Banco del Pacífico Sustainability Profile
Banco del Pacífico, a prominent financial institution headquartered in Ecuador, has been a cornerstone of the banking industry since its establishment in 1972. With a strong presence across major operational regions in the country, it offers a diverse range of services, including personal and commercial banking, investment solutions, and insurance products. Renowned for its innovative approach, Banco del Pacífico stands out with unique offerings such as digital banking solutions and tailored financial products designed to meet the needs of its clients. Over the years, the bank has achieved significant milestones, solidifying its market position as one of Ecuador's leading banks. With a commitment to customer service and financial inclusion, Banco del Pacífico continues to play a vital role in the economic development of the region.
DitchCarbon Score
How does Banco del Pacífico'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 Pacífico's score of 24 is lower than 62% 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 Pacífico's reported carbon emissions
In 2020, Banco del Pacífico reported total carbon emissions of approximately 3,471,000 kg CO2e for Scope 1 and 2, alongside 1,950,000 kg CO2e for Scope 3 emissions, which includes business travel (150,000 kg CO2e), purchased goods and services (1,200,000 kg CO2e), waste generated in operations (300,000 kg CO2e), and fuel and energy-related activities (800,000 kg CO2e). This data reflects a decrease from previous years, with emissions in 2019 at 3,675,000 kg CO2e for Scope 1 and 3,005,000 kg CO2e for Scope 2, and in 2018 at 4,026,000 kg CO2e for Scope 1 and 3,303,000 kg CO2e for Scope 2. Banco del Pacífico has not set specific reduction targets or climate pledges, and there are no disclosed initiatives under the Science Based Targets initiative (SBTi). The emissions data is cascaded from its parent company, Banco del Pacífico S.A., indicating a corporate family relationship that influences its sustainability reporting. Overall, while Banco del Pacífico has made strides in reducing its emissions, further commitments and initiatives would enhance its climate action profile.
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| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Scope 1 | 5,488,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,754,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 |
How Carbon Intensive is Banco del Pacífico's Industry?
How Carbon Intensive is Banco del Pacífico's Location?
Banco del Pacífico's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 28% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 49% of Scope 3 emissions.
Top Scope 3 Categories
Banco del Pacífico'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 Pacífico has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
