Banco Security Sustainability Profile
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.
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 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.
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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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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| 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?
How Carbon Intensive is Banco Security's Location?
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
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.
