Public Profile

Banco de Comercio S.A.

Banco de Comercio S.A., commonly referred to as Banco de Comercio, is a prominent financial institution headquartered in Peru (PE). Established in 1984, the bank has made significant strides in the Peruvian banking sector, focusing on providing a diverse range of financial services tailored to both individual and corporate clients. Operating primarily in the retail and commercial banking sectors, Banco de Comercio offers unique products such as personal loans, credit cards, and business financing solutions. Its commitment to customer service and innovative banking solutions has positioned it as a trusted partner in the financial landscape. With a strong presence in major urban areas, Banco de Comercio continues to enhance its market position through strategic growth and a focus on customer-centric services.

DitchCarbon Score

How does Banco de Comercio 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.

36

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.

26

Industry Benchmark

Banco de Comercio S.A.'s score of 36 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

87%

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Banco de Comercio S.A.'s reported carbon emissions

In 2023, Banco de Comercio S.A. reported total carbon emissions of approximately 49,912,890 kg CO2e. This figure includes 13,224,860 kg CO2e from Scope 1 emissions, while Scope 2 emissions were negligible at 0 kg CO2e. The majority of emissions, about 36,688,020 kg CO2e, were attributed to Scope 3. In 2022, the bank's total emissions were approximately 27,820,360 kg CO2e, with Scope 1 emissions at 14,829,030 kg CO2e and Scope 3 emissions at 12,991,130 kg CO2e. The previous year, 2021, saw total emissions of about 53,220,000 kg CO2e, comprising 22,847,000 kg CO2e from Scope 1 and 27,863,000 kg CO2e from Scope 2, alongside 2,510,000 kg CO2e from Scope 3. Despite these figures, Banco de Comercio S.A. has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented climate pledges or science-based targets indicates a potential area for improvement in their sustainability strategy. As the financial sector increasingly prioritises climate commitments, Banco de Comercio S.A. may benefit from establishing clear reduction goals to align with industry standards and expectations.

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202120222023
Scope 1
22,847,000
00,000,000
00,000,000
Scope 2
27,863,000
000
-
Scope 3
2,510,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banco de Comercio S.A.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

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 de Comercio S.A. is in PE, which has a medium grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Banco de Comercio S.A. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

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

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