BAC International Bank, Inc. Sustainability Profile
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 29 is lower than 53% 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. This figure 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 emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. BAC International Bank has set ambitious reduction targets, aiming for a 71% reduction in emissions intensity for both Scope 1 and Scope 2 by 2030, starting from a baseline established in 2022. Additionally, the bank is working towards improving data quality for its Business Banking portfolio, with a long-term goal of achieving net-zero emissions by 2050. The bank's commitment to climate action is reflected in its proactive approach to managing emissions and enhancing data accuracy, which is crucial for effective climate strategy implementation.
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| 2023 | |
|---|---|
| Scope 1 | 7,645,920 |
| Scope 2 | 13,017,690 |
| Scope 3 | 10,619,010 |
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BAC International Bank, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
BAC International Bank, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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