BAC International Bank, Inc.
BAC International Bank, Inc., commonly referred to as BAC, is a prominent financial institution headquartered in Pennsylvania. Established in 1976, BAC has grown to become a key player in the banking industry, primarily serving Central America and the Caribbean. The bank offers a diverse range of services, including personal and commercial banking, investment solutions, and wealth management, distinguished by its commitment to customer-centric solutions and innovative financial products. With a strong market presence, BAC International Bank has achieved notable milestones, including expanding its operational footprint across several countries. The bank's focus on digital banking and personalised service has positioned it as a trusted partner for individuals and businesses alike, making it a leader in the region's financial landscape.
DitchCarbon Score
How does BAC International Bank, Inc.'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 Financial Intermediation 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
BAC International Bank, Inc.'s score of 37 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BAC International Bank, Inc.'s reported carbon emissions
In 2024, BAC International Bank, Inc. reported total carbon emissions of approximately 32,931,270 kg CO2e. This figure includes Scope 1 emissions of about 5,645,390 kg CO2e, Scope 2 emissions of approximately 13,354,600 kg CO2e, and Scope 3 emissions totalling around 13,931,150 kg CO2e. For the year 2023, the bank's emissions in Panama were recorded at approximately 1,575,030 kg CO2e for Scope 1, 2,244,000 kg CO2e for Scope 2, and 639,900 kg CO2e for Scope 3. This indicates a comprehensive approach to emissions reporting, covering all three scopes. BAC International Bank has set ambitious reduction targets, aiming for a 71% reduction in emissions intensity for both Scope 1 and Scope 2 by 2030, starting from a baseline established in 2022. Additionally, the bank is actively working on improving data quality for its Business Banking portfolio, with a long-term goal of achieving net-zero emissions by 2050. These commitments reflect BAC's dedication to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and environmental responsibility.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 7,645,920 | 0,000,000 |
| Scope 2 | 13,017,690 | 00,000,000 |
| Scope 3 | 10,619,010 | 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.
BAC International Bank, Inc. 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.
