Banco Bolivariano Sustainability Profile
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.
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 Bolivariano's score of 29 is lower than 52% 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 Bolivariano's reported carbon emissions
In 2022, Banco Bolivariano reported total carbon emissions of approximately 2,803,500 kg CO2e. This figure includes Scope 1 emissions of about 809,200 kg CO2e, Scope 2 emissions of around 1,048,400 kg CO2e, and Scope 3 emissions totalling approximately 945,800 kg CO2e. In comparison, the bank's emissions for 2021 were about 2,655,700 kg CO2e, with Scope 1 at approximately 600,900 kg CO2e, Scope 2 at around 1,140,900 kg CO2e, and Scope 3 at about 913,900 kg CO2e. Despite these figures, Banco Bolivariano has not set specific reduction targets or initiatives as part of its climate commitments. The bank's emissions data is not cascaded from any parent organisation, indicating that it operates independently in its reporting and sustainability efforts. Overall, while Banco Bolivariano has made strides in tracking its emissions, it currently lacks defined reduction strategies or commitments to further mitigate its carbon footprint.
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| 2021 | 2022 | |
|---|---|---|
| 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?
How Carbon Intensive is Banco Bolivariano's Location?
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.
