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Public Profile
Financial Intermediation
CL
updated 20 days ago

Banco Itaú Chile Sustainability Profile

Company website

Banco Itaú Chile, a prominent player in the Chilean banking sector, is headquartered in Santiago, Chile (CL). Established in 1976, the bank has evolved significantly, becoming a key provider of financial services in the region. It operates primarily in retail banking, corporate banking, and investment services, catering to a diverse clientele. The bank offers a range of core products, including personal and business loans, credit cards, and investment solutions, distinguished by their customer-centric approach and innovative digital platforms. Banco Itaú Chile is recognised for its strong market position, consistently ranking among the top banks in the country, and has received accolades for its commitment to sustainability and financial inclusion. With a focus on leveraging technology, Banco Itaú Chile continues to enhance its service offerings, ensuring it meets the evolving needs of its customers.

DitchCarbon Score

How does Banco Itaú Chile'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.

29

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.

29

Industry Benchmark

Banco Itaú Chile's score of 29 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.

52%

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Banco Itaú Chile's reported carbon emissions

In 2024, Banco Itaú Chile reported total carbon emissions of approximately 747,364 kg CO2e, comprising 745,000 kg CO2e from Scope 1 and 2,364 kg CO2e from Scope 2 emissions. In 2023, the bank's emissions in Chile were significantly higher, with Scope 1 emissions at about 197,000 kg CO2e from fugitive emissions, 59,000 kg CO2e from stationary combustion, and 5,000 kg CO2e from mobile combustion. Scope 2 emissions were reported at approximately 7,811,000 kg CO2e (market-based) and 9,966,000 kg CO2e (location-based). The bank also disclosed Scope 3 emissions, which included 942,000 kg CO2e from business travel and 3,055,000 kg CO2e from employee commuting. Banco Itaú Chile has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The emissions data is cascaded from the parent company, Banco Itaú Chile, indicating a corporate family relationship. The bank's commitment to addressing climate change is evident through its emissions reporting, although specific reduction strategies have not been outlined.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20202021202220232024
Scope 1
317,000
000,000
000,000
000,000
000,000
Scope 2
6,972,000
0,000
0,000
0,000
0,000
Scope 3
10,571,000
-
-
-
-

How Carbon Intensive is Banco Itaú Chile's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banco Itaú Chile's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Banco Itaú Chile's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Banco Itaú Chile is in CL, which has a medium grid carbon intensity relative to other regions.

Banco Itaú Chile's Scope 3 Categories Breakdown

Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 59% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 26% of Scope 3 emissions.

Top Scope 3 Categories

2020
Employee Commuting
26%
Waste Generated in Operations
8%
Purchased Goods and Services
6%
Upstream Transportation & Distribution
5%
Business Travel
3%
Fuel and Energy Related Activities
<1%

Banco Itaú Chile'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 Itaú Chile 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Banco Itaú Chile's Emissions with Industry Peers

Citibank, N.A.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 24 days ago

JPMorgan Chase & Co

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Banco Santander (Brasil) S.A.

BR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Banco Security

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 12 days ago

Banco Do Brasil

BR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Banco Bilbao Vizcaya Argentaria

ES
•
Services auxiliary to financial intermediation (67)
Updated 3 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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