Scotiabank Chile S.A. Sustainability Profile
Scotiabank Chile S.A., a prominent player in the Chilean banking sector, is headquartered in Santiago, Chile. Established in 1990, the bank has grown significantly, becoming a key provider of financial services across the country. Scotiabank Chile operates primarily in retail and commercial banking, offering a diverse range of products including personal loans, mortgages, and investment services. With a strong focus on customer service and innovative financial solutions, Scotiabank Chile distinguishes itself through its commitment to digital banking and financial inclusion. The bank has achieved notable milestones, including the expansion of its branch network and the introduction of advanced online banking platforms. As a subsidiary of Scotiabank, a leading financial institution in North America, Scotiabank Chile maintains a robust market position, serving millions of customers and contributing to the economic growth of the region.
DitchCarbon Score
How does Scotiabank Chile 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 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
Scotiabank Chile S.A.'s score of 26 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Scotiabank Chile S.A. currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. However, the organisation is part of a corporate family relationship with The Bank of Nova Scotia, from which it inherits emissions data and climate commitments. This cascading relationship places Scotiabank Chile S.A. at a level 2 in terms of data sourcing. While there are no specific reduction targets or initiatives reported for Scotiabank Chile S.A., it is important to note that the overarching commitments and performance metrics are derived from The Bank of Nova Scotia. This parent organisation may have established science-based targets and sustainability initiatives that influence Scotiabank Chile's climate strategy. In summary, while Scotiabank Chile S.A. lacks direct emissions data and specific reduction targets, it is aligned with the broader climate commitments of its parent company, The Bank of Nova Scotia, which may include industry-standard climate initiatives and performance metrics.
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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 Scotiabank Chile S.A.'s Industry?
How Carbon Intensive is Scotiabank Chile S.A.'s Location?
Scotiabank Chile S.A.'s Scope 3 Categories Breakdown
Scotiabank Chile S.A.'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
Scotiabank Chile 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.
Scotiabank Chile 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.
