Banco del Estado de Chile
Banco del Estado de Chile, commonly referred to as BancoEstado, is a prominent financial institution headquartered in Santiago, Chile. Established in 1855, it has played a pivotal role in the Chilean banking sector, focusing on providing accessible banking services to individuals and businesses across the country. With a strong presence in both urban and rural areas, BancoEstado operates throughout Chile, ensuring financial inclusion for all citizens. As a state-owned bank, BancoEstado offers a diverse range of products and services, including savings accounts, loans, and investment options, distinguished by their commitment to social responsibility and customer service. The bank has achieved notable milestones, such as being the first in Chile to introduce mobile banking solutions, enhancing convenience for its clients. With a solid market position, BancoEstado continues to be a leader in promoting financial literacy and economic development in Chile.
DitchCarbon Score
How does Banco del Estado de Chile'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
Banco del Estado de Chile's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco del Estado de Chile's reported carbon emissions
In 2021, Banco del Estado de Chile reported total carbon emissions of approximately 23,060,000 kg CO2e. This figure includes Scope 1 emissions of about 2,306,000 kg CO2e, Scope 2 emissions of around 16,361,000 kg CO2e, and Scope 3 emissions totalling approximately 9,980,000 kg CO2e. Within Scope 3, significant contributors included waste generated in operations at about 1,266,000 kg CO2e and upstream transportation and distribution emissions of approximately 1,758,000 kg CO2e. Despite the substantial emissions, Banco del Estado de Chile has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments or science-based targets suggests a need for further action in aligning with industry standards for climate responsibility.
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| 2021 | |
|---|---|
| Scope 1 | 2,306,000 |
| Scope 2 | 16,361,000 |
| Scope 3 | 9,980,000 |
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.
Banco del Estado de Chile 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.
