Banco de Machala
Banco de Machala, officially known as Banco de Machala S.A., is a prominent financial institution headquartered in Ecuador (EC). Established in 1989, the bank has made significant strides in the banking sector, primarily serving the coastal regions of Ecuador, including El Oro and Guayas. Specialising in retail banking, Banco de Machala offers a diverse range of products and
DitchCarbon Score
How does Banco de Machala'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 Machala's score of 18 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banco de Machala's reported carbon emissions
In 2023, Banco de Machala reported total carbon emissions of approximately 269,943,000 kg CO2e, comprising 151,906,530 kg CO2e from Scope 1, 99,154,700 kg CO2e from Scope 2, and 269,943,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to transparency in their carbon footprint across all scopes. In 2022, the bank's emissions were about 349,102,000 kg CO2e, with Scope 1 emissions at 168,465,050 kg CO2e and Scope 2 at 151,677,030 kg CO2e. The data indicates a focus on managing emissions, particularly in Scope 3, which includes purchased goods and services. Despite the detailed emissions reporting, Banco de Machala has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This suggests an opportunity for the bank to enhance its climate commitments and align with industry standards for sustainability. Overall, Banco de Machala's emissions data highlights the importance of ongoing monitoring and potential areas for improvement in their climate strategy, particularly in setting measurable reduction goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 0,000,000 | 000,000 | 000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 1,987,500 | 000,000 | 000,000 | 00,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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 Machala is not committed to any reduction initiatives 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.
