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 27 is lower than 51% 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, with Scope 1 emissions accounting for about 681,600 kg CO2e and Scope 2 emissions at approximately 1,093,500 kg CO2e. This represents a decrease from 2021, when the bank's global emissions were about 1,925,000 kg CO2e, with Scope 1 emissions of approximately 487,200 kg CO2e and Scope 2 emissions of about 1,437,800 kg CO2e. The bank's emissions data is cascaded from its parent company, Banco Guayaquil S.A., which provides a comprehensive overview of its carbon footprint. Notably, Banco Guayaquil has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for future commitment. Overall, Banco Guayaquil's emissions profile highlights its ongoing efforts to monitor and manage its carbon footprint, although further initiatives and targets could enhance its climate strategy.
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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?
How Carbon Intensive is Banco Guayaquil's Location?
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.
