In 2024, Banco Santander 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 Santander Chile 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 | 564a | 477a | 483a | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 5,130a | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 7,865a | 8,236a | 1,900a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.216a | 0.2199a | 0.1859a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Banco Santander Chile amounted to 564 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 Santander Chile increased by 18.24%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Banco Santander Chile were 564 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Banco Santander Chile's Scope 1 emissions have decreased by 10.05%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Banco Santander Chile's Scope 1 emissions increased by 18.24%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Banco Santander Chile reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method.a
In 2024, Banco Santander Chile reported its Scope 2 emissions using the market-based method.a
In 2024, Banco Santander Chile reported 7,865 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 Santander Chile includes a breakdown across 5 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 Santander Chile reported total Scope 3 emissions of 7,865 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 2019, Banco Santander Chile's Scope 3 emissions have increased by 128.57%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Banco Santander Chile's Scope 3 emissions remained relatively stable, indicating that Banco Santander Chile's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Banco Santander Chile reported emissions for 5 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 Santander Chile's Scope 3 emissions were:a
In 2024, Banco Santander Chile reported Scope 1 greenhouse gas (GHG) emissions of 564 tCO₂e and total revenues of USD 2,611 millions. This translates into an emissions intensity of 0.22 tCO₂e per millions USD.a
In 2024, Banco Santander Chile reported a Scope 1 emissions intensity of 0.22 tCO₂e per millions USD. Compared to the peer group median of 0.9, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Banco Santander Chile ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Banco Santander Chile among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Banco Santander Chile reported a total carbon footprint of 8,429 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.26% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Banco Santander Chile's total carbon footprint was Scope 3 emissions, accounting for 93.31% of the company's total carbon footprint, followed by Scope 1 emissions at 6.69%.a