Banco Falabella Sustainability Profile
Banco Falabella, officially known as Banco Falabella S.A., is a prominent financial institution headquartered in Santiago, Chile. Established in 1998, the bank has rapidly expanded its operations across Latin America, particularly in Chile, Peru, Colombia, and Argentina. As a key player in the banking industry, Banco Falabella offers a diverse range of services, including personal and commercial banking, credit cards, and insurance products. What sets Banco Falabella apart is its integration with the Falabella retail ecosystem, providing customers with unique financial solutions tailored to their shopping experiences. The bank has achieved significant milestones, including a strong market position as one of the leading retail banks in the region, recognised for its innovative digital banking services and customer-centric approach. With a commitment to excellence, Banco Falabella continues to shape the financial landscape in Latin America.
DitchCarbon Score
How does Banco Falabella'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 Falabella's score of 45 is higher than 68% 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 Falabella, headquartered in Chile (CL), currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank's climate commitments and reduction initiatives are also not detailed, with no specific targets or pledges outlined in the provided information. It is important to note that Banco Falabella is a current subsidiary of Falabella S.A., and any potential emissions data or climate initiatives may be inherited from this parent company. However, the details regarding emissions or reduction targets from Falabella S.A. have not been disclosed in the available data. As a part of the financial sector, Banco Falabella is expected to align with industry standards for climate action, which typically include commitments to reduce greenhouse gas emissions and enhance sustainability practices. However, without specific data or commitments, it is challenging to assess their current environmental impact or future goals.
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Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,680 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 41,851 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 78,817 | 000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Banco Falabella's Industry?
How Carbon Intensive is Banco Falabella's Location?
Banco Falabella's Scope 3 Categories Breakdown
Banco Falabella's Scope 3 emissions, which decreased by 3% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 46% of Scope 3 emissions.
Top Scope 3 Categories
Banco Falabella'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 Falabella 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.
