Credicorp
Credicorp Ltd., headquartered in Peru (PE), is a leading financial services holding company with a strong presence across Latin America. Founded in 1995, Credicorp has established itself as a key player in the banking and insurance sectors, primarily through its subsidiaries, including Banco de Crédito del Perú and Grupo Pacifico. The company offers a diverse range of products and services, including retail and corporate banking, asset management, and insurance solutions, distinguished by their customer-centric approach and innovative technology. Credicorp's commitment to excellence has earned it a prominent market position, making it one of the largest financial institutions in the region. With a focus on sustainable growth and financial inclusion, Credicorp continues to achieve significant milestones, reinforcing its reputation as a trusted partner in the financial landscape of Latin America.
DitchCarbon Score
How does Credicorp'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 Business Services 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
Credicorp's score of 28 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credicorp's reported carbon emissions
In 2022, Credicorp reported total carbon emissions of approximately 25,322,000 kg CO2e, comprising 2,065,270 kg CO2e from Scope 1, 16,078,630 kg CO2e from Scope 2, and 25,322,000 kg CO2e from Scope 3 emissions. This indicates a significant reliance on indirect emissions, particularly from business travel and employee commuting. Over the years, Credicorp has shown a commitment to monitoring and reporting its emissions, with data disclosed for Scopes 1, 2, and 3 from 2017 onwards. Notably, in 2021, the company reported 13,271,540 kg CO2e in Scope 3 emissions, highlighting the importance of addressing indirect emissions in their climate strategy. Despite the detailed emissions reporting, there are currently no specific reduction targets or initiatives outlined in their climate commitments. This lack of defined reduction goals suggests an opportunity for Credicorp to enhance its sustainability efforts and align with industry standards for climate action. Overall, while Credicorp has made strides in emissions transparency, establishing concrete reduction targets would further strengthen its climate commitments and contribute to global sustainability efforts.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 21,053,620 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 19,752,140 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Credicorp is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
