Banco Bci Sustainability Profile
Banco Bci, officially known as Banco de Crédito e Inversiones, is a prominent financial institution headquartered in Santiago, Chile. Established in 1937, it has grown to become a key player in the banking sector, serving a diverse clientele across the country and in various international markets. Specialising in retail banking, corporate finance, and investment services, Banco Bci offers a comprehensive range of products, including personal loans, mortgages, and credit cards. Its commitment to innovation and customer service distinguishes it from competitors, making it a preferred choice for many Chileans. With a strong market position, Banco Bci has received numerous accolades for its financial performance and customer satisfaction, solidifying its reputation as a reliable banking partner in the region.
DitchCarbon Score
How does Banco Bci'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 Bci's score of 32 is higher than 54% 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 Bci's reported carbon emissions
In 2023, Banco Bci reported total carbon emissions of approximately 13,365,000 kg CO2e. This figure includes 395,000 kg CO2e from Scope 1 emissions, which consist of direct emissions from owned or controlled sources, and 2,403,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of emissions, about 10,567,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions, including business travel (1,156,000 kg CO2e) and employee commuting (8,096,000 kg CO2e). Comparatively, in 2022, the bank's total emissions were approximately 13,117,000 kg CO2e, indicating a slight increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at 599,000 kg CO2e, Scope 2 emissions at 3,758,000 kg CO2e, and Scope 3 emissions at 8,759,000 kg CO2e. Banco Bci is a current subsidiary of Banco de Crédito e Inversiones, and its emissions data is cascaded from this parent organization. However, there are currently no specific reduction targets or climate pledges reported by Banco Bci, which may reflect broader industry trends where financial institutions are increasingly scrutinised for their environmental impact but may not yet have formalised reduction commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 941,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,987,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 12,897,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Banco Bci's Industry?
How Carbon Intensive is Banco Bci's Location?
Banco Bci's Scope 3 Categories Breakdown
Banco Bci's Scope 3 emissions, which increased by 21% last year and decreased by approximately 18% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 77% of Scope 3 emissions.
Top Scope 3 Categories
Banco Bci'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.
Banco Bci 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.
