Banco de Chile

Country
Chile
Sector
Financial Services
Industry
Banks - Regional
Employees
11,614
Ticker
CHILE
Exchange
SANTIAGO STOCK EXCHANGE
Description
Banco de Chile is a prominent financial institution that operates within the banking sector in Chile. Its primary function is to provide comprehensive banking services, including commercial and retail...

Banco de Chile's GHG Emissions Data Preview

In 2023, Banco de Chile completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Banco de Chile has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Banco de Chile's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Banco de Chile amounted to 12,826 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Banco de Chile increased by 20.62%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Banco de Chile's Scope 1 Emissions Over Time

20182019202020212022202301.5 k3 k4.5 k6 ktCO2e+5%-29%+40%-11%+145%
  • Total Scope 1
  • Year-over-Year Change

What are Banco de Chile's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Banco de Chile were 4,016 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Banco de Chile reduced its Scope 1 emissions over time?

Since 2018, Banco de Chile's Scope 1 emissions have increased by 127.79%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Banco de Chile's Scope 1 emissions increased by 144.88%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Banco de Chile's Scope 2 emissions?

In 2023, Banco de Chile reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method, and 8,810 tCOâ‚‚e using the location-based method.

Has Banco de Chile reduced its Scope 2 emissions over time?

Since 2018, Banco de Chile's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 44.63%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Banco de Chile's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Banco de Chile 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Banco de Chile use for Scope 2 reporting?

In 2023, Banco de Chile reported its Scope 2 emissions using the market-based method and using the location-based method.

Banco de Chile's Scope 2 Emissions Over Time

20182019202020212022202304 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Banco de Chile's Value Chain Emissions

In 2023, Banco de Chile reported 30,899 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Banco de Chile includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Banco de Chile's Scope 3 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e-8%-32%-3%-14%-2%
  • Total Scope 3
  • Year-over-Year Change

What are Banco de Chile's Scope 3 emissions?

In 2023, Banco de Chile reported total Scope 3 emissions of 30,899 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Banco de Chile reduced its Scope 3 emissions over time?

Since 2018, Banco de Chile's Scope 3 emissions have decreased by 48.36%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Banco de Chile's Scope 3 emissions remained relatively stable, indicating that Banco de Chile 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Banco de Chile disclose?

In 2023, Banco de Chile reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Banco de Chile's Scope 3 emissions?

In 2023, the largest contributors to Banco de Chile's Scope 3 emissions were:

  • Downstream Transportation and Distribution (Cat. 9): 18,738 tCOâ‚‚e (62.31%)
  • Employee Commuting (Cat. 7): 6,770 tCOâ‚‚e (22.51%)
  • Upstream Transportation and Distribution (Cat. 4): 1,375 tCOâ‚‚e (4.57%)

Banco de Chile's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(4.6%)Employee Commuting(Cat. 7)(22.5%)DownstreamTransportation andDistribution(Cat. 9)(62.3%)

Insights into Banco de Chile's Total Carbon Footprint

In 2023, Banco de Chile reported a total carbon footprint of 43,725 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.85% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Banco de Chile's total carbon footprint was Scope 3 emissions, accounting for 70.67% of the company's total carbon footprint, followed by Scope 2 emissions at 20.15%.