Potential offtaker

Caixa Geral de Depósitos


Estimated electricity consumption


Countries of production presence


Caixa Geral de Depósitos (CGD) is a Portuguese bank that operates in the banking sector. It is the largest bank in Portugal and one of the largest in Europe. The bank has a long history, dating back to 1876, and has played a key role in the development of the Portuguese economy.

In recent years, CGD has been focused on decarbonisation and reducing its carbon footprint. The bank has recognised the importance of sustainability and has made a commitment to reduce its carbon emissions. The bank has set a target to reduce its carbon emissions by 50% by 2030, compared to its 2018 levels.

One of the ways that CGD is working towards decarbonisation is through its corporate energy strategy. The bank is investing in renewable energy sources, such as solar and wind power, to reduce its reliance on fossil fuels. CGD is also exploring the use of energy-efficient technologies, such as LED lighting and smart building management systems, to reduce its energy consumption.

Another key part of CGD's decarbonisation strategy is its use of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for the energy produced. CGD has signed several PPAs with renewable energy providers, which will enable the bank to source a significant portion of its energy from renewable sources.

CGD is also working to promote renewable energy in Portugal. The bank has invested in several renewable energy projects, including wind farms and solar power plants. These projects will not only help to reduce the bank's carbon footprint but will also contribute to the development of the Portuguese renewable energy sector.

In addition to its decarbonisation efforts, CGD is also committed to corporate social responsibility. The bank has a strong focus on ethical and sustainable business practices and is committed to supporting the communities in which it operates. CGD has implemented several initiatives to support social and environmental causes, including supporting local charities and promoting sustainable business practices.

Overall, CGD is a leader in the banking sector when it comes to sustainability and decarbonisation. The bank has recognised the importance of reducing its carbon footprint and is taking significant steps to achieve this goal. Through its corporate energy strategy, use of corporate PPAs, and investment in renewable energy projects, CGD is demonstrating its commitment to a sustainable future.