Banco Popular de Puerto Rico, often referred to simply as Popular, is a leading financial institution headquartered in the United States. Established in 1893, it has grown to become a cornerstone of the banking industry in Puerto Rico and the Caribbean, with a significant presence in the mainland United States. Specialising in retail banking, commercial banking, and wealth management, Banco Popular offers a diverse range of products and services, including personal loans, mortgages, and business financing. Its commitment to customer service and community engagement sets it apart in a competitive market. With a strong market position, Banco Popular has achieved numerous accolades, reflecting its dedication to innovation and financial stability. As a trusted partner for individuals and businesses alike, it continues to play a vital role in the economic landscape of Puerto Rico and beyond.
How does Banco Popular de Puerto Rico'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.
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.
Banco Popular de Puerto Rico's score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banco Popular de Puerto Rico currently does not have specific carbon emissions data available, as indicated by the absence of reported emissions figures. The organisation is a current subsidiary of Popular, Inc., which may influence its climate-related initiatives and commitments. As of now, Banco Popular de Puerto Rico has not established any documented reduction targets or commitments to the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific targets suggests that the bank is still in the early stages of formalising its climate strategy. Given the absence of emissions data and reduction initiatives, it is essential for Banco Popular de Puerto Rico to develop a comprehensive approach to measuring and managing its carbon footprint. This could include setting measurable targets for reducing Scope 1, 2, and 3 emissions in alignment with industry standards and best practices. In summary, while Banco Popular de Puerto Rico has not yet reported emissions data or established reduction targets, its affiliation with Popular, Inc. may provide a framework for future climate commitments and initiatives.
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 557,000 | 000,000 | 000,000 |
| Scope 2 | 10,666,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Banco Popular de Puerto Rico is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
