Banco del Sol S.A., headquartered in Argentina, is a prominent player in the financial services industry, specialising in retail and corporate banking. Established in 1995, the bank has steadily expanded its operations across major regions in Argentina, offering a diverse range of financial products and services tailored to meet the needs of individuals and businesses alike. The bank's core offerings include personal loans, savings accounts, and investment services, distinguished by their competitive interest rates and customer-centric approach. Banco del Sol S.A. has achieved significant milestones, positioning itself as a trusted financial partner with a strong market presence. Its commitment to innovation and customer satisfaction has earned it recognition within the industry, making it a key contender in Argentina's banking landscape.
How does Banco del Sol 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.
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.
Banco del Sol S.A.'s score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Banco del Sol S.A. reported total carbon emissions of approximately 4,521,640 kg CO2e, which includes 2,884,630 kg CO2e from Scope 1 emissions and 1,637,010 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions accounted for 362,470 kg CO2e from business travel, 132,040 kg CO2e from purchased goods and services, and 90 kg CO2e from waste generated in operations. Despite these figures, Banco del Sol S.A. has not established 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). The emissions data is cascaded from the parent company, reflecting the organisation's current subsidiary status. The bank's energy consumption intensity was reported at approximately 3,170.48 kWh per employee in 2022, highlighting its operational energy use. Overall, while Banco del Sol S.A. has disclosed its emissions data, it currently lacks defined climate commitments or reduction strategies.
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | |
|---|---|
| Scope 1 | 2,884,630 |
| Scope 2 | 1,637,010 |
| Scope 3 | 494,600 |
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 10% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 73% of Scope 3 emissions.
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 Sol S.A. 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.