The Greenhouse Gas (GHG) Emissions Inventory involves the measurement and publication of Banco do Brasil’s (BB) greenhouse gas emissions. The Inventory is based on the GHG Protocol Program methodology, adapted to the Brazilian context by Fundação Getulio Vargas’s (FGV) Center for Sustainability Studies (GVces) part of its Business Administration School of São Paulo (FGV EAESP), with support from the Brazilian Business Council for Sustainable Development (CEBDS), the Ministry of the Environment (MMA), the World Resources Institute (WRI), the World Business Council for Sustainable Development (WBCSD) and 27 founding companies, including BB.

Since 2008 we have conducted our Inventory and published it on the website www.registropublicodeemissoes.com.br, with the current inventory referring to the base year of 2018. Emissions management is carried out in accordance with our General Policy and the Socio-Environmental Responsibility Policy. This reinforces our actions, which consider the interests of stakeholders in the promotion of initiatives aimed at reducing risks and at taking advantage of opportunities related to socio-environmental issues, including climate change.

The Inventory follows the principle of continuous improvement of our Environmental Management System (EMS) and has been progressing over the last few years. To ensure its reliability, we hire a company specializing in environmental audits to carry out the external verification of the Inventory, according to ISO 14064:3-2007 and the GHG Protocol methodology. The basic data for the Inventory’s GHG emissions calculations are primarily obtained from our systems, especially from the applications for control of administrative expenses and human resources management, through direct requests to the responsible areas.

It is worth emphasizing that we are founding members of the Business for the Climate (EPC – Empresas pelo Clima) Platform and the Brazilian GHG Protocol Program, both of which were designed to reflect on and propose actions to combat climate change. We also participate in the Thematic Climate Change Chamber (CT Clima), an initiative coordinated by CEBDS with the purpose of helping companies to adopt strategies to take advantage of opportunities and minimize risks and restrictions from GHG emissions.

Methodology and Results

Our GHG Emissions Inventory follows the Operational Control approach and represents our more than 5,000 dependencies across Brazil, including retail, wholesale and government branches, regional units and strategic units. It accounts for GHG emissions from three scopes, with the sources defined as follows:

  • In Scope 1, we account for the tons of CO2 equivalents (tCO2e) emitted by our direct fuel consumption activities (mobile combustion – vehicle fleet, stationary combustion – fuel for electricity generators) and fugitive emissions (refrigerant gases and fire extinguishers);
  • In Scope 2, we account for the tons of CO2 equivalents (tCO2e) that we emit through electricity consumption. At our dependencies we use electricity purchased from the National Interconnected System (SIN), which supplies electricity from different sources, from hydroelectric to thermoelectric (non-renewable), a situation that significantly interferes with the annual carbon equivalent conversion factor; and
  • In Scope 3, we account for the tons of CO2 equivalents (tCO2e) that we emit from transportation and distribution – upstream (shared transportation of mailbags and cash), solid waste from our operations (paper purchased), effluents generated by our operations (water consumption), business travel (air and land travel), transportation and distribution (downstream) and employee commuting (home-work).

Scope

Emissions Source

2018 (1)

2017

2016

Escopo 1

 

22,347 tCO2e

11,784 tCO2e

10,832 tCO2e

Mobile Combustion (own vehicle fleet)

3,296 tCO2e

3,693 tCO2e

3,939 tCO2e

Ethanol – 579,000 liters

Ethanol – 420,000 liters

Ethanol – 525,000 liters

Gasoline – 1.8 million liters

Gasoline – 2.1 million liters

Gasoline – 2.2 million liters

Diesel – 78,000 liters

Diesel – 61,000 liters

Diesel – 62,000 liters

Stationary Combustion (electricity generators)

674.45 tCO2e

857.7 tCO2e

975 tCO2e

Diesel – 281,000 liters

Diesel – 351,000 liters

Diesel – 398,000 liters

Fugitive Emissions (refrigerant gases and gases from fire extinguishers)

18,376 tCO2e

7,232 tCO2e

5,919 tCO2e

Biogenic

1,686 tCO2e

1,554 tCO2e

1,764 tCO2e

Scope 2

Purchased Electricity

43,721 tCO2e

55,562 tCO2e

57,559 tCO2e

598 million kWh

609 million kWh

704 million kWh

Scope 3

 

66,314 tCO2e

71,841 tCO2e

85,240 tCO2e

Transport and Distribution (upstream)

TCM – 19.8 million km

TCM – 25.7 million km

TCM – 29 million km

Cash Transport – diesel 12.4 million liters

Cash Transport – diesel – 15.8 million liters

Cash Transport – diesel – 17 million liters

Solid Waste from Operations

Paper Consumption – 4,847 tons

Paper Consumption – 3,061 tons

Paper Consumption – 6,082 tons

Effluents Generated by Operations

1.3 million m3

1.4 million m3

1.5 million m3

Business Travel

5,618 tCO2e

6,369 tCO2e

6,938 tCO2e

80,093 Flight Legs(2)

52,484 Flight Tickets

38,504 Flight Tickets

Land Transport – 12.5 million km

Land Transport – 12.6 million km

Land Transport – 12.6 million km

Transport and Distribution (downstream)

Diesel – 149,000 liters

Diesel – 206,000 liters

Diesel – 142,000 liters

Employee Commuting (home-work)

6.6 million km

4.6 million km

3.3 million km

Biogenic

5,711 tCO2e

5,852 tCO2e

5,379 tCO2e

(1) Data from the Greenhouse Gas (GHG) Emissions Inventory 2018 were verified by Green Domus Desenvolvimento Sustentável Ltda.
(2) The increase is due to a change in the calculation methodology, which now considers the connections (legs) of each flight ticket.

