Credicorp
Credicorp Ltd., headquartered in Peru (PE), is a leading financial services holding company with a strong presence across Latin America. Founded in 1995, Credicorp has established itself as a key player in the banking and insurance sectors, primarily through its subsidiaries, including Banco de Crédito del Perú and Grupo Pacifico. The company offers a diverse range of products and services, including retail and corporate banking, asset management, and insurance solutions, distinguished by their customer-centric approach and innovative technology. Credicorp's commitment to excellence has earned it a prominent market position, making it one of the largest financial institutions in the region. With a focus on sustainable growth and financial inclusion, Credicorp continues to achieve significant milestones, reinforcing its reputation as a trusted partner in the financial landscape of Latin America.
DitchCarbon Score
How does Credicorp's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Credicorp's score of 48 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credicorp's reported carbon emissions
In 2024, Credicorp reported total carbon emissions of approximately 36,737,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 5,041,000 kg CO2e, while Scope 2 emissions totalled approximately 4,106,000 kg CO2e (market-based) and 12,861,000 kg CO2e (location-based). The majority of emissions stemmed from Scope 3, amounting to around 27,590,000 kg CO2e. In 2023, the company recorded total emissions of about 44,219,000 kg CO2e, with Scope 1 emissions at approximately 2,323,000 kg CO2e, Scope 2 emissions at around 16,181,000 kg CO2e (market-based), and Scope 3 emissions at about 25,715,000 kg CO2e. Credicorp has set ambitious climate commitments, aiming to remain carbon neutral for both Scope 1 and Scope 2 emissions from 2023 to 2050. Notably, they achieved a 19% reduction in market-based Scope 2 emissions from 16,181,000 kg CO2e in 2023 to 4,106,000 kg CO2e in 2024 through the purchase of renewable energy certificates (RECs). Overall, Credicorp's climate strategy reflects a commitment to significant emissions reductions and long-term sustainability goals, aligning with industry standards for climate action.
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| 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Credicorp is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
