Intercorp Financial Services Sustainability Profile
Intercorp Financial Services, commonly referred to as IFS, is a leading financial institution headquartered in Peru (PE). Established in 1996, IFS has significantly shaped the financial landscape in the region, with a strong presence in retail banking, insurance, and asset management. The company is renowned for its innovative core products, including personal loans, credit cards, and comprehensive insurance solutions, which are tailored to meet the diverse needs of its clients. IFS stands out for its customer-centric approach and commitment to financial inclusion, making it a trusted partner for individuals and businesses alike. With a robust market position, Intercorp Financial Services has achieved notable milestones, including strategic partnerships and expansions that enhance its service offerings across major operational regions in Peru.
DitchCarbon Score
How does Intercorp Financial Services'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 Services Auxiliary to 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
Intercorp Financial Services's score of 64 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Intercorp Financial Services's reported carbon emissions
In 2024, Intercorp Financial Services (IFS), headquartered in Peru (PE), reported total carbon emissions of approximately 10,953,370 kg CO2e. This figure includes 643,960 kg CO2e from Scope 1 emissions, 1,714,320 kg CO2e from Scope 2 emissions (market-based), and 7,595,100 kg CO2e from Scope 3 emissions. Notably, the company has set a target to reduce its absolute Scope 1 and Scope 2 emissions by 17.5% by 2030, using 2023 as the baseline year. In 2023, IFS's total emissions were about 13,339,370 kg CO2e, with Scope 1 emissions at 1,416,640 kg CO2e and Scope 2 emissions at 3,508,550 kg CO2e. The company has demonstrated a commitment to reducing energy consumption by 60% from 2019 to 2030, which applies to both Scope 1 and Scope 2 emissions. Looking at previous years, in 2022, total emissions were approximately 12,000,000 kg CO2e, while in 2021, they reached about 14,000,000 kg CO2e. The trend indicates a focus on improving sustainability practices. IFS aspires to achieve net-zero emissions by 2050, leveraging its position in the financial and insurance sectors to support both its operations and its clients in their climate transition journeys. This long-term commitment reflects a proactive approach to addressing climate change and reducing carbon footprints across all scopes of emissions.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 428,460 | 000,000 | 000,000 | 0,000,000 | 000,000 |
| Scope 2 | 2,990,160 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,472,960 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Intercorp Financial Services's Industry?
How Carbon Intensive is Intercorp Financial Services's Location?
Intercorp Financial Services's Scope 3 Categories Breakdown
Intercorp Financial Services's Scope 3 emissions, which decreased by 10% last year and increased by approximately 2% 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 76% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 49% of Scope 3 emissions.
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Intercorp Financial Services'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.
Intercorp Financial Services 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.
