Security Bank Corporation
Security Bank Corporation, commonly referred to as Security Bank, is a prominent financial institution headquartered in the Philippines. Established in 1948, the bank has grown to become a key player in the Philippine banking industry, with a strong presence in major operational regions across the country. Specialising in a range of services, Security Bank offers personal and corporate banking, investment services, and treasury management. Its commitment to innovation and customer service sets it apart, particularly with unique products like its digital banking solutions. Over the years, Security Bank has achieved significant milestones, including recognition for its financial stability and customer satisfaction. With a solid market position, Security Bank continues to be a trusted partner for individuals and businesses alike, reflecting its dedication to excellence in the banking sector.
DitchCarbon Score
How does Security Bank Corporation'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
Security Bank Corporation's score of 19 is lower than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Security Bank Corporation's reported carbon emissions
In 2021, Security Bank Corporation, headquartered in the Philippines, reported total carbon emissions of approximately 10,300,000 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. The bank's Scope 1 emissions were recorded at zero, reflecting no direct emissions from owned or controlled sources. Comparatively, in 2020, the bank's Scope 2 emissions were about 9,600,000 kg CO2e, while in 2019, they reported both Scope 1 and Scope 2 emissions totalling approximately 11,800,000 kg CO2e, with Scope 1 emissions at 100,000 kg CO2e. This data suggests a trend of increasing emissions over the years, particularly in Scope 2, which may warrant further investigation into energy consumption practices. Despite the emissions data, Security Bank Corporation has not established specific reduction targets or climate pledges, indicating a potential area for improvement in their sustainability strategy. The absence of Science-Based Targets Initiative (SBTi) commitments or documented reduction initiatives suggests that the bank may need to enhance its climate action framework to align with industry standards. Overall, while Security Bank Corporation has made strides in reporting its emissions, the lack of reduction targets and commitments highlights an opportunity for the bank to strengthen its climate commitments and contribute more effectively to global sustainability efforts.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 100,000 | - | - |
| Scope 2 | 11,700,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
Security Bank Corporation 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.
