Banco General Sustainability Profile
Banco General, officially known as Banco General, S.A., is a leading financial institution headquartered in Spain. Established in 1976, the bank has grown to become a prominent player in the banking industry, primarily serving clients across the Iberian Peninsula and Latin America. Specialising in retail and corporate banking, Banco General offers a diverse range of products and services, including personal loans, mortgages, and investment solutions. Its commitment to customer service and innovative financial solutions sets it apart in a competitive market. With a strong market position, Banco General has achieved significant milestones, including numerous awards for excellence in banking services. The bank continues to focus on expanding its reach and enhancing its offerings, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Banco General'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 General's score of 36 is higher than 56% 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 General's reported carbon emissions
In 2023, Banco General reported total carbon emissions of approximately 3,303,470 kg CO2e, with a significant portion of these emissions, about 9,289,260 kg CO2e, classified under Scope 3. This marks a notable increase from 2022, when total emissions were approximately 2,155,920 kg CO2e. The bank has set ambitious climate commitments, aiming to reduce its carbon footprint by 33% across its operations by 2025, using 2021 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. Additionally, Banco General is committed to achieving carbon neutrality in its operations by 2025. This commitment reflects the bank's strategic focus on sustainability and its responsibility towards stakeholders in a rapidly changing environment. The emissions data is cascaded from its parent organization, Banco General, S.A., which is responsible for the overall sustainability initiatives and reporting. Overall, Banco General's proactive approach to managing its carbon emissions and setting clear reduction targets demonstrates its dedication to environmental stewardship and aligns with industry standards for climate action.
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| 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | - | - |
| Scope 2 | - | - | 0,000,000 | 0,000,000 | - | - |
| Scope 3 | - | - | - | - | - | 0,000,000 |
How Carbon Intensive is Banco General's Industry?
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Banco General'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 General 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.
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