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 26 is lower than 51% 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 total carbon emissions of approximately 32,931,270 kg CO2e, which includes Scope 1 emissions of about 7,645,920 kg CO2e, Scope 2 emissions of approximately 13,017,690 kg CO2e, and Scope 3 emissions of around 10,619,010 kg CO2e. The bank's revenue for the same year was approximately USD 2,336,730,600. BAC has set ambitious reduction targets for its carbon emissions. For Scope 1 and Scope 2 emissions, the bank aims for a 71% reduction in emissions intensity from power generation by 2030, starting from a baseline of 0.357 tCO2e/MWh. Additionally, BAC is working on improving data quality for its Business Banking portfolio, with a long-term goal of achieving better measurement and management of emissions by 2050. The bank's commitment to climate action is evident in its structured approach to managing emissions across all scopes, although specific targets under the Science Based Targets initiative (SBTi) have not been disclosed. BAC's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced.
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| 2023 | |
|---|---|
| Scope 1 | 7,645,920 |
| Scope 2 | 13,017,690 |
| Scope 3 | 10,619,010 |
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.
