Banco Macro S.A.
Banco Macro S.A., a leading financial institution in Argentina, is headquartered in Buenos Aires. Established in 1985, the bank has grown to become a significant player in the Argentine banking sector, primarily serving the retail and corporate banking markets. With a strong presence across various regions, Banco Macro offers a comprehensive range of services, including personal and business loans, savings accounts, and investment products. The bank is renowned for its customer-centric approach and innovative digital banking solutions, which set it apart from competitors. Over the years, Banco Macro has achieved notable milestones, including being listed on the New York Stock Exchange, reflecting its robust market position. As a trusted financial partner, Banco Macro continues to enhance its offerings, catering to the diverse needs of its clients throughout Argentina.
DitchCarbon Score
How does Banco Macro S.A.'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
Banco Macro S.A.'s score of 38 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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Banco Macro S.A.'s reported carbon emissions
In 2023, Banco Macro S.A. reported total carbon emissions of approximately 48,000 kg CO2e, comprising 8,000 kg CO2e from Scope 1 and 40,000 kg CO2e from Scope 3 emissions. Notably, there were no reported emissions from Scope 2. This represents a significant reduction in emissions compared to 2022, where the bank's total emissions were about 634,850 kg CO2e, with 388,000 kg CO2e from Scope 1, 8,860,690 kg CO2e from Scope 2, and 243,850 kg CO2e from Scope 3. In 2021, emissions were recorded at approximately 6,000,000 kg CO2e, with 203,160 kg CO2e from Scope 1, 6,025,810 kg CO2e from Scope 2, and 20,770 kg CO2e from Scope 3. The data indicates a trend of decreasing emissions over the years, particularly in Scope 1 and Scope 2 categories. Banco Macro S.A. has not set specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction initiatives suggests that while the bank has made progress in reducing emissions, it may benefit from establishing clear climate commitments to enhance its sustainability profile. All emissions data is reported directly from Banco Macro S.A. without any cascaded information from parent or related organizations.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 203,160 | 000,000 | 0,000 |
| Scope 2 | 6,025,810 | 0,000,000 | - |
| Scope 3 | 20,770 | 000,000 | 00,000 |
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.
Banco Macro S.A. 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.
