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Public Profile
Financial Intermediation
CL
updated 18 days ago

Banco del Estado de Chile Sustainability Profile

Company website

Banco del Estado de Chile, commonly referred to as BancoEstado, is a prominent financial institution headquartered in Santiago, Chile. Established in 1855, it has played a pivotal role in the Chilean banking sector, focusing on providing accessible banking services to individuals and businesses across the country. With a strong presence in both urban and rural areas, BancoEstado operates throughout Chile, ensuring financial inclusion for all citizens. As a state-owned bank, BancoEstado offers a diverse range of products and services, including savings accounts, loans, and investment options, distinguished by their commitment to social responsibility and customer service. The bank has achieved notable milestones, such as being the first in Chile to introduce mobile banking solutions, enhancing convenience for its clients. With a solid market position, BancoEstado continues to be a leader in promoting financial literacy and economic development in Chile.

DitchCarbon Score

How does Banco del Estado de Chile'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.

16

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.

29

Industry Benchmark

Banco del Estado de Chile's score of 16 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.

17%

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Banco del Estado de Chile's reported carbon emissions

In 2021, Banco del Estado de Chile reported total carbon emissions of approximately 20,647 kg CO2e. This figure includes Scope 1 emissions of about 2,306 kg CO2e, Scope 2 emissions of approximately 16,361 kg CO2e, and Scope 3 emissions totalling around 9,980 kg CO2e. Within Scope 3, significant contributors were employee commute (about 6,870 kg CO2e), waste generated in operations (approximately 1,266 kg CO2e), and upstream transportation and distribution (around 1,758 kg CO2e). Currently, Banco del Estado de Chile has not established specific reduction targets or climate pledges, nor does it inherit emissions data from a parent company. The bank's commitment to addressing climate change remains undefined in terms of formal initiatives or targets.

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Access structured emissions data, company-specific emission factors, and source documents

2021
Scope 1
2,306
Scope 2
16,361
Scope 3
9,980

How Carbon Intensive is Banco del Estado de Chile's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banco del Estado de Chile'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.

How Carbon Intensive is Banco del Estado de Chile's Location?

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 del Estado de Chile is in CL, which has a medium grid carbon intensity relative to other regions.

Banco del Estado de Chile's Scope 3 Categories Breakdown

A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 35% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 69% of Scope 3 emissions.

Top Scope 3 Categories

2021
Employee Commuting
69%
Upstream Transportation & Distribution
18%
Waste Generated in Operations
13%

Banco del Estado de Chile'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 del Estado de Chile 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.

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

Compare Banco del Estado de Chile's Emissions with Industry Peers

Transbank S.A.

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Banco Falabella

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

BNP Paribas Luxembourg SA

LU
Updated about 2 months ago

Mastercard

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Goldman Sachs

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Banco Santander-Chile

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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