Scotiabank Colpatria S.A. Sustainability Profile
Scotiabank Colpatria S.A., a prominent financial institution headquartered in Bogotá, Colombia, operates extensively across the country, providing a wide range of banking services. Founded in 1956, the bank has established itself as a key player in the Colombian banking sector, focusing on retail and corporate banking, investment services, and insurance products. With a commitment to innovation, Scotiabank Colpatria offers unique financial solutions tailored to meet the diverse needs of its clients. Its core products include personal loans, credit cards, and savings accounts, all designed to enhance customer experience and financial well-being. The bank's strong market position is underscored by its notable achievements in customer service and digital banking advancements, making it a trusted choice for individuals and businesses alike in Colombia's competitive financial landscape.
DitchCarbon Score
How does Scotiabank Colpatria 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 Colpatria S.A.'s score of 54 is higher than 74% 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 Colpatria S.A., headquartered in Colombia, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The organisation is a current subsidiary of The Bank of Nova Scotia, which may influence its climate commitments and reporting practices. While Scotiabank Colpatria S.A. has not established specific reduction targets or initiatives, it is important to note that it inherits climate-related commitments and performance metrics from its parent company, The Bank of Nova Scotia. This includes data cascaded from the second level of the corporate family relationship, which may provide insights into broader sustainability efforts. The Bank of Nova Scotia has engaged in various climate initiatives, including participation in the Carbon Disclosure Project (CDP), which may inform Scotiabank Colpatria S.A.'s future climate strategies. However, without specific emissions data or defined reduction targets, the current status of Scotiabank Colpatria S.A.'s carbon footprint and climate commitments remains unclear.
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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 Colpatria S.A.'s Industry?
How Carbon Intensive is Scotiabank Colpatria S.A.'s Location?
Scotiabank Colpatria S.A.'s Scope 3 Categories Breakdown
Scotiabank Colpatria 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 Colpatria 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 Colpatria 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.
