Banco Pichincha
Banco Pichincha, officially known as Banco Pichincha C.A., is a prominent financial institution headquartered in Ecuador (EC). Established in 1906, it has grown to become one of the largest banks in the country, with a significant presence in various regions across Latin America. The bank operates primarily in the banking and financial services industry, offering a diverse range of products including personal and business loans, savings accounts, and investment services. What sets Banco Pichincha apart is its commitment to innovation and customer service, making it a trusted choice for individuals and businesses alike. Over the years, the bank has achieved notable milestones, including expanding its operations internationally and embracing digital banking solutions. With a strong market position, Banco Pichincha continues to play a vital role in the economic development of Ecuador and beyond.
DitchCarbon Score
How does Banco Pichincha'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
Banco Pichincha's score of 33 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Pichincha's reported carbon emissions
In 2022, Banco Pichincha reported total carbon emissions of approximately 3,614,350 kg CO2e. This figure includes 238,450 kg CO2e from Scope 1 emissions and 2,507,270 kg CO2e from Scope 2 emissions. Notably, the bank has not disclosed any Scope 3 emissions data. Comparatively, in 2017, the bank's emissions were significantly lower, with Scope 2 emissions reported at about 6,935.85 kg CO2e. This indicates a substantial increase in emissions over the five-year period, highlighting the need for enhanced climate action. Currently, Banco Pichincha has not set any specific reduction targets or initiatives, nor have they committed to any climate pledges. The emissions data is cascaded from its parent company, Banco Pichincha C.A., which is the source of the reported figures. As a current subsidiary, Banco Pichincha is positioned within a corporate family that may influence its climate strategies in the future. However, without explicit targets or commitments, the bank's approach to managing its carbon footprint remains unclear.
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| 2017 | 2022 | |
|---|---|---|
| Scope 1 | - | 000,000 |
| Scope 2 | 6,935.85 | 0,000,000 |
| 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.
Banco Pichincha is participating in some of the initiatives that 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.
