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 27 is lower than 51% 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 2023, Security Bank Corporation reported total carbon emissions of approximately 14,164,870 kg CO2e, with Scope 1 emissions at about 657,270 kg CO2e and Scope 2 emissions at approximately 13,507,600 kg CO2e. This represents a decrease from 2022, when total emissions were about 18,765,410 kg CO2e, with Scope 1 emissions of approximately 795,770 kg CO2e and Scope 2 emissions of about 17,969,640 kg CO2e. In 2021, the bank's total emissions were around 12,735,440 kg CO2e, with Scope 1 emissions of about 1,285,860 kg CO2e and Scope 2 emissions of approximately 11,449,580 kg CO2e. Despite these reductions, Security Bank Corporation has not set specific reduction targets or climate pledges, nor does it report on Scope 3 emissions. The emissions data is not cascaded from any parent organization, indicating that the figures are solely from Security Bank Corporation's own reporting. The bank's commitment to reducing its carbon footprint aligns with industry standards, although further initiatives or targets would enhance its climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,285,860 | 000,000 | 000,000 |
| Scope 2 | 11,449,580 | 00,000,000 | 00,000,000 |
| 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.
