Direct emissions
3,184
tCO2e
N
NOVO Banco
Explore carbon emissions data for NOVO Banco. Mycelium helps you review reported emissions, disclosure status, Scope 1, Scope 2 and Scope 3 data, climate targets and sustainability information in one company profile.
This profile brings together available carbon emissions data for NOVO Banco, including reported figures, modelled estimates, disclosure documents and sustainability indicators, so you can review its emissions and compare its performance against similar companies. Read how we source and check this data.
Emissions
Carbon emissions
Total yearly emissions across all scopes
6,690,331 tCO2e (Market Based)
Scope 1
tCO2e
3,184
Scope 2 (Market Based)
tCO2e
0
Scope 3 total
tCO2e
6,685,522
Scope 3 reported
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
Provenance
Emissions
Factors
5,287,631
kgCO2e / £M
Supplier specific emission factors (kgCO2e / £M)
Modelled
Reported
Scope 1 + 2
Direct + purchased energy
3,801
3,801
Upstream
+ upstream Scope 3
7,187
7,159
Total
+ all Scope 3
5,287,631
5,287,603
Which figure should I use?
Use Modelled. It is the most complete view: any categories the company hasn't disclosed are filled with industry-typical estimates, so a transparent company isn't unfairly penalised against one that simply hasn't reported.
Reported counts only emissions the company has filed itself. A blank or low Reported cell doesn't mean those emissions don't exist, just that the company hasn't disclosed them.
When Reported sits close to Modelled, that is a positive signal. The company has disclosed most of its salient emissions and there's little gap for the model to fill. Even then, Modelled is the right figure to use for a like-for-like comparison across companies.
Sustainability
Snapshot
Based on reported data, retrieved with AI
- NOVO Banco reported 6,690,331 tCO₂e in 2024.
- Scope 3 accounted for 100% of emissions.
- Reported across 5 of 15 GHG Protocol Scope 3 categories.
- Scope 2 reported under the market based methodology.
According to available emissions disclosures, NOVO Banco reported total yearly emissions of 6,690,331 tCO₂e in 2024. Scope 3 emissions accounted for 100% of reported output, indicating supply chain activity, purchased goods and services, business travel, and wider operational dependencies were the most significant contributors to the company's carbon footprint.
The company achieved a Mycelium Score of 1.8, placing it well below average for its sector for sustainability performance, and received a transparency score of 99.9, an exceptional result, reflecting open disclosure across nearly every key emissions metric.
Total Emissions across all scopes
6,690,331 tCO2e (Market Based)
Scope 1 emissions
Direct emissions from sources the company owns or controls, such as fuel use, facilities and vehicles.
Scope 2 emissions
Indirect emissions from purchased energy, including electricity, heating and cooling.
Location based
1,625
tCO2eMarket based
0
tCO2eScope 3 emissions
Wider value chain emissions across the 15 GHG Protocol categories, from purchased goods and business travel to investments, where reported.
Cat 1
Purchased goods & services
53
tCO2eCat 2
Capital goods
9
tCO2eCat 3
Fuel & energy related activities
9
tCO2eCat 4
Upstream transportation & distribution
9
tCO2eCat 5
Waste generated in operations
15
tCO2eCat 6
Business travel
727
tCO2eCat 7
Employee commuting
3,454
tCO2eCat 8
Upstream leased assets
9
tCO2eCat 9
Downstream transportation & distribution
0
tCO2eCat 10
Processing of sold products
0
tCO2eCat 11
Use of sold products
0
tCO2eCat 12
End-of-life treatment of sold products
0
tCO2eCat 13
Downstream leased assets
0
tCO2eCat 14
Franchises
0
tCO2eCat 15
Investments
6,681,238
tCO2e10 values were derived via Mycelium's normalisation process rather than reported by the company. Cells marked “–” were not disclosed.
Climate targets
Science Based Targets initiative
Near-term target
Targets set (1.5°C), target year 2028
Source: Science Based Targets initiative, Companies Taking Action.
Contact Info
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How scoring works
How the Mycelium Score is calculated
The Mycelium Score is out of 10. Up to 6.5 points reflect carbon intensity vs sector peers (emissions normalised against revenue). The remaining 3.5 reflect data quality: third-party verified, profile claimed by the company, and full disclosure across all reporting categories.
A higher score means lower carbon intensity than sector peers, backed by data that's third-party verified, claimed by the company, and fully disclosed. NOVO Banco's score sits at the top of this page and in the score panel.
How the Transparency Score is calculated
The Transparency Score measures how much of a company's key emissions data is publicly disclosed, graded from A (very high) down to F (very low). Crucially, it weights each gap by how material that bucket is for the company's industry, so an undisclosed category where the bulk of emissions sit hurts far more than a minor one.
NOVO Banco has disclosed the emissions categories that are material for its industry, so there's no single bucket dragging the transparency score down. The breakdown above shows full coverage across the categories that matter most for this kind of company.
Read the full scoring methodology
Our white paper covers exactly how the Mycelium Score and Transparency Score are calculated, including the normalisation process and what earns a 10/10.
Download the white paper (PDF)
NOVO Banco carbon emissions FAQs
What are NOVO Banco's carbon emissions?
In its 2024 reporting year, NOVO Banco disclosed total emissions of 6,690,331 tCO2e across all scopes. Scope 3 accounted for the largest share, around 100% of the total.
Does NOVO Banco report Scope 1, Scope 2 and Scope 3 emissions?
For 2024, NOVO Banco's available disclosure covers Scope 1 (3,184 tCO2e), Scope 2 (0 tCO2e), Scope 3 across 5 of the 15 GHG Protocol categories. Figures not reported by the company are shown as modelled estimates and labelled as such.
How transparent is NOVO Banco's emissions reporting?
NOVO Banco has a Mycelium transparency score of 99.9 out of 100. The score weights each emissions category by how material it is for the company's industry, so it reflects whether the disclosures that matter most have been made.
Is NOVO Banco sustainable?
Mycelium measures sustainability through carbon emissions data rather than giving a yes or no verdict. NOVO Banco has a Mycelium Score of 1.8 out of 10, which reflects its emissions intensity against sector peers together with how transparent and well-verified its reporting is. The emissions figures, disclosure documents and climate targets on this page give the fuller picture.
Is NOVO Banco environmentally friendly?
Carbon emissions are one measurable part of environmental impact, and the part Mycelium tracks. NOVO Banco disclosed 6,690,331 tCO2e for 2024, and its Mycelium Score of 1.8 out of 10 shows how that performance compares with similar companies in its sector.
Learn more about our methodology and where this data comes from.
