Banco Itaú Chile

Banco Itaú Chile's Carbon Emissions and Climate Commitments

Banco Itaú Chile, a financial intermediation services provider headquartered in Chile, reported total carbon emissions of approximately 1.08 billion kg CO2e in 2024. This figure represents the sum of Scope 1, Scope 2, and Scope 3 emissions.

For 2024, Scope 1 emissions were 745,000 kg CO2e, and Scope 2 emissions amounted to 1.07 billion kg CO2e. Scope 3 emissions, which encompass a broader range of indirect emissions, included 1.06 billion kg CO2e from investments, 4.01 million kg CO2e from employee commute, and 1.92 million kg CO2e from business travel.

In 2023, the bank's total emissions were approximately 1.01 billion kg CO2e. This included 693,000 kg CO2e from Scope 1 and 1.01 billion kg CO2e from Scope 2. Significant Scope 3 emissions in 2023 included 1 billion kg CO2e from investments, 4.1 million kg CO2e from employee commute, and 1.49 million kg CO2e from business travel.

Banco Itaú Chile has set a commitment to achieve net-zero emissions for its operations and portfolio by 2050. The bank also has interim targets to reduce financed emissions by 2030, using 2021 as a baseline year. These targets are detailed in their Annual Integrated Report. All reported emissions data is directly from Banco Itaú Chile.