Credicorp Sustainability Profile
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 62 is higher than 78% 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 2024, Credicorp reported total carbon emissions of approximately 36,737,000 kg CO2e, with emissions distributed across various scopes: 5,040,840 kg CO2e (Scope 1), 12,860,620 kg CO2e (Scope 2), and 27,850,360 kg CO2e (Scope 3). Notably, the company achieved a significant reduction in its market-based Scope 2 emissions, decreasing from 16,181,000 kg CO2e in 2023 to 4,106,000 kg CO2e in 2024, representing a 19% reduction compared to location-based emissions for the same year. Credicorp has set long-term climate commitments to remain carbon neutral for both Scope 1 and Scope 2 emissions by 2050, starting from 2023. These commitments reflect the company's dedication to sustainability and climate action. The emissions data is sourced directly from Credicorp Ltd., with no cascaded data from parent organizations. Overall, Credicorp's proactive approach to managing its carbon footprint and its ambitious targets underscore its commitment to addressing climate change while maintaining operational efficiency.
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| 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Credicorp's Industry?
How Carbon Intensive is Credicorp's Location?
Credicorp's Scope 3 Categories Breakdown
Credicorp's Scope 3 emissions, which increased by 7% last year and increased by approximately 184% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 75% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 58% of Scope 3 emissions.
Top Scope 3 Categories
Credicorp'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.
Credicorp 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.
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