Grupo Financiero Scotiabank Inverlat S.A., de C.V. Sustainability Profile
Grupo Financiero Scotiabank Inverlat S.A., de C.V., commonly known as Scotiabank Mexico, is a prominent financial institution headquartered in Mexico City, Mexico. Established in 1994, the bank has grown to become a key player in the Mexican banking sector, offering a wide range of financial services across the country. Operating primarily in retail and commercial banking, Scotiabank Mexico provides unique products such as personal loans, credit cards, and investment services tailored to meet the diverse needs of its clients. The bank is recognised for its commitment to innovation and customer service, positioning itself as a trusted partner in financial growth. With a strong market presence, Scotiabank Mexico has achieved significant milestones, including numerous awards for excellence in customer service and digital banking solutions, solidifying its reputation as a leader in the financial industry.
DitchCarbon Score
How does Grupo Financiero Scotiabank Inverlat S.A., de C.V.'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 Real Estate 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
Grupo Financiero Scotiabank Inverlat S.A., de C.V.'s score of 48 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Financiero Scotiabank Inverlat S.A., de C.V., headquartered in Mexico, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. However, it is important to note that the organisation is a current subsidiary of The Bank of Nova Scotia, which may influence its climate commitments and emissions reporting. As a subsidiary, Grupo Financiero Scotiabank Inverlat S.A., de C.V. inherits climate performance data from The Bank of Nova Scotia, which operates at a cascade level of 1. This relationship suggests that any significant climate initiatives or targets may be aligned with those of its parent company. While specific reduction targets or initiatives for Grupo Financiero Scotiabank Inverlat S.A., de C.V. are not detailed, the overarching commitments and strategies of The Bank of Nova Scotia may provide a framework for understanding its climate approach. The Bank of Nova Scotia has been involved in various climate-related initiatives, including participation in the Carbon Disclosure Project (CDP), which may inform the subsidiary's climate strategies. In summary, while specific emissions data and reduction targets for Grupo Financiero Scotiabank Inverlat S.A., de C.V. are currently unavailable, its affiliation with The Bank of Nova Scotia suggests a potential alignment with broader climate commitments and performance metrics established by the parent organisation.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 13,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 125,053,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000.00 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Grupo Financiero Scotiabank Inverlat S.A., de C.V.'s Industry?
How Carbon Intensive is Grupo Financiero Scotiabank Inverlat S.A., de C.V.'s Location?
Grupo Financiero Scotiabank Inverlat S.A., de C.V.'s Scope 3 Categories Breakdown
Grupo Financiero Scotiabank Inverlat S.A., de C.V.'s Scope 3 emissions, which increased by 79% last year and increased by approximately 78% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 51% of Scope 3 emissions.
Top Scope 3 Categories
Grupo Financiero Scotiabank Inverlat S.A., de C.V.'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.
Grupo Financiero Scotiabank Inverlat S.A., de C.V. 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.
