Security Bank Corporation
Security Bank Corporation, commonly referred to as Security Bank, is a prominent financial institution headquartered in the Philippines. Established in 1948, the bank has grown to become a key player in the Philippine banking industry, with a strong presence in major operational regions across the country. Specialising in a range of services, Security Bank offers personal and corporate banking, investment services, and treasury management. Its commitment to innovation and customer service sets it apart, particularly with unique products like its digital banking solutions. Over the years, Security Bank has achieved significant milestones, including recognition for its financial stability and customer satisfaction. With a solid market position, Security Bank continues to be a trusted partner for individuals and businesses alike, reflecting its dedication to excellence in the banking sector.
DitchCarbon Score
How does Security Bank Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Security Bank Corporation's score of 17 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Security Bank Corporation's reported carbon emissions
In 2021, Security Bank Corporation reported total carbon emissions of approximately 10,300,000 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. This marked a decrease from 2020, when emissions were about 9,600,000 kg CO2e, also solely from Scope 2. In 2019, the bank's emissions were significantly higher at around 11,700,000 kg CO2e, with 100,000 kg CO2e from Scope 1 emissions. Despite these figures, Security Bank Corporation has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or Science-Based Targets Initiative (SBTi) commitments suggests that the bank may still be in the early stages of formalising its climate strategy. Overall, while Security Bank Corporation has shown a trend of decreasing emissions over the years, further commitments and transparency regarding their climate action plans would enhance their sustainability profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 100,000 | - | - |
| Scope 2 | 11,700,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Security Bank Corporation is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
