Scotiabank (Panama) S.A. Sustainability Profile
Scotiabank (Panama) S.A., a prominent subsidiary of the Canadian banking giant Scotiabank, is headquartered in Panama City, Panama. Established in 1975, the bank has grown to become a key player in the financial services industry, primarily serving the Central American and Caribbean regions. Specialising in retail and commercial banking, Scotiabank (Panama) offers a diverse range of products, including personal loans, mortgages, and investment services, distinguished by their customer-centric approach and innovative digital solutions. The bank has achieved notable milestones, such as expanding its branch network and enhancing its online banking capabilities, solidifying its market position as a trusted financial partner. With a commitment to excellence and community engagement, Scotiabank (Panama) continues to play a vital role in the region's economic development.
DitchCarbon Score
How does Scotiabank (Panama) 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 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
Scotiabank (Panama) S.A.'s score of 53 is higher than 72% 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 (Panama) S.A. currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The organisation is a current subsidiary of The Bank of Nova Scotia, which may influence its climate commitments and emissions reporting. As a subsidiary, Scotiabank (Panama) S.A. inherits its climate performance data from The Bank of Nova Scotia, which operates at a cascade level of 2. However, no specific reduction targets or initiatives have been documented for Scotiabank (Panama) S.A. itself. The parent company may have broader sustainability goals, but these have not been explicitly detailed for the Panamanian subsidiary. In the context of climate commitments, Scotiabank (Panama) S.A. appears to be aligned with the initiatives of its parent company, which may include participation in frameworks such as the Carbon Disclosure Project (CDP). However, without specific data or targets, it is challenging to assess the subsidiary's individual contributions to carbon reduction or climate action. Overall, while Scotiabank (Panama) S.A. is part of a larger corporate family that may have established climate commitments, the lack of specific emissions data and reduction targets limits the ability to evaluate its environmental impact and initiatives comprehensively.
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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 (Panama) S.A.'s Industry?
How Carbon Intensive is Scotiabank (Panama) S.A.'s Location?
Scotiabank (Panama) S.A.'s Scope 3 Categories Breakdown
Scotiabank (Panama) 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.
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Scotiabank (Panama) 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 (Panama) 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.