We calculate two Carbon Emission Intensity Indicators, which are expressed by the total quotient of GHG emissions (scopes 1 and 2) by gross revenue and by the number of employees, as shown in the tables below.

BB’s Carbon Emission Intensity – Revenue

2018

2017

2016

GHG Emissions (Scope 1 and 2) (tCO2e)

66,068 tCO2e

67,345 tCO2e

68,391 tCO2e

Gross Revenue (R$ thousand)

161,092,555

168,380,273

184,321,282

Emission Intensity (tCO2e/R$ thousand)

0.00041

0.00039

0.00037

BB’s Carbon Emission Intensity – Employees

2018

2017

2016

GHG Emissions (Scope 1 and 2) (tCO2e)

66,068 tCO2e

67,345 tCO2e

68,391 tCO2e

Number of Employees

96,889 (1)

99,161 (1)

100,659 (2)

Emission Intensity (tCO2e/employee)

0.682

0.67915

0.67943

(1) Only the number of employees contracted under the CLT labor laws was considered.
(2) The numbers of employees considers those contracted under the CLT labor laws (100,622) and statutory employees (37).

According to the GHG methodology, for the purposes of emission calculations we consider the gases listed in the following table:

Gases included in the GHG Emissions calculations

CO2

CH4

N2O

HFCs

PFCs

SF6

NF3

The sources of the GWP factors used in the Inventory are based on those indicated by the GHG Protocol methodology. Our direct targets related to climate change impacts are expressed indirectly by controlling expenditure on fuels (Scope 1 emission sources), as well as having a specific targets for energy consumption (Scope 2 emission source) in the Ecological Footprint Index (IPE – Índice Pegada Ecológica), which evaluates all of our dependencies.

Analysis

By comparing our direct GHG emissions (Scopes 1 and 2) in 2018 with the previous year, we can see a reduction of 1.9%, from 67,346 tCO2e to 66,068 tCO2e, thanks to the actions of our EMS. In addition to the reduction in direct emissions, in 2018 there was also a reduction of 7.69% in Scope 3 emissions, from 71,841 tCO2e in 2017 to 66,314 tCO2e in 2018.

Scope 1

Overall, Scope 1 emissions increased by 89.64% due to changes to the information on types of air-conditioning equipment and calculations of the volume of installed refrigerant gas, as well as the inclusion of emissions from fire extinguishers. This caused the number of tonnes of carbon equivalent to increase by 154.07% in 2018, from 7,233 tCO2e in 2017 to 18,376 tCO2e.

On the other hand, we reduced fuel consumption, which represented a 12.75% emissions reduction, meaning that those emissions linked to mobile and stationary combustion fell from 4,551 tCO2e in 2017 to 3,970 tCO2e in 2018. In the last year, diesel consumption by electricity generators decreased by 19.9%. BB’s own vehicle fleet saw a total reduction of 4.8% in fuel use.

The reduction in fuel combustion emissions was achieved, among other things, by establishing clauses in contracts with the suppliers of our vehicle fleet requiring eco-efficient models with flex-fuel motors that allow the use of ethanol, which is less polluting and comes from a renewable source. In addition, we are constantly reviewing our transportation model to generate cost reductions and reduce environmental impacts. One example is the use of taxis via apps: in addition to allowing transport sharing by up to four employees, which results in a reduction in the use of motor vehicles, the mechanism also has a system for reporting the environmental impacts of the journeys made and informs the number of trees to be planted to offset the impact, as well as the financial cost of offsetting.

Scope 2

Scope 2 emissions corresponded to 43,721 tCO2e in 2018, down 21.31% compared to 2017 (55,562 tCO2e). Our electricity consumption fell by 1.81% from 609,074 MWh in 2017 to 598,393 MWh in 2018.

This reduction is due to the actions included in the Electricity Consumption Rationalization Program (Procen), such as internal awareness-raising initiatives and adaptation of the operating periods for lighting and air conditioning systems.

We also stipulated the following measures to achieve greater energy efficiency throughout the year:

  • Strict observance of the times for switching on and off air-conditioning units, since these systems are responsible for 60% of our energy consumption;
  • Set the air conditioning system to 23°C to meet current Brazilian standards;
  • Replace fluorescent lamps with LED lamps for lighting;
  • Periodically check that the lighting and air-conditioning system timers for self-service areas are functioning correctly;
  • Switch off printers, stabilizers, computers and monitors at the end of the working day;
  • Turn off the lights of places that are not being used and places with good natural lighting;
  • On cold days, use only the ventilation function of the air conditioning system; and
  • Communication actions through BB's internal channels for energy rationalization and campaigns for Responsible Energy Use and to eliminate the charging of fines on electricity bills (Campanha Multa Zero – Zero Fine Campaign).

Scope 3

In addition to the reduction in direct emissions, in 2018 there was a reduction of 7.69% in Scope 3 emissions, from 71,841 tCO2e in 2017 to 66,314 tCO2e in 2018.

This decrease was mainly due to transportation and distribution – upstream items (-25.20%), which included shared transport of mailbags (-46.30%) and cash transport (-22.82%); business trips (-11.79%); and transportation and distribution – downstream (-28.77%).

It is emphasized that the effort to rationalize air travel is a constant challenge for us. We encourage the use of our 670 audio and video conference rooms located in dependencies in all units of the Federation and abroad.