The story our people and stakeholders continue to write for the future of generations, guided by the hope of a new era of solidarity and global collaboration.
180 years of stories — and many more yet to be told — of people and families, businesses, social economy entities and communities who, alongside us, have shaped the purpose of this long journey and have also stood as witnesses to a vision of future and prosperity shaped by each moment in time.
Manuel Ferreira Teixeira
Chairman of the Board of Directors
Pedro Leitão
Chief Executive OfficerManuel Ferreira Teixeira
Chairman of the Board of DirectorsPedro Leitão
Chief Executive OfficerIn 2024, in anticipation of regulatory requirements such as the CSRD, Banco Montepio Group conducted its first double materiality assessment, in accordance with the guidelines developed by EFRAG.
The concept of double materiality considers two complementary dimensions of materiality:
A double materiality assessment enables us to identify the most relevant material topics for our activity and stakeholders, as well as to assess sustainability-related impacts, risks, and opportunities (IROs) across the value chain.
IROs assessed, from which emerged:
Impacts
Risks and Opportunities
We acknowledge that our operations may have environmental implications. As such, we are progressively integrating environmental considerations into our activities across the value chain.
In 2024, we strengthened the calculation of our carbon footprint by expanding its scope to encompass the entire Banco Montepio Group and by refining the methodologies applied.
2045
0.6%
32% increase vs. 20232,326,561
tCO2e96%
€14,261 million total exposure1,292
tCO2e (0.1%) Scope 11,061
tCO2e (<0.1%) Scope 22,324,208
tCO2e (99.9%) Scope 3343,000
the equivalent of 1,716 kg of plastic1,796
as a result of recycling effortsWe strive to build a workplace that reflects the diverse communities we serve, promoting equality, diversity, and inclusion as key drivers of shared success.
*Pay ratio calculated based on the average annual remuneration of women relative to the average annual remuneration of men, for each professional category
50%
38%
WEPs Leader88%
*Pay ratio calculated based on the average annual remuneration of women over the average annual remuneration of men, for each professional category
We are recognised as a trusted partner of Social and Solidarity Economy entities, supporting them in fulfilling their mission and contributing to social sustainability. At Banco Montepio, we provide a business area fully dedicated to the Social Economy, with specialised teams that understand the sector’s specificities and foster its development across the country.
We monitor socio-economic developments and leverage our financial performance to invest in strong, lasting relationships with our stakeholders.
We achieved a record net profit result, driven by the growth of the financial margin and operational efficiency, which offset adverse effects and reflected the strength of our business model and the resilience of the strategy implemented.
*Investment Grade corresponds to the "highest level within the investment category"
110 M€
+287% vs. 202319.3%
0.5% increase vs. 202316.1%
*Investment Grade corresponds to the "highest level within the investment category"
In 2024, we reinforced our methodology for measuring our Social Impact, based on the Theory of Change, to better assess and transparently communicate the value created. Through this methodology, we monitor the instruments that promote access to financial resources and sustain our contribution to the communities where we operate.
Our approach is based on three core focus areas:
725 M€
Total invested in social value initiatives in 2024285 M€
in credit granted to Social Economy Entities with a social purpose434 M€
29% granted to young people under the age of 355.7 M€
Includes €1.5M in the Impact Innovation Fund, where we hold an advisory seat
