Banco del Estado de Chile Sustainability Profile
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.
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 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.
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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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| 2021 | |
|---|---|
| Scope 1 | 2,306 |
| Scope 2 | 16,361 |
| Scope 3 | 9,980 |
How Carbon Intensive is Banco del Estado de Chile's Industry?
How Carbon Intensive is Banco del Estado de Chile's Location?
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
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.
