Banco Itaú Chile Sustainability Profile
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.
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 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.
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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.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| 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?
How Carbon Intensive is Banco Itaú Chile's Location?
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
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.
