In 2024, Banco Itau 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 Itau 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 745a | 693a | 229a | |
Total Scope 2 | ||||
Market-Based | 490a | 0a | 0a | |
Location-Based | 2,364a | 2,692a | 4,340a | |
Total Scope 3 | 11,219a | 12,482a | 14,568a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4561a | 0.4074a | 0.1327a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Banco Itau Chile amounted to 3,109 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 2023, the total operational greenhouse gas (GHG) emissions of Banco Itau Chile decreased by 8.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Banco Itau Chile were 745 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Banco Itau Chile's Scope 1 emissions have increased by 172.89%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Banco Itau Chile's Scope 1 emissions increased by 7.5%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Banco Itau Chile reported Scope 2 greenhouse gas (GHG) emissions of 490 tCO₂e using the market-based method and 2,364 tCO₂e using the location-based method.a
Since 2019, Banco Itau Chile's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 70.05%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Banco Itau Chile's Scope 2 emissions (Location-Based) fell by 12.18% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Banco Itau Chile reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Banco Itau Chile reported 11,219 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 2024 disclosure of Banco Itau Chile includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Banco Itau Chile reported total Scope 3 emissions of 11,219 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 69.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 30.64% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Banco Itau Chile's Scope 3 emissions have decreased by 27.43%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Banco Itau Chile's Scope 3 emissions decreased by 10.12%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Banco Itau 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.
In 2024, the largest contributors to Banco Itau Chile's Scope 3 emissions were:a
In 2024, Banco Itau Chile reported Scope 1 greenhouse gas (GHG) emissions of 745 tCO₂e and total revenues of USD 1,633 millions. This translates into an emissions intensity of 0.46 tCO₂e per millions USD.a
In 2024, Banco Itau Chile reported a Scope 1 emissions intensity of 0.46 tCO₂e per millions USD. Compared to the peer group median of 0.54, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Banco Itau Chile ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Banco Itau Chile is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Banco Itau Chile reported a total carbon footprint of 14,328 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.7% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Banco Itau Chile's total carbon footprint was Scope 3 emissions, accounting for 78.3% of the company's total carbon footprint, followed by Scope 2 emissions at 16.5%.a