Banco Pichincha Sustainability Profile
Banco Pichincha, officially known as Banco Pichincha C.A., is a prominent financial institution headquartered in Ecuador (EC). Established in 1906, it has grown to become one of the largest banks in the country, with a significant presence in various regions across Latin America. The bank operates primarily in the banking and financial services industry, offering a diverse range of products including personal and business loans, savings accounts, and investment services. What sets Banco Pichincha apart is its commitment to innovation and customer service, making it a trusted choice for individuals and businesses alike. Over the years, the bank has achieved notable milestones, including expanding its operations internationally and embracing digital banking solutions. With a strong market position, Banco Pichincha continues to play a vital role in the economic development of Ecuador and beyond.
DitchCarbon Score
How does Banco Pichincha'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 Pichincha's score of 35 is higher than 56% 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 Pichincha's reported carbon emissions
In 2022, Banco Pichincha reported total carbon emissions of approximately 3,614,350 kg CO2e. This figure includes Scope 1 emissions of about 238,450 kg CO2e, Scope 2 emissions of approximately 2,507,270 kg CO2e, and Scope 3 emissions totalling around 868,630 kg CO2e, which encompasses financed emissions linked to investments amounting to approximately 3,746,946,780 USD. Despite the significant emissions reported, there are currently no specific reduction targets or climate pledges documented for Banco Pichincha. The emissions data is cascaded from its parent company, Banco Pichincha C.A., indicating a corporate family relationship that influences its environmental reporting. The bank's commitment to addressing climate change is reflected in its transparency regarding emissions across all scopes, although further initiatives or targets for reduction have not been disclosed.
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| 2017 | 2022 | |
|---|---|---|
| Scope 1 | - | 000,000 |
| Scope 2 | 6,935.85 | 0,000,000 |
| Scope 3 | - | 000,000 |
How Carbon Intensive is Banco Pichincha's Industry?
How Carbon Intensive is Banco Pichincha's Location?
Banco Pichincha's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 24% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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Banco Pichincha'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 Pichincha 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.
