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Public Profile
Financial Intermediation
CL
updated 24 days ago

Banco Security Sustainability Profile

Company website

Banco Security, officially known as Banco Security S.A., is a prominent financial institution headquartered in Santiago, Chile. Established in 1997, the bank has carved a niche in the Chilean banking sector, focusing primarily on retail and corporate banking services. With a strong presence in major urban regions, Banco Security offers a range of unique financial products, including personal loans, investment services, and tailored corporate solutions. Recognised for its commitment to customer service and innovation, Banco Security has achieved significant milestones, including the expansion of its digital banking platform. The bank's strategic approach has positioned it as a reliable choice for both individual and business clients, contributing to its reputation as a trusted player in the Chilean financial landscape.

DitchCarbon Score

How does Banco Security'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.

18

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.

29

Industry Benchmark

Banco Security's score of 18 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

20%

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Banco Security's reported carbon emissions

In 2022, Banco Security reported total carbon emissions of approximately 2,000,000 kg CO2e, with significant contributions from Scope 1 and Scope 3 emissions. Specifically, Scope 1 emissions included 3,000 kg CO2e from mobile combustion and 79,000 kg CO2e from fugitive emissions. Scope 3 emissions were notably higher, comprising 853,000 kg CO2e from business travel, 1,475,000 kg CO2e from employee commuting, and 113,000 kg CO2e from waste generated in operations. Comparatively, in 2021, the bank's total emissions were about 1,800,000 kg CO2e, with Scope 1 emissions of 124,000 kg CO2e and Scope 3 emissions of 1,696,000 kg CO2e. This indicates a slight increase in emissions in 2022, primarily driven by business travel and employee commuting. Banco Security has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The emissions data is cascaded from its parent company, Grupo Security S.A., reflecting the bank's commitment to transparency in its environmental impact. Overall, while Banco Security has made strides in reporting its emissions, it currently lacks defined reduction targets, highlighting an area for potential improvement in its climate commitments.

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2019202020212022
Scope 1
141,000
000,000
000,000
00,000
Scope 2
-
-
-
-
Scope 3
4,112,000
0,000,000
0,000,000
0,000,000

How Carbon Intensive is Banco Security's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banco Security's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Banco Security's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Banco Security is in CL, which has a medium grid carbon intensity relative to other regions.

Banco Security's Scope 3 Categories Breakdown

Banco Security's Scope 3 emissions, which increased by 35% last year and decreased by approximately 41% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Employee Commuting" being the largest emissions source at 60% of Scope 3 emissions.

Top Scope 3 Categories

2022
Employee Commuting
60%
Business Travel
35%
Waste Generated in Operations
5%

Banco Security'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 Security 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Banco Security's Emissions with Industry Peers

Goldman Sachs

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

HSBC Bank (Chile)

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

Banco Santander-Chile

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

Scotiabank Chile S.A.

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 16 days ago

Banco de Chile

CL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 26 days ago

Ubs

CH
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 hour ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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