Banco de América Central, S.A. Sustainability Profile
Banco de América Central, S.A. (BAC Credomatic) is a prominent financial institution headquartered in San Salvador, El Salvador. Established in 1952, the bank has grown to become a key player in the Central American banking sector, with a strong presence in countries such as Guatemala, Honduras, Nicaragua, Costa Rica, and Panama. Specialising in a wide range of financial services, BAC Credomatic offers innovative banking solutions, including personal and business loans, credit cards, and digital banking services. The bank is recognised for its commitment to customer service and technological advancement, setting it apart in a competitive market. With a focus on enhancing financial inclusion and supporting economic growth, Banco de América Central has achieved significant milestones, solidifying its position as a trusted partner for individuals and businesses across the region.
DitchCarbon Score
How does Banco de América Central, S.A.'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 de América Central, S.A.'s score of 26 is lower than 58% 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 de América Central, S.A., headquartered in El Salvador (SV), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The bank is a current subsidiary of BAC International Bank, Inc., which may influence its climate-related strategies and commitments. Despite the lack of direct emissions data, Banco de América Central, S.A. is part of a corporate family that may have broader climate initiatives. However, there are no documented reduction targets or climate pledges available for this institution at this time. The absence of specific initiatives or targets suggests that the bank may still be in the early stages of developing its climate strategy. As a subsidiary, it is essential for Banco de América Central, S.A. to align with the sustainability goals and practices of its parent company, BAC International Bank, Inc. This alignment could potentially lead to future commitments and emissions reporting as the bank develops its environmental strategy.
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| 2023 | |
|---|---|
| Scope 1 | 7,645,920 |
| Scope 2 | 13,017,690 |
| Scope 3 | 10,619,010 |
How Carbon Intensive is Banco de América Central, S.A.'s Industry?
How Carbon Intensive is Banco de América Central, S.A.'s Location?
Banco de América Central, S.A.'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 de América Central, S.A. 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.
