 emissions using the market-based method.

Banco Comercial Portugues's Scope 2 Emissions Over Time

Total Scope 2 Market-Based
Total Scope 2 (Unspecified Calculation Method)

Insights into Banco Comercial Portugues's Value Chain Emissions

In 2023, Banco Comercial Portugues reported 59,244 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Banco Comercial Portugues includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Banco Comercial Portugues's Scope 3 Emissions Over Time

Total Scope 3
Year-over-Year Change

What are Banco Comercial Portugues's Scope 3 emissions?

In 2023, Banco Comercial Portugues reported total Scope 3 emissions of 59,244 metric tons of CO₂ equivalent (tCO₂e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

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

Since 2018, Banco Comercial Portugues's Scope 3 emissions have increased by 5,056.14%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Banco Comercial Portugues's Scope 3 emissions decreased by 17.02%, highlighting the company's efforts to lower indirect emissions from its value chain.

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

In 2023, Banco Comercial Portugues reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

In 2023, the largest contributors to Banco Comercial Portugues's Scope 3 emissions were:

Business Travel (Cat. 6): 856 tCO₂e (100%)

Banco Comercial Portugues's Scope 3 Emissions by Categories

Insights into Banco Comercial Portugues's Total Carbon Footprint

In 2023, Banco Comercial Portugues reported a total carbon footprint of 70,202 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.13% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Banco Comercial Portugues's total carbon footprint was Scope 3 emissions, accounting for 84.39% of the company's total carbon footprint, followed by Scope 2 emissions at 8.2%.

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