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BancoEstadoChile

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Last update: 2024-09-06 13:47:13
Banco del Estado de Chile's head office in Santiago. Photo: Carlos yo via Flickr (CC License CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2024-09-06 13:47:13
Bank info
BankTrack campaigns
All
About
Website http://www.bancoestado.cl
Headquarters
Av. Libertador Bernardo O'Higgins nº1111
Santiago
Chile
CEO/chair Óscar González
CEO
Supervisor
Ownership

BancoEstado is wholly owned by the Republic of Chile.

BancoEstado is the only public bank in Chile and was created by government decree in 1953. The bank offers financial services to consumers and companies, with an emphasis on national coverage in terms of geography and social sectors. The bank particularly focusses on the unbanked and small and medium enterprises. BancoEstado is the country's largest mortgage lender and largest issuer of debit cards. The bank performs all of the Chilean government's financial activities through a single account managed by the General Treasury of the Republic of Chile.

Sustainability
Commitments
Policies
Voluntary standards

BancoEstado's most important sustainability commitments can be found at the website sections listed below.

Links

Corporate sustainability

Commitment to Eliminating Commodity-driven Deforestation

Bank policy
2024-05-22 00:00:00 | BancoEstado

Management of human rights

Bank policy
2024-02-20 00:00:00 | BancoEstado

Corporate Sustainability Policy

Bank policy
2023-04-12 00:00:00 | BancoEstado

Sustainability framework

Bank policy
2023-02-21 00:00:00 | BancoEstado

Social, environmental and climate-related risks policy

Bank policy
2022-09-26 00:00:00 | BancoEstado

Environmental and climate change policy

Bank policy
2021-09-13 00:00:00 | BancoEstado

Social and environmental risk policy

Bank policy
2021-06-14 00:00:00 | BancoEstado

Comprometidos por un mejor país- Annual report SPANISH

Net Zero commitments, p. 190
Bank policy
2020-12-01 00:00:00 | BancoEstado

Anti-money laundering statement of BancoEstado and its affiliates

Bank policy
2018-01-01 00:00:00 | Banco del Estado de Chile

Ethics Manual

Document in Spanish
Bank policy
2013-08-04 00:00:00 | Banco del Estado de Chile
BancoEstado has committed itself to the following voluntary standards:
Global Reporting InitiativeTags: sustainable development | human rights
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Dodgy Deals

BancoEstado is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of BancoEstado's link to these deals.

Projects / Companies
Finance type
Year
News
Resources
Documents
Links

Annual report 2023

Annual report
2024-06-11 00:00:00 | BancoEstado

Commitment to Eliminating Commodity-driven Deforestation

Bank policy
2024-05-22 00:00:00 | BancoEstado

Management of human rights

Bank policy
2024-02-20 00:00:00 | BancoEstado

Annual report 2022

Annual report
2023-07-10 00:00:00 | BancoEstado

Corporate Sustainability Policy

Bank policy
2023-04-12 00:00:00 | BancoEstado

Sustainability framework

Bank policy
2023-02-21 00:00:00 | BancoEstado

Social, environmental and climate-related risks policy

Bank policy
2022-09-26 00:00:00 | BancoEstado

Annual report 2021

Annual report
2022-06-07 00:00:00 | BancoEstado

Banco Estado joining Net Zero Banking Alliance

Other document
2021-12-31 00:00:00 | Banco del Estado de Chile

Environmental and climate change policy

Bank policy
2021-09-13 00:00:00 | BancoEstado

Annual integrated report 2020

Annual report
2021-06-15 00:00:00 | Banco del Estado de Chile

Social and environmental risk policy

Bank policy
2021-06-14 00:00:00 | BancoEstado

Comprometidos por un mejor país- Annual report SPANISH

Net Zero commitments, p. 190
Bank policy
2020-12-01 00:00:00 | BancoEstado

Annual integrated report 2019

Annual report
2020-10-27 00:00:00 | Banco del Estado de Chile

Annual integrated report 2018

Annual report
2019-07-31 00:00:00 | Banco del Estado de Chile

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal

Annual integrated report 2017

Annual report
2018-03-31 00:00:00 | Banco del Estado

Social bond framework

Other bank document
2018-01-31 00:00:00 | Banco del Estado de Chile

Anti-money laundering statement of BancoEstado and its affiliates

Bank policy
2018-01-01 00:00:00 | Banco del Estado de Chile

Annual integrated report 2015

Annual report
2016-03-31 00:00:00 | Banco del Estado

Ethics Manual

Document in Spanish
Bank policy
2013-08-04 00:00:00 | Banco del Estado de Chile
Accountability
Grievances

BancoEstado does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by its finance.

This page evaluates BancoEstado's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Human Rights

Banks and Human Rights

BankTrack assessed BancoEstado in its 2024 Human Rights Benchmark Latin America, part of the series of  BankTrack's Regional Benchmarks, where it achieved 1 points out of 14 and was ranked as a laggard.

The BankTrack Human Rights Benchmark Latin America

Human Rights Benchmark Latin America 2024

BankLast update
Country
Score
Ranking
Details
BancoEstado
CHL
1
Laggard 1
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.
Good Moves

Good moves

Year: