Banco del Sol S.A. Sustainability Profile
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.
DitchCarbon Score
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.
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 Sol S.A.'s score of 34 is higher than 55% 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 Sol S.A.'s reported carbon emissions
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 set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The emissions data is cascaded from the parent company, reflecting the organisation's commitment to transparency in its environmental impact. The bank's energy consumption intensity was reported at approximately 3,170.48 kWh per employee, highlighting the need for ongoing efforts to enhance energy efficiency and reduce overall emissions. As a current subsidiary, Banco del Sol S.A. is positioned to align its climate commitments with broader corporate sustainability initiatives.
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| 2022 | |
|---|---|
| Scope 1 | 2,884,630 |
| Scope 2 | 1,637,010 |
| Scope 3 | 494,600 |
How Carbon Intensive is Banco del Sol S.A.'s Industry?
How Carbon Intensive is Banco del Sol S.A.'s Location?
Banco del Sol S.A.'s Scope 3 Categories Breakdown
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.
Top Scope 3 Categories
Banco del Sol S.A.'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 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.
