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 79% 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 Scope 1 amounted to approximately 7,542,400 kg CO2e, while Scope 2 emissions reached about 13,018,660 kg CO2e. Scope 3 emissions were also substantial, totalling approximately 10,298,580 kg CO2e, with notable contributions from capital goods (about 3,682,190 kg CO2e) and employee commute (approximately 1,575,030 kg CO2e). In the context of their operations in Panama (PA), BAC International Bank, Inc. recorded Scope 1 emissions of about 1,575,030 kg CO2e, Scope 2 emissions of approximately 2,244,000 kg CO2e, and Scope 3 emissions of around 639,900 kg CO2e. Despite the extensive emissions data, BAC International Bank, Inc. has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further engagement in climate action and sustainability practices within the banking sector.
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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.
