Banco Santander-Chile Sustainability Profile
Banco Santander-Chile, a prominent player in the Chilean banking sector, is headquartered in Santiago, Chile (CL). Established in 1978, the bank has grown to become a leading financial institution, offering a wide range of services including retail banking, corporate banking, and investment solutions. With a strong focus on innovation, Banco Santander-Chile provides unique products such as digital banking services and tailored financial solutions that cater to both individual and business clients. The bank's commitment to customer service and technological advancement has solidified its market position, making it a trusted choice for millions of customers across the country. Notable achievements include its consistent ranking among the top banks in Chile, reflecting its robust financial performance and dedication to sustainable growth.
DitchCarbon Score
How does Banco Santander-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 Santander-Chile's score of 27 is lower than 55% 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 Santander-Chile's reported carbon emissions
In 2020, Banco Santander-Chile reported total carbon emissions of approximately 11,143,000 kg CO2e. This figure includes Scope 1 emissions of about 463,000 kg CO2e, Scope 2 emissions of approximately 9,602,000 kg CO2e, and Scope 3 emissions of around 1,078,000 kg CO2e. This represents a significant reduction from 2019, when total emissions were about 16,158,000 kg CO2e, with Scope 1 at 627,000 kg CO2e, Scope 2 at 12,090,000 kg CO2e, and Scope 3 at 3,441,000 kg CO2e. Banco Santander-Chile has committed to reducing its carbon footprint by 5% by 2021, focusing on both Scope 1 and Scope 2 emissions. This initiative is part of a broader energy efficiency and emissions reduction plan that began in 2018. The bank's emissions data is cascaded from its parent company, Banco Santander, S.A., which influences its climate commitments and reporting. Overall, Banco Santander-Chile's efforts reflect a proactive approach to managing carbon emissions and aligning with industry standards for climate action.
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| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 230,300 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 14,277,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Banco Santander-Chile's Industry?
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Banco Santander-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 Santander-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.
