Quinenco Sustainability Profile
Quinenco S.A., a prominent Chilean conglomerate, is headquartered in Santiago, Chile. Established in 1988, the company has significantly expanded its operations across various sectors, including financial services, telecommunications, and manufacturing. Quinenco is renowned for its diverse portfolio, which includes Banco de Chile, one of the country's leading banks, and a range of industrial enterprises. With a strong market presence in Latin America, Quinenco has achieved notable milestones, such as strategic partnerships and successful mergers that have bolstered its competitive edge. The company's commitment to innovation and quality in its core services sets it apart in the industry, making it a key player in the Chilean economy. Quinenco continues to thrive, driven by its dedication to sustainable growth and excellence in service delivery.
DitchCarbon Score
How does Quinenco'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
Quinenco's score of 26 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Quinenco's reported carbon emissions
In 2022, Quinenco reported total carbon emissions of approximately 1,500,000,000 kg CO2e, comprising 91,103,000 kg CO2e from Scope 1, 80,172,000 kg CO2e from Scope 2, and a significant 1,377,252,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive disclosure of emissions across all relevant scopes, highlighting the company's extensive carbon footprint. Quinenco's emissions data from 2021 indicates a much lower total of about 6,945,000 kg CO2e, with Scope 1 emissions at 495,000 kg CO2e and Scope 2 emissions at 1,000,000 kg CO2e. The substantial increase in emissions from 2021 to 2022 suggests a significant rise in operational activities or changes in reporting practices. Despite the detailed emissions reporting, Quinenco currently has no publicly stated reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The absence of Science-Based Targets Initiative (SBTi) commitments further underscores the need for enhanced climate action. Quinenco's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of its own operations. As the company continues to navigate its climate commitments, establishing clear reduction targets will be crucial for aligning with global climate goals.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 495,000 | 00,000,000 |
| Scope 2 | 1,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 |
How Carbon Intensive is Quinenco's Industry?
How Carbon Intensive is Quinenco's Location?
Quinenco'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.
Quinenco 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.
