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Scotiabank Chile

Country
Chile
Sector
Financial Services
Industry
Banks - Diversified
Employees
5,873
Ticker
N/A
Description
Scotiabank Chile operates as a financial institution providing a wide range of banking services and products in Chile. As a subsidiary of the multinational financial services company Bank of Nova Scot...

Scotiabank Chile's GHG Emissions Data Preview

In 2024, Scotiabank 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).

However, Scotiabank Chile has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021-2019
Total Scope 1
76.7a
N/A
69b
Total Scope 2
Unspecified Calculation Method
3,956.61a
N/A
6,361b
Total Scope 3
1,174.06a
N/A
509b
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.0457a
N/AN/A
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Verified Sources Behind Scotiabank 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.

a. Scotiabank Chile's Annual Report 2024
b. Scotiabank Chile's Annual Report 2023

Insights into Scotiabank Chile's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Scotiabank Chile amounted to 4,033.31 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 Scotiabank Chile decreased by 37.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Scotiabank Chile's Scope 1 Emissions Over Time

202120222024020406080tCO2e+25%+11%
  • Total Scope 1
  • Year-over-Year Change

What are Scotiabank Chile's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Scotiabank Chile were 76.7 metric tons of CO₂ equivalent (tCO₂e).a

Has Scotiabank Chile reduced its Scope 1 emissions over time?

Since 2021, Scotiabank Chile's Scope 1 emissions have increased by 39.45%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2022), Scotiabank Chile's Scope 1 emissions increased by 11.16%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Scotiabank Chile's Scope 2 emissions?

In 2024, Scotiabank Chile reported Scope 2 greenhouse gas (GHG) emissions of 3,956.61 tCO₂e without specifying the calculation method.a

Has Scotiabank Chile reduced its Scope 2 emissions over time?

Since 2021, Scotiabank Chile's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 59.08%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2022), Scotiabank Chile's Scope 2 emissions (Unspecified Calculation Method) fell by 37.8% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab

What methodology does Scotiabank Chile use for Scope 2 reporting?

In 2024, Scotiabank Chile reported its Scope 2 emissions using an unspecified methodology.a

Scotiabank Chile's Scope 2 Emissions Over Time

20212022202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Scotiabank Chile's Value Chain Emissions

In 2024, Scotiabank Chile reported 1,174.06 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 Scotiabank Chile includes a breakdown across 0 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

Scotiabank Chile's Scope 3 Emissions Over Time

2022202403006009001.2 ktCO2e+131%
  • Total Scope 3
  • Year-over-Year Change

What are Scotiabank Chile's Scope 3 emissions?

In 2024, Scotiabank Chile reported total Scope 3 emissions of 1,174.06 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2022), Scotiabank Chile's Scope 3 emissions increased by 130.66%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

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

In 2024, Scotiabank Chile reported Scope 1 greenhouse gas (GHG) emissions of 76.7 tCO₂e and total revenues of USD 1,678 millions. This translates into an emissions intensity of 0.05 tCO₂e per millions USD.a

