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)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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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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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 Annual Report 2023
a. Banco de Chile's Annual Report 2023
b. Banco de Chile's Annual Report 2022
b. Banco de Chile's Annual Report 2022

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). a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a b

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. a

What are Banco de Chile's Scope 2 emissions?

In 2023, Banco de Chile reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 8,810 tCO₂e using the location-based method. a

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. a b

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. a

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. a

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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

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. a

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 CO₂ equivalent (tCO₂e). 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 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. a b

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. a

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

  • Downstream Transportation and Distribution (Cat. 9): 18,738 tCO₂e (62.31%)
  • Employee Commuting (Cat. 7): 6,770 tCO₂e (22.51%)
  • Upstream Transportation and Distribution (Cat. 4): 1,375 tCO₂e (4.57%)

Banco de Chile's Scope 3 Emissions by Categories

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

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

In 2023, Banco de Chile reported Scope 1 greenhouse gas (GHG) emissions of 4,016 tCO₂e and total revenues of USD 3,374 millions. This translates into an emissions intensity of 1.19 tCO₂e per millions USD. a

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

202001,00010,00050,000Scope 1 Emissions (tCO2e)2005002,0005,00010,000Revenues (Millions of USD)TTBanco Itau ChileYear: 2023Scope 1: 261 tCO2eRevenue: $M 1,701Scope 1 Intensity: 0.15 tCO2e/$MBCIYear: 2023Scope 1: 395 tCO2eRevenue: $M 3,328Scope 1 Intensity: 0.12 tCO2e/$MGrupo SecurityYear: 2023Scope 1: 140 tCO2eRevenue: $M 1,647Scope 1 Intensity: 0.09 tCO2e/$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: $M 2,518Scope 1 Intensity: 0.96 tCO2e/$MSCSBYear: 2024Scope 1: 2,332 tCO2eRevenue: $M 1,561Scope 1 Intensity: 1.49 tCO2e/$MTTTCFHCYear: 2024Scope 1: 2,738 tCO2eRevenue: $M 2,008Scope 1 Intensity: 1.36 tCO2e/$MJyske BankYear: 2023Scope 1: 639 tCO2eRevenue: $M 2,199Scope 1 Intensity: 0.29 tCO2e/$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: 2023Scope 1: 1,331 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.76 tCO2e/$MSinopac Financial HoldingsYear: 2023Scope 1: 1,508 tCO2eRevenue: $M 1,722Scope 1 Intensity: 0.88 tCO2e/$MTTTS Financial HoldingYear: 2024Scope 1: 1,932 tCO2eRevenue: $M 2,644Scope 1 Intensity: 0.73 tCO2e/$MBank HapoalimYear: 2024Scope 1: 3,876 tCO2eRevenue: $M 6,008Scope 1 Intensity: 0.65 tCO2e/$MBanco de ChileYear: 2023Scope 1: 4,016 tCO2eRevenue: $M 3,374Scope 1 Intensity: 1.19 tCO2e/$M

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

In 2023, Banco de Chile reported a Scope 1 emissions intensity of 1.19 tCO₂e per millions USD. Compared to the peer group median of 0.76 , 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 2023, Banco de Chile ranked 19 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Banco de Chile is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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 CO₂ equivalent (tCO₂e) 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. a

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%. a

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