Banco Itaú Chile

Banco Itaú Chile, a financial intermediation services provider based in Chile, has disclosed significant carbon emissions data across Scopes 1, 2, and 3. In 2024, their total emissions were approximately 1.07 billion kg CO2e, comprising Scope 1 emissions of about 745,000 kg CO2e and Scope 2 emissions of approximately 1.07 billion kg CO2e. Scope 3 emissions for the same year were reported at roughly 1.07 billion kg CO2e, with investments being the largest contributor.

In 2023, Banco Itaú Chile reported total emissions of approximately 1.01 billion kg CO2e, with Scope 1 emissions at about 693,000 kg CO2e and Scope 2 emissions at approximately 1.01 billion kg CO2e. Scope 3 emissions in 2023 were around 1.00 billion kg CO2e, with investments also being the dominant category.

For 2022, the bank's total emissions stood at approximately 14.8 million kg CO2e, with Scope 1 emissions at about 229,000 kg CO2e and Scope 2 emissions at approximately 14.6 million kg CO2e. Scope 3 emissions for 2022 were approximately 12.3 million kg CO2e.

In 2021, Banco Itaú Chile's total emissions were approximately 9.7 million kg CO2e, including Scope 1 emissions of about 786,000 kg CO2e and Scope 2 emissions of approximately 8.9 million kg CO2e. Scope 3 emissions in 2021 amounted to approximately 12.6 million kg CO2e.

Looking back to 2020, the bank's total emissions were approximately 7.3 million kg CO2e, with Scope 1 emissions at around 317,000 kg CO2e and Scope 2 emissions at approximately 7.0 million kg CO2e. Scope 3 emissions in 2020 were approximately 10.6 million kg CO2e.

Banco Itaú Chile has established ambitious climate commitments. They have set net-zero emissions targets for their operations and portfolio by 2050. Furthermore, the bank aims to reduce financed emissions by 2030, using 2021 as a base year. These targets are cascaded from the ultimate parent organisation, Banco Itaú Chile, with a reporting relationship indicating Banco Itaú Chile is the direct parent.