Grupo Security Sustainability Profile
Grupo Security, headquartered in Santiago, Chile, is a prominent player in the financial services industry, specialising in banking, insurance, and asset management. Founded in 1993, the company has established itself as a trusted provider of innovative financial solutions across Chile and other key Latin American markets. With a diverse portfolio that includes retail banking, life and general insurance, and investment services, Grupo Security stands out for its customer-centric approach and commitment to sustainability. The company has achieved significant milestones, including the expansion of its services and a strong market presence, making it a leader in the Chilean financial sector. Recognised for its robust financial performance and dedication to excellence, Grupo Security continues to enhance its offerings, ensuring clients receive tailored solutions that meet their evolving needs.
DitchCarbon Score
How does Grupo 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
Grupo Security's score of 21 is lower than 83% 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 Security's reported carbon emissions
In 2023, Grupo Security, headquartered in Chile, reported total carbon emissions of approximately 7,704,000 kg CO2e. This figure includes 140,000 kg CO2e from Scope 1 emissions, primarily from mobile and stationary combustion, and 1,549,000 kg CO2e from Scope 2 emissions, which are attributed to purchased electricity. The majority of their emissions, about 6,014,000 kg CO2e, fall under Scope 3, with significant contributions from business travel (1,688,100 kg CO2e) and employee commuting (2,030,100 kg CO2e). Comparatively, in 2022, the company reported total emissions of approximately 6,403,000 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 included 85,000 kg CO2e from Scope 1, 1,924,000 kg CO2e from Scope 2, and 4,394,000 kg CO2e from Scope 3. Despite the lack of specific reduction targets or initiatives disclosed, Grupo Security is part of a corporate family relationship with Grupo Security S.A., which may influence its climate commitments and performance. The emissions data is cascaded from Grupo Security S.A., reflecting the broader corporate strategy and sustainability efforts. Overall, Grupo Security's emissions profile highlights the need for enhanced climate action and potential strategies to reduce their carbon footprint, particularly in Scope 3 categories, which represent the largest share of their emissions.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 246,000 | 000,000 | 000,000 |
| Scope 2 | 3,651,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 715,000 | 000,000 | 000,000 |
How Carbon Intensive is Grupo Security's Industry?
How Carbon Intensive is Grupo Security's Location?
Grupo 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.
Grupo 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.
