Security Bank Corporation
Security Bank Corporation, commonly referred to as Security Bank, is a prominent financial institution headquartered in the Philippines. Established in 1948, the bank has grown to become a key player in the Philippine banking industry, with a strong presence in major operational regions across the country. Specialising in a range of services, Security Bank offers personal and corporate banking, investment services, and treasury management. Its commitment to innovation and customer service sets it apart, particularly with unique products like its digital banking solutions. Over the years, Security Bank has achieved significant milestones, including recognition for its financial stability and customer satisfaction. With a solid market position, Security Bank continues to be a trusted partner for individuals and businesses alike, reflecting its dedication to excellence in the banking sector.
DitchCarbon Score
How does Security Bank Corporation'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
Security Bank Corporation's score of 24 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Security Bank Corporation's reported carbon emissions
In 2022, Security Bank Corporation reported total carbon emissions of approximately 9,463,580 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. Notably, the bank's Scope 1 emissions were recorded at 0 kg CO2e, reflecting no direct emissions from owned or controlled sources. Comparatively, in 2021, the bank's Scope 2 emissions were about 10,300,000 kg CO2e, and in 2020, they were approximately 9,600,000 kg CO2e. This data suggests a slight reduction in emissions from 2021 to 2022, although specific reduction targets or initiatives have not been disclosed. Security Bank Corporation has not established any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, indicating a potential area for future commitment. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Security Bank Corporation. Overall, while the bank has made progress in managing its carbon footprint, further commitments and structured reduction targets could enhance its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 100,000 | - | - | - |
| Scope 2 | 11,700,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Security Bank Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
