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Financial Intermediation
EC
updated 2 months ago

Banco del Pacífico Sustainability Profile

Company website

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.

24

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.

32

Industry Benchmark

Banco del Pacífico's score of 24 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.

30%

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Banco del Pacífico's reported carbon emissions

In 2020, Banco del Pacífico reported total carbon emissions of approximately 9,000,000 kg CO2e, comprising 3,471,000 kg CO2e from Scope 1 and 2,926,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions included 150,000 kg CO2e from business travel, 1,200,000 kg CO2e from purchased goods and services, 300,000 kg CO2e from waste generated in operations, and 800,000 kg CO2e from fuel and energy-related activities. The bank has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). Furthermore, emissions data is cascaded from its parent organization, Banco del Pacífico S.A., reflecting its current subsidiary status. Overall, while Banco del Pacífico has made strides in reporting its emissions, it currently lacks defined climate commitments or reduction strategies to address its carbon footprint effectively.

Unlock detailed emissions data

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

20162017201820192020
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banco del Pacífico's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Banco del Pacífico'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 Pacífico is in EC, which has a medium grid carbon intensity relative to other regions.

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

2020
Purchased Goods and Services
49%
Fuel and Energy Related Activities
33%
Waste Generated in Operations
12%
Business Travel
6%

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.

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 Pacífico's Emissions with Industry Peers

Wells Fargo

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

Santander Bank, National Association

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 8 days ago

Citibank, N.A.

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

Mastercard

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

Banco Guayaquil

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

JPMorgan Chase & Co

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 7 days ago

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Where does DitchCarbon data come from?

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