CORPBANCA S.A. Sustainability Profile
CORPBANCA S.A., a prominent financial institution headquartered in Santiago, Chile, has established itself as a key player in the banking sector since its founding in 1974. Operating primarily in Chile and Colombia, the bank offers a diverse range of services, including retail banking, corporate finance, and investment solutions, catering to both individual and business clients. With a commitment to innovation, CORPBANCA has developed unique financial products that stand out in the competitive landscape. The bank's strategic focus on customer service and technological advancement has earned it a solid market position, recognised for its robust financial performance and customer-centric approach. Over the years, CORPBANCA has achieved significant milestones, reinforcing its reputation as a trusted partner in the Latin American banking industry.
DitchCarbon Score
How does CORPBANCA S.A.'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
CORPBANCA S.A.'s score of 38 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CORPBANCA S.A., headquartered in Chile (CL), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is classified as a merged entity and inherits its climate-related data from Banco Itaú Chile, which is at a cascade level of 1. As of now, CORPBANCA S.A. has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate initiatives. This lack of specific targets suggests that the company may still be in the early stages of developing a comprehensive climate strategy. In the context of corporate climate commitments, it is essential for organisations like CORPBANCA S.A. to align with industry standards and set measurable targets to effectively manage and reduce their carbon footprint. The absence of reported emissions and reduction initiatives highlights an opportunity for the company to enhance its sustainability efforts and contribute to broader climate goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 317,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,972,000 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 3 | 10,571,000 | - | - | - | - |
How Carbon Intensive is CORPBANCA S.A.'s Industry?
How Carbon Intensive is CORPBANCA S.A.'s Location?
CORPBANCA S.A.'s Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 59% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 26% of Scope 3 emissions.
Top Scope 3 Categories
CORPBANCA S.A.'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.
CORPBANCA S.A. 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.
