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 35 is higher than 84% 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 1,357,350 kg CO2e, comprising 238,450 kg CO2e from Scope 1, 2,507,270 kg CO2e from Scope 2, and 868,630 kg CO2e from Scope 3 emissions. The bank has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. In previous years, emissions varied significantly, with Scope 1 emissions peaking at 5,590,760 kg CO2e in 2017 and Scope 2 emissions reaching 8,474,000 kg CO2e in 2014. The bank's emissions profile indicates a focus on managing both direct and indirect emissions, with Scope 3 emissions reflecting significant contributions from business travel and employee commuting. Banco Pichincha's climate commitments remain somewhat vague, lacking specific reduction targets or pledges. However, the bank's ongoing efforts to monitor and report emissions demonstrate a recognition of the importance of addressing climate change within the financial sector.
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| 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 130,390 | 000,000 | 0,000,000 | 00,000 | 00,000 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 8,474,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
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.
