Banco Guayaquil Sustainability Profile
Banco Guayaquil, officially known as Banco Guayaquil S.A., is a prominent financial institution headquartered in Ecuador. Established in 1923, the bank has grown to become a key player in the Ecuadorian banking sector, with a strong presence in major regions across the country. Specialising in retail and corporate banking, Banco Guayaquil offers a diverse range of products and services, including savings accounts, loans, and investment solutions. Its commitment to innovation and customer service sets it apart in a competitive market. With a solid reputation for reliability and efficiency, Banco Guayaquil has achieved significant milestones, including the expansion of its digital banking services, which cater to the evolving needs of its clientele. As one of the leading banks in Ecuador, it continues to play a vital role in the nation’s economic development.
DitchCarbon Score
How does Banco Guayaquil'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 Guayaquil's score of 33 is higher than 53% 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 Guayaquil's reported carbon emissions
In 2022, Banco Guayaquil reported total carbon emissions of approximately 1,775,200 kg CO2e, comprising 681,600 kg CO2e from Scope 1 and 1,093,500 kg CO2e from Scope 2 emissions. This represents a decrease from 2021, when total emissions were about 1,925,000 kg CO2e, with Scope 1 emissions at 487,200 kg CO2e and Scope 2 emissions at 1,437,800 kg CO2e. The bank has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations and energy use. Despite the absence of specific reduction targets or commitments, the emissions data suggests a trend towards lower emissions over the years. Banco Guayaquil's emissions data is cascaded from its parent company, Banco Guayaquil S.A., which provides a broader context for its sustainability efforts. The bank's climate commitments and initiatives are not explicitly detailed, but it operates within an industry increasingly focused on reducing carbon footprints and enhancing sustainability practices.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 531,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,808,800 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Banco Guayaquil's Industry?
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Banco Guayaquil'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 Guayaquil 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.
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