SuStainability report - SocialFunds.com

Additional Contents 2008Inventory and compensationof Greenhouse Gas (GHG)EmissionsIn 2006, when Bradesco created the CarbonCompensation Program, it startedmonitoring the greenhouse gas (GHG)emissions deriving from its activities andseeking different ways of reducing andcompensating for them.One of the initiatives was to be ISO14064 certified. We verified the emissionsof Bradesco’s headquarters in Cidade deDeus, Osasco (SP), where there are approximately11 thousand employees. Thestudy took approximately five monthsand was concluded in March 2007.The inventory concluded that activitiesat the administrative office produced22,777 tonnes of CO2 in 2006. As aresult, in order to compensate for theemissions, we opted to contribute tothe reforestation of the Atlantic Rainforest.In partnership with Fundação SOSMata Atlântica, we planted 38 thousandtrees in the city of Resende, Rio de JaneiroState.In 2007, the inventory encompassed theentire Organization: the Osasco headquartersas well as other administrativecenters and buildings, branches, and associatedcompanies. We only excludedthe international subsidiaries such asBradesco Argentina, Bradesco Securities,Bradesco Luxembourg, the NewYork and Grand Cayman branches, BradescoService Co., Bradesco ArgentinaSeguros and Bradesco InternationalHealth Service.The reforesting actions resulted in38,057 trees planted in 2007 and 315,035in 2008.The inventory of the entire Organizationconcluded that emissions totaled 217,110.49tonnes of carbon in 2007. In 2008, emissionstotaled 158,875.61 tonnes.ISO 14064 StandardISO 14064 was created in 2006 to certifythat all quantification, monitoring andverification of greenhouse gas emissionsare observed by the companies. One of themain reasons is climate change, a challengethat the planet is already facing. ISO14064 assists in emissions control.Among the certification benefits are:Provide guidelines for reporting to theCarbon Disclosure Project and reportingthe institution’s climate change policy.Provide technical support for carboncompensation projects.Develop a performance indicator to complywith GRI (Global Report Initiative),DJSI (Dow Jones Sustainability Indexes),ISE Bovespa and CDP (Carbon DisclosureProject) requirements.Have an accurate knowledge of theemissions associated with Bradesco’s activitiesand identify opportunities to reduceemissions.Quantify future emissions from new investmentsand Bradesco’s organic growth.Guide the Organization’s eco-efficiencyprojects.NBR ISO 14064The Brazilian Committee of EnvironmentalManagement, together with theClimate Change Research Commission,120Back