Potential offtaker

Banco Comercial Portugues, S.A. (BCP)

www.millenniumbcp.pt

Estimated electricity consumption

N/A

Countries of production presence

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BANCO COMERCIAL PORTUGUES-R is a leading financial institution in Portugal that operates in the retail banking sector. The bank was founded in 1864 and has since grown to become one of the largest banks in the country. BANCO COMERCIAL PORTUGUES-R is committed to providing its customers with innovative financial solutions that meet their needs and help them achieve their goals.

One of the key areas of focus for BANCO COMERCIAL PORTUGUES-R is decarbonisation. The bank recognises the urgent need to reduce carbon emissions and mitigate the effects of climate change. To this end, the bank has implemented a number of initiatives aimed at reducing its own carbon footprint and supporting its customers in their efforts to transition to a low-carbon economy.

One of the ways in which BANCO COMERCIAL PORTUGUES-R is working to reduce its carbon footprint is through the implementation of corporate energy initiatives. The bank has invested in energy-efficient technologies and practices across its operations, including in its branches and offices. This has helped the bank to reduce its energy consumption and associated carbon emissions.

In addition to reducing its own carbon footprint, BANCO COMERCIAL PORTUGUES-R is also supporting the transition to a low-carbon economy through the use of corporate power purchase agreements (PPAs). PPAs allow companies to purchase renewable energy directly from generators, thereby supporting the development of new renewable energy projects. BANCO COMERCIAL PORTUGUES-R has entered into several corporate PPAs, which have helped to increase the share of renewable energy in its energy mix.

Renewable energy is also a key focus area for BANCO COMERCIAL PORTUGUES-R in its lending activities. The bank has developed a range of financing solutions to support the development of renewable energy projects, including solar, wind, and hydroelectric projects. This has helped to increase the availability of renewable energy in Portugal and support the country's transition to a low-carbon economy.

BANCO COMERCIAL PORTUGUES-R is also working to promote sustainable finance more broadly. The bank has developed a range of sustainable finance products and services, including green bonds and sustainability-linked loans. These products are designed to support companies and projects that are aligned with the bank's sustainability goals, including decarbonisation and the transition to a low-carbon economy.

In addition to its sustainability initiatives, BANCO COMERCIAL PORTUGUES-R is also committed to providing its customers with innovative financial solutions that meet their needs. The bank offers a range of retail banking products and services, including savings accounts, loans, and credit cards. The bank also has a strong focus on digital banking, with a range of online and mobile banking services that make it easy for customers to manage their finances on the go.

BANCO COMERCIAL PORTUGUES-R has a strong reputation for customer service and has won several awards for its retail banking offerings. The bank has a large network of branches and ATMs across Portugal, making it easy for customers to access its products and services.

In conclusion, BANCO COMERCIAL PORTUGUES-R is a leading financial institution in Portugal that operates in the retail banking sector. The bank is committed to sustainability and has implemented a range of initiatives aimed at reducing its own carbon footprint and supporting the transition to a low-carbon economy. These initiatives include the use of corporate energy, corporate PPAs, and financing solutions for renewable energy projects. BANCO COMERCIAL PORTUGUES-R is also committed to providing its customers with innovative financial solutions that meet their needs, and has a strong reputation for customer service.

✓ Declared Net Zero commitment