Produbanco

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Sustainability Summary

  • This is an unclaimed profile. Produbanco has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
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Produbanco Sustainability Profile

Sustainability Summary

  • This is an unclaimed profile. Produbanco has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
Powered by Tracker AI BETA; there may be errors

What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

Produbanco presents sustainability and corporate social responsibility as a strategic pillar alongside digital transformation. The bank says it has been a leader in sustainability in the Ecuadorian banking sector, has been the number-one lender for sustainable-financing initiatives since 2016, and became a founding signatory of the United Nations Principles for Responsible Banking in 2019. Its sustainability work includes green lending, carbon footprint measurement and offsetting, ESG risk assessment, responsible investment practices, and support for clients through sustainable finance, technical assistance, and stakeholder engagement.

About Produbanco

  • Status
  • Unverified
  • Employees
  • 500+
  • Country
  • Ecuador

Produbanco Sustainability Actions

Leader in sustainable finance

Since 2016, Produbanco says it has been the number-one lender for sustainable-financing initiatives. It states that during the last decade it has emerged as the Ecuadorian banking sector’s clear leader in sustainability.

Signed the PRB in 2019

From September 2019 onwards, Produbanco has been a founding signatory of the United Nations’ Principles for Responsible Banking.

Launched Green Lines

In August 2016, the bank launched its Green Lines program (LĂ­neas Verdes), a series of loans for companies with carbon neutral or energy efficiency certification.

Started Cuenta Verde

In 2019, Produbanco started its “Cuenta Verde” program, described as the first Green Saving Account of the Ecuadorian banking system. The account raises funds for credits in Produbanco’s Green Lines program.

Measures and offsets carbon

Produbanco works with Soluciones Ambientales Totales “SAMBITO” to measure Produbanco and its subsidiaries’ carbon footprint, reduce its impact and offset carbon emissions. Carbon compensation is achieved by supporting the conservation of 950 hectares of native forest in the Tinajillas Río Gualaceño Municipal Ecological Conservation Area.

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Produbanco Sustainability Commitments

2022

Raise Green Lines share

The loans issued through the Green Lines program represented 1% of the total loan portfolio of the Bank, and Produbanco said this number was expected to increase to 3.5% by 2022.

2030

PRB roadmap participation

In 2023, Produbanco was selected from 27 banks worldwide to be part of the core group developing the new banking roadmap for 2030.

2030

Net-Zero Banking Alliance targets

Produbanco joined the Net-Zero Banking Alliance, which requires signatory banks to set emissions-reduction targets for both 2030 and 2050.


What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

About Produbanco

  • Status
  • Unverified
  • Employees
  • 500+
  • Country
  • Ecuador

Sustainable Development Goals

Produbanco is committed to advancing these Global Goals to promote prosperity for people & planet.

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