In 2024, Credicorp 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).
Credicorp has also provided a category-level breakdown for 7 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 | 5,041a | 2,323a | 2,065.28b | |
Total Scope 2 | ||||
Market-Based | 4,106a | 16,181a | 15,605a | |
Location-Based | 12,861a | 16,860a | 16,079a | |
Total Scope 3 | 27,590a | 1,054,715a | 3,153,322.31a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.9916a | 0.439a | 0.4706b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Credicorp amounted to 17,902 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 Credicorp decreased by 6.68%, 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 Credicorp were 5,041 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Credicorp's Scope 1 emissions have increased by 144.08%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Credicorp's Scope 1 emissions increased by 117%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Credicorp reported Scope 2 greenhouse gas (GHG) emissions of 4,106 tCO₂e using the market-based method and 12,861 tCO₂e using the location-based method.a
Since 2022, Credicorp's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 20.01%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Credicorp's Scope 2 emissions (Location-Based) fell by 23.72% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Credicorp reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Credicorp reported 27,590 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 Credicorp includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Credicorp reported total Scope 3 emissions of 27,590 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 2022, Credicorp's Scope 3 emissions have decreased by 99.13%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Credicorp's Scope 3 emissions decreased by 97.38%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Credicorp 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.
In 2024, the largest contributors to Credicorp's Scope 3 emissions were:a
In 2024, Credicorp reported Scope 1 greenhouse gas (GHG) emissions of 5,041 tCO₂e and total revenues of USD 1,685 millions. This translates into an emissions intensity of 2.99 tCO₂e per millions USD.a
In 2024, Credicorp reported a Scope 1 emissions intensity of 2.99 tCO₂e per millions USD. Compared to the peer group median of 0.85, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Credicorp ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Credicorp among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Credicorp reported a total carbon footprint of 45,492 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 95.76% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Credicorp's total carbon footprint was Scope 3 emissions, accounting for 60.65% of the company's total carbon footprint, followed by Scope 2 emissions at 28.27%.a