BAC International Bank, Inc.
BAC International Bank, Inc., commonly referred to as BAC, is a prominent financial institution headquartered in Pennsylvania. Established in 1976, BAC has grown to become a key player in the banking industry, primarily serving Central America and the Caribbean. The bank offers a diverse range of services, including personal and commercial banking, investment solutions, and wealth management, distinguished by its commitment to customer-centric solutions and innovative financial products. With a strong market presence, BAC International Bank has achieved notable milestones, including expanding its operational footprint across several countries. The bank's focus on digital banking and personalised service has positioned it as a trusted partner for individuals and businesses alike, making it a leader in the region's financial landscape.
DitchCarbon Score
How does BAC International Bank, Inc.'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
BAC International Bank, Inc.'s score of 23 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BAC International Bank, Inc.'s reported carbon emissions
In 2023, BAC International Bank, Inc. reported significant carbon emissions across various scopes. The total emissions for the year were approximately 20,000,000 kg CO2e, broken down into Scope 1 emissions of about 7,542,400 kg CO2e, Scope 2 emissions of around 13,018,660 kg CO2e, and Scope 3 emissions totalling approximately 10,298,580 kg CO2e. In the specific region of Panama (PA), BAC's emissions included approximately 1,575,030 kg CO2e for Scope 1, 2,244,000 kg CO2e for Scope 2, and 639,900 kg CO2e for Scope 3. The bank has disclosed emissions data for all three scopes, indicating a comprehensive approach to carbon accounting. Despite the detailed emissions reporting, BAC International Bank, Inc. has not set specific reduction targets or initiatives as part of their climate commitments. This lack of defined reduction strategies may reflect a broader industry context where many financial institutions are still developing their climate action plans. Overall, BAC International Bank, Inc. is actively monitoring its carbon footprint, but further commitments and reduction targets would enhance its climate strategy and align it with global sustainability goals.
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| 2023 | |
|---|---|
| Scope 1 | 7,542,400 |
| Scope 2 | 13,018,660 |
| Scope 3 | 10,298,580 |
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.
BAC International Bank, Inc. is not participating in any 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.
