Open Bank Argentina S.A. Sustainability Profile
Open Bank Argentina S.A., commonly referred to as Open Bank, is a prominent financial institution headquartered in Argentina. Established in 1996, the bank has made significant strides in the Argentine banking sector, focusing on retail and corporate banking services. With a strong presence in major operational regions across the country, Open Bank is dedicated to providing innovative financial solutions tailored to meet the diverse needs of its clients. The bank offers a range of core products, including personal and business loans, savings accounts, and investment services, distinguished by their customer-centric approach and competitive rates. Open Bank has positioned itself as a leader in digital banking, embracing technology to enhance customer experience and streamline operations. Its commitment to excellence has earned it recognition within the industry, solidifying its reputation as a trusted financial partner in Argentina.
DitchCarbon Score
How does Open Bank Argentina S.A.'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 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
Open Bank Argentina S.A.'s score of 23 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Open Bank Argentina S.A. currently does not have specific carbon emissions data available, as indicated by the absence of reported emissions figures. The organisation is part of a corporate family that includes Banco Santander, S.A., from which it inherits emissions data and climate commitments. However, no specific emissions data has been cascaded from Banco Santander, S.A. at this level. In terms of climate commitments, Open Bank Argentina S.A. has not established any documented reduction targets or initiatives. The absence of specific targets suggests that the bank may still be in the early stages of developing a comprehensive climate strategy. As a merged entity, Open Bank Argentina S.A. may benefit from the broader sustainability initiatives and climate strategies of its parent company, Banco Santander, S.A., which is known for its commitment to reducing carbon emissions and promoting sustainable practices. However, without specific data or targets, it is challenging to assess the bank's current impact or future commitments in relation to carbon emissions.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 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 | 259,567,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Open Bank Argentina S.A.'s Industry?
How Carbon Intensive is Open Bank Argentina S.A.'s Location?
Open Bank Argentina S.A.'s Scope 3 Categories Breakdown
Open Bank Argentina S.A.'s Scope 3 emissions, which increased by 790% last year and increased by approximately 741% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 63% of Scope 3 emissions.
Top Scope 3 Categories
Open Bank Argentina S.A.'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.
Open Bank Argentina S.A. 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.
