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Public Profile
Financial Intermediation
EC
updated 2 months ago

Banco Bolivariano Sustainability Profile

Company website

Banco Bolivariano, officially known as Banco Bolivariano S.A., is a prominent financial institution headquartered in Ecuador (EC). Established in 1994, the bank has made significant strides in the Ecuadorian banking sector, focusing on retail banking, corporate finance, and microfinance services. With a strong presence in major operational regions across the country, Banco Bolivariano is dedicated to providing innovative financial solutions tailored to meet the diverse needs of its clients. The bank offers a range of core products, including savings accounts, loans, and investment services, distinguished by their customer-centric approach and competitive interest rates. Recognised for its commitment to financial inclusion, Banco Bolivariano has achieved notable milestones, positioning itself as a trusted partner for individuals and businesses alike in Ecuador's evolving financial landscape.

DitchCarbon Score

How does Banco Bolivariano'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.

29

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.

32

Industry Benchmark

Banco Bolivariano'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.

48%

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Banco Bolivariano's reported carbon emissions

In 2022, Banco Bolivariano reported total carbon emissions of approximately 2,803,500 kg CO2e. This total comprises Scope 1 emissions of about 809,200 kg CO2e, Scope 2 emissions of approximately 1,048,400 kg CO2e, and Scope 3 emissions of around 945,800 kg CO2e. In comparison, the bank's total emissions for 2021 were approximately 2,655,700 kg CO2e, indicating a slight increase in emissions year-on-year. Banco Bolivariano has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organisation, and all reported figures are directly attributed to Banco Bolivariano C.A. The bank's commitment to sustainability is reflected in its operational practices, although specific climate pledges or reduction initiatives have not been disclosed. As the financial sector increasingly focuses on climate impact, Banco Bolivariano's emissions data highlights the importance of ongoing monitoring and potential future commitments to reduce its carbon footprint.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20212022
Scope 1
600,900
000,000
Scope 2
1,140,900
0,000,000
Scope 3
913,900
000,000

How Carbon Intensive is Banco Bolivariano's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banco Bolivariano's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Banco Bolivariano's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Banco Bolivariano is in EC, which has a medium grid carbon intensity relative to other regions.

Banco Bolivariano'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 Bolivariano 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Banco Bolivariano's Emissions with Industry Peers

Banco Guayaquil

EC
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Banco Internacional

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 months ago
DitchCarbon Score

Banco de la Producción S.A. Produbanco

EC
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 months ago

Citibank, N.A.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 months ago

BBVA USA Bancshares, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 months ago

Wells Fargo Bank, National Association

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 months ago

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Where does DitchCarbon data come from?

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