Banco de Occidente S.A.
Banco de Occidente S.A., a prominent financial institution based in Colombia, has established itself as a leader in the banking sector since its inception in 1967. Headquartered in Bogotá, the bank operates extensively across major regions in Colombia, providing a wide array of financial services tailored to meet the needs of individuals and businesses alike. Specialising in retail banking, corporate banking, and investment services, Banco de Occidente offers unique products such as personalised credit solutions and innovative digital banking platforms. The bank's commitment to customer service and technological advancement has solidified its market position, making it a trusted choice for millions of clients. With a rich history of growth and key milestones, Banco de Occidente continues to play a vital role in Colombia's economic landscape.
DitchCarbon Score
How does Banco de Occidente 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 Occidente S.A.'s score of 38 is higher than 64% 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 Occidente S.A.'s reported carbon emissions
In 2023, Banco de Occidente S.A. reported total carbon emissions of approximately 5,040,640 kg CO2e, comprising 1,379,490 kg CO2e from Scope 1 and 4,023,150 kg CO2e from Scope 3 emissions. This marks a reduction in Scope 1 emissions from 1,540,200 kg CO2e in 2022, while Scope 3 emissions decreased from 6,103,380 kg CO2e in the previous year. Notably, the bank did not disclose any Scope 2 emissions for 2023. Despite these reductions, Banco de Occidente S.A. has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or commitments to the Science Based Targets initiative (SBTi). The emissions data is cascaded from the parent company, Banco de Occidente S.A., reflecting its current subsidiary status. The bank's commitment to sustainability is evident in its emissions reporting, although further initiatives and targets would enhance its climate strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,540,200 | 0,000,000 |
| Scope 2 | 1,396,260 | - |
| Scope 3 | 6,103,380 | 0,000,000 |
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 Occidente 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.