Scotiabank Chile's Scope 1 Emissions Intensity Compared to Peers

205005,00050,000500,000Scope 1 Emissions (tCO2e)2002,00010,000100,000500,000Revenues (Millions of USD)Bank of CommunicationsYear: 2024Scope 1: 19,935 tCO2eRevenue: $M 35,409Scope 1 Intensity: 0.56 tCO2e/$MBarclaysYear: 2024Scope 1: 8,949 tCO2eRevenue: $M 32,913Scope 1 Intensity: 0.27 tCO2e/$MING GroepYear: 2023Scope 1: 6,200 tCO2eRevenue: $M 24,990Scope 1 Intensity: 0.25 tCO2e/$MBank of New York MellonYear: 2024Scope 1: 8,291 tCO2eRevenue: $M 18,258Scope 1 Intensity: 0.45 tCO2e/$MBank of Nova ScotiaYear: 2024Scope 1: 25,475 tCO2eRevenue: $M 24,145Scope 1 Intensity: 1.06 tCO2e/$MCIBCYear: 2024Scope 1: 19,410 tCO2eRevenue: $M 18,336Scope 1 Intensity: 1.06 tCO2e/$MSMBC GroupYear: 2025Scope 1: 13,570 tCO2eRevenue: $M 33,781Scope 1 Intensity: 0.40 tCO2e/$MBank of MontrealYear: 2024Scope 1: 33,090 tCO2eRevenue: $M 23,014Scope 1 Intensity: 1.44 tCO2e/$MBBVAYear: 2024Scope 1: 41,856 tCO2eRevenue: $M 40,827Scope 1 Intensity: 1.03 tCO2e/$MMUFGYear: 2024Scope 1: 26,807 tCO2eRevenue: $M 38,828Scope 1 Intensity: 0.69 tCO2e/$MUBS GroupYear: 2024Scope 1: 18,168 tCO2eRevenue: $M 48,617Scope 1 Intensity: 0.37 tCO2e/$MCommonwealth BankYear: 2025Scope 1: 5,592 tCO2eRevenue: $M 18,866Scope 1 Intensity: 0.30 tCO2e/$MToronto-Dominion BankYear: 2024Scope 1: 39,292 tCO2eRevenue: $M 40,407Scope 1 Intensity: 0.97 tCO2e/$MBanco SantanderYear: 2024Scope 1: 35,503 tCO2eRevenue: $M 66,435Scope 1 Intensity: 0.53 tCO2e/$MCitigroupYear: 2024Scope 1: 53,455 tCO2eRevenue: $M 81,091Scope 1 Intensity: 0.66 tCO2e/$MWells Fargo & CoYear: 2024Scope 1: 79,285 tCO2eRevenue: $M 82,297Scope 1 Intensity: 0.96 tCO2e/$MBank of ChinaYear: 2024Scope 1: 77,288 tCO2eRevenue: $M 86,240Scope 1 Intensity: 0.90 tCO2e/$MRoyal Bank of CanadaYear: 2024Scope 1: 23,090 tCO2eRevenue: $M 41,299Scope 1 Intensity: 0.56 tCO2e/$MAgricultural Bank of ChinaYear: 2024Scope 1: 165,276 tCO2eRevenue: $M 97,353Scope 1 Intensity: 1.70 tCO2e/$MHSBC HoldingsYear: 2025Scope 1: 16,698 tCO2eRevenue: $M 66,236Scope 1 Intensity: 0.25 tCO2e/$MICBCYear: 2024Scope 1: 99,600 tCO2eRevenue: $M 111,986Scope 1 Intensity: 0.89 tCO2e/$MChina Construction BankYear: 2024Scope 1: 63,760 tCO2eRevenue: $M 102,278Scope 1 Intensity: 0.62 tCO2e/$MBank of AmericaYear: 2024Scope 1: 65,763 tCO2eRevenue: $M 101,879Scope 1 Intensity: 0.65 tCO2e/$MJPMorgan Chase & CoYear: 2024Scope 1: 100,024 tCO2eRevenue: $M 177,568Scope 1 Intensity: 0.56 tCO2e/$MDoha BankYear: 2023Scope 1: 245 tCO2eRevenue: $M 773Scope 1 Intensity: 0.32 tCO2e/$MScotiabank ChileYear: 2024Scope 1: 77 tCO2eRevenue: $M 1,678Scope 1 Intensity: 0.05 tCO2e/$M

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

In 2024, Scotiabank Chile reported a Scope 1 emissions intensity of 0.05 tCO₂e per millions USD. Compared to the peer group median of 0.62, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Scotiabank Chile rank on GHG emissions intensity within its industry?

In 2024, Scotiabank Chile ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Scotiabank Chile among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Scotiabank Chile's Total Carbon Footprint

In 2024, Scotiabank Chile reported a total carbon footprint of 5,207.37 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 24.96% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Scotiabank Chile's total carbon footprint was Scope 2 emissions, accounting for 75.98% of the company's total carbon footprint, followed by Scope 3 emissions at 22.55%.a

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