Our commitments
We are making a more sustainable future
Thinking about a more sustainable future also means adopting a business strategy that promotes sustainability, establishing the link between finance and the specific needs of the economy for the benefit of the planet and society.
Os nossos objetivos
We base our environmental, social and governance activities on the four strategic pillars of novobanco, defining new objectives for 2026 and 2030.
We therefore want to achieve sustainable performance for all our stakeholders.
We are focused on reducing our negative impact on the environment, so we will ensure:
the reduction of own emissions (scope 1 and 2) by 50% by 2030, versus 2021.
the use of electrical energy entirely from renewable sources, by 2026, at the bank’s facilities.
We will continue to promote the well-being of our employees, which is why we will:
reduce the gender pay gap by function (equal pay), reducing it to below 5% by 2026.
increase engagement among our employees to 65%.
We focus our activity on a sustainable business model based on social values of equity, equal opportunities and gender and environmental values that guide us towards reducing the intensity of CO2 emissions in financing the main sectors of activity with climate impact. Our performance is monitored by the following indicators:
Representation of women in leadership positions to reach 40% by 2026.
Reach 100% in the energy generation, cement and commercial real estate sectors.
Our social dividend model
Based on the ESG axes, we have defined a Social Dividend model for 2022-2024 that incorporates the three dimensions of sustainability - environmental, social and governance- reflecting the way we develop the Sustainable Development Goals (SDGs) Sustainable Development Goals (SDGs). The aim of this model is to encourage the adoption of best sustainability practices and thus position ourselves as an ESG benchmark in Portugal.
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