Banco Popular de Puerto Rico Sustainability Profile
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.
DitchCarbon Score
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.
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 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.
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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.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 557,000 | 000,000 | 000,000 |
| Scope 2 | 10,666,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Banco Popular de Puerto Rico's Industry?
How Carbon Intensive is Banco Popular de Puerto Rico's Location?
Banco Popular de Puerto Rico'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 Popular de Puerto Rico 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.
