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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 2024, 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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0000000
Total Scope 2
Market-Based
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b
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Banco de Chile’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Banco de Chile’s data sources below and access millions more through our Disclosure Search.

a. Banco de Chile's Verification report 2024
a. Banco de Chile's Verification report 2024
b. Banco de Chile's Annual Report 2023
b. Banco de Chile's Annual Report 2023

Insights into Banco de Chile's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofBanco de Chile amounted to10,043metric 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).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Banco de Chiledecreased by 21.7%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Banco de Chile's Scope 1 Emissions Over Time

20192020202120222023202401.5 k3 k4.5 k6 ktCO2e-29%+40%-11%+145%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Banco de Chile's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Banco de Chile were 3,932 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

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

Since 2019, Banco de Chile's Scope 1 emissions have increased by 112.66%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Banco de Chile's Scope 1 emissions decreased by 2.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab

What are Banco de Chile's Scope 2 emissions?

In 2024, Banco de Chile reported Scope 2 greenhouse gas (GHG) emissions of 6,111 tCOâ‚‚e using the location-based method.a

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

Since 2019, Banco de Chile's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 57.48%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Banco de Chile's Scope 2 emissions(Location-Based) fell by 30.64% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab

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

In 2024, Banco de Chile reported its Scope 2 emissions using the location-based method.a

Banco de Chile's Scope 2 Emissions Over Time

20192020202120222023202404 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Banco de Chile's Value Chain Emissions

In 2024, Banco de Chile reported 29,076 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Banco de Chile includes a breakdown across 7of the 15 Scope 3 categories defined by the GHG Protocol,down from 8 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a

Banco de Chile's Scope 3 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e-32%-3%-14%-2%-6%
  • Total Scope 3
  • Year-over-Year Change

What are Banco de Chile's Scope 3 emissions?

In 2024, Banco de Chile reported total Scope 3 emissions of 29,076 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

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.a

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

Since 2019, Banco de Chile's Scope 3 emissionshave decreased by 47.23%, reflecting a declining long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), 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.ab

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

In 2024, Banco de Chile reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a

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 2024, the largest contributors to Banco de Chile's Scope 3 emissions were:a

  • Downstream Transportation and Distribution (Cat. 9): 19,309 tCOâ‚‚e(66.41%)
  • Employee Commuting (Cat. 7): 6,003 tCOâ‚‚e(20.65%)
  • Upstream Transportation and Distribution (Cat. 4): 1,442 tCOâ‚‚e(4.96%)

Banco de Chile's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(5.0%)Employee Commuting(Cat. 7)(20.6%)DownstreamTransportation andDistribution(Cat. 9)(66.4%)

Insights into Banco de Chile’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Banco de Chile reported Scope 1 greenhouse gas (GHG) emissions of 3,932 tCOâ‚‚e and total revenues of USD 3,058 millions. This translates into an emissions intensity of 1.29 tCOâ‚‚e per millions USD.a

Banco de Chile's Scope 1 Emissions Intensity Compared to Peers

202001,00010,00050,000Scope 1 Emissions (tCO2e)2005001,0002,0005,000Revenues (Millions of USD)TTBanco Itau ChileYear: 2024Scope 1: 745 tCO2eRevenue: $M 1,633Scope 1 Intensity: 0.46 tCO2e/$MBCIYear: 2024Scope 1: 410 tCO2eRevenue: $M 3,045Scope 1 Intensity: 0.13 tCO2e/$MGrupo SecurityYear: 2023Scope 1: 140 tCO2eRevenue: $M 1,647Scope 1 Intensity: 0.09 tCO2e/$MWintrust FinancialYear: 2024Scope 1: 2,900 tCO2eRevenue: $M 2,451Scope 1 Intensity: 1.18 tCO2e/$MFederal BankYear: 2025Scope 1: 2,111 tCO2eRevenue: $M 1,685Scope 1 Intensity: 1.25 tCO2e/$MKakaoBankYear: 2024Scope 1: 59 tCO2eRevenue: $M 1,039Scope 1 Intensity: 0.06 tCO2e/$MBanca GeneraliYear: 2023Scope 1: 433 tCO2eRevenue: $M 1,017Scope 1 Intensity: 0.43 tCO2e/$MFIBIYear: 2024Scope 1: 1,506 tCO2eRevenue: $M 1,797Scope 1 Intensity: 0.84 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MIndian Overseas BankYear: 2025Scope 1: 5,676 tCO2eRevenue: $M 1,932Scope 1 Intensity: 2.94 tCO2e/$MUnicaja BancoYear: 2024Scope 1: 1,595 tCO2eRevenue: $M 2,215Scope 1 Intensity: 0.72 tCO2e/$MShinkin Central BankYear: 2024Scope 1: 1,367 tCO2eRevenue: $M 1,548Scope 1 Intensity: 0.88 tCO2e/$MBanca MediolanumYear: 2024Scope 1: 2,412 tCO2eRevenue: $M 2,518Scope 1 Intensity: 0.96 tCO2e/$MTTTCFHCYear: 2024Scope 1: 2,738 tCO2eRevenue: $M 2,008Scope 1 Intensity: 1.36 tCO2e/$MJyske BankYear: 2024Scope 1: 640 tCO2eRevenue: $M 1,967Scope 1 Intensity: 0.33 tCO2e/$MAU Small Finance BankYear: 2025Scope 1: 317 tCO2eRevenue: $M 1,234Scope 1 Intensity: 0.26 tCO2e/$MBanco Santander ChileYear: 2024Scope 1: 564 tCO2eRevenue: $M 2,611Scope 1 Intensity: 0.22 tCO2e/$MBanca Popolare di SondrioYear: 2024Scope 1: 3,441 tCO2eRevenue: $M 1,859Scope 1 Intensity: 1.85 tCO2e/$MAlinma BankYear: 2024Scope 1: 1,201 tCO2eRevenue: $M 2,911Scope 1 Intensity: 0.41 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$MIDBI BankYear: 2025Scope 1: 2,361 tCO2eRevenue: $M 2,106Scope 1 Intensity: 1.12 tCO2e/$MBAWAG GroupYear: 2024Scope 1: 812 tCO2eRevenue: $M 1,732Scope 1 Intensity: 0.47 tCO2e/$MSinopac Financial HoldingsYear: 2024Scope 1: 1,439 tCO2eRevenue: $M 1,941Scope 1 Intensity: 0.74 tCO2e/$MTTTS Financial HoldingYear: 2024Scope 1: 1,932 tCO2eRevenue: $M 2,644Scope 1 Intensity: 0.73 tCO2e/$MBanco de ChileYear: 2024Scope 1: 3,932 tCO2eRevenue: $M 3,058Scope 1 Intensity: 1.29 tCO2e/$M

How does Banco de Chile's GHG emissions intensity compare to its peers?

In 2024, Banco de Chile reported a Scope 1 emissions intensity of 1.29 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.74, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Banco de Chile rank on GHG emissions intensity within its industry?

In 2024, Banco de Chile ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Banco de Chile among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Banco de Chile's Total Carbon Footprint

In 2024, Banco de Chile reported a total carbon footprint of 39,119 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.53% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Banco de Chile's total carbon footprint was Scope 3 emissions, accounting for 74.33% of the company's total carbon footprint, followed by Scope 2 emissions at 15.62%.a

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