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Home › Bank profiles
Banco del Estado de ChileChile
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Created on: 2017-02-21 15:15:37
Last update: 2021-10-14 00:00:00

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Banco del Estado de Chile's head office in Santiago. Photo: Carlos yo via Flickr (CC License CC BY-SA 3.0)

About Banco del Estado de Chile

Banco del Estado de Chile, commercially operating under the brand 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. Banco del Estado 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.

Website http://www.bancoestado.cl
Headquarters
Av. Libertador Bernardo O'Higgins nº1111
Santiago
Chile
CEO/chair Juan Cooper Alvarez
CEO
Supervisor
Annual report Annual integrated report 2020
Ownership

Banco del Estado de Chile is wholly owned by the Republic of Chile.

Complaints and grievances

Banco del Estado de Chile operates a compaints channel which can be accessed here.

Related Dodgy Deals

Banco Del Estado De Chile has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Policy Assessments

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
BancoEstado
2022-06-10
CHL
1001000
Chile
Profile
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20220610
Last update: 2022-06-10
Explanation

BancoEstado aims to achieve carbon neutrality by aligning GHG emissions22 from its lending and investment portfolio with a net zero pathway by 2030.

 

Relevant policies
csr policies
2020-12-01 00:00:00

Comprometidos por un mejor país- Annual report SPANISH

Net Zero commitments, p. 190
2020-12-01 00:00:00
Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

Documents

Type:
Year:
other documents
2021-12-31 00:00:00

Banco Estado joining Net Zero Banking Alliance

2021-12-31 00:00:00 | Banco del Estado de Chile
annual reports
2021-06-15 00:00:00

Annual integrated report 2020

2021-06-15 00:00:00 | Banco del Estado de Chile
csr policies
2020-12-01 00:00:00

Comprometidos por un mejor país- Annual report SPANISH

Net Zero commitments, p. 190
2020-12-01 00:00:00 | BancoEstado
annual reports
2020-10-27 00:00:00

Annual integrated report 2019

2020-10-27 00:00:00 | Banco del Estado de Chile
csr policies
2019-10-18 00:00:00

Social and Environmental Risks Policy

2019-10-18 00:00:00 | Banco del Estado de Chile
annual reports
2019-07-31 00:00:00

Annual integrated report 2018

2019-07-31 00:00:00 | Banco del Estado de Chile
ngo documents
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
csr policies
2018-11-16 00:00:00

Corporate sustainability policy

2018-11-16 00:00:00 | Banco del Estado de Chile
annual reports
2018-03-31 00:00:00

Annual integrated report 2017

2018-03-31 00:00:00 | Banco del Estado
bank documents
2018-01-31 00:00:00

Social bond framework

2018-01-31 00:00:00 | Banco del Estado de Chile
csr policies
2018-01-01 00:00:00

Anti-money laundering statement of BancoEstado and its affiliates

2018-01-01 00:00:00 | Banco del Estado de Chile
annual reports
2016-03-31 00:00:00

Annual integrated report 2015

2016-03-31 00:00:00 | Banco del Estado
csr policies
2013-08-04 00:00:00

Ethics Manual

Document in Spanish
2013-08-04 00:00:00 | Banco del Estado de Chile

Links

EPN assessment of policies against 14 minimum criteria - Banco del Estado de Chile

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/banco-estado/

Policies

Voluntary standards

Banco del Estado de Chile has committed itself to the following voluntary standards:
  • Net-Zero Banking Alliance (NZBA)

Investment policies

Banco del Estado de Chile's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2020-12-01 00:00:00

Comprometidos por un mejor país- Annual report SPANISH

Net Zero commitments, p. 190
2020-12-01 00:00:00 | BancoEstado
csr policies
2019-10-18 00:00:00

Social and Environmental Risks Policy

2019-10-18 00:00:00 | Banco del Estado de Chile
csr policies
2018-11-16 00:00:00

Corporate sustainability policy

2018-11-16 00:00:00 | Banco del Estado de Chile
csr policies
2018-01-01 00:00:00

Anti-money laundering statement of BancoEstado and its affiliates

2018-01-01 00:00:00 | Banco del Estado de Chile
csr policies
2013-08-04 00:00:00

Ethics Manual

Document in Spanish
2013-08-04 00:00:00 | Banco del Estado de Chile

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