In 2024, Banco Pan 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 Pan has also provided a category-level breakdown for 5 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 | 8.8a | 23.46a | 37.1a | |
Total Scope 2 | ||||
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 2,656.87a | 2,716.31a | 2,450.45a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0049a | 0.0113a | 0.021a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Banco Pan amounted to 106.6 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 Pan decreased by 6.12%, 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 Pan were 8.8 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Banco Pan's Scope 1 emissions have decreased by 97.57%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Banco Pan's Scope 1 emissions decreased by 62.49%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Banco Pan reported Scope 2 greenhouse gas (GHG) emissions of 97.8 tCO₂e using the location-based method.a
Compared to the previous year (2023), Banco Pan's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Banco Pan's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Banco Pan reported its Scope 2 emissions using the location-based method.a
In 2024, Banco Pan reported 2,656.87 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 Pan includes a breakdown across 4 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 Pan reported total Scope 3 emissions of 2,656.87 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
Since 2020, Banco Pan's Scope 3 emissions have decreased by 46.93%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Banco Pan's Scope 3 emissions remained relatively stable, indicating that Banco Pan's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Banco Pan reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Banco Pan's Scope 3 emissions were:a
In 2024, Banco Pan reported Scope 1 greenhouse gas (GHG) emissions of 8.8 tCO₂e and total revenues of USD 1,796 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a
In 2024, Banco Pan reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 0.76, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Banco Pan ranked 2 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Banco Pan among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Banco Pan reported a total carbon footprint of 2,763.47 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.35% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Banco Pan's total carbon footprint was Scope 3 emissions, accounting for 96.14% of the company's total carbon footprint, followed by Scope 2 emissions at 3.54%.a