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 Scope 2 emissions for this year. Comparatively, in 2022, the bank's emissions were significantly higher, with Scope 1 emissions at 388,000 kg CO2e, Scope 2 emissions at approximately 8,860,690 kg CO2e, and Scope 3 emissions at 243,850 kg CO2e. This indicates a substantial reduction in Scope 1 and Scope 3 emissions from 2022 to 2023. Despite these reductions, Banco Macro S.A. has not established specific science-based targets (SBTi) or documented reduction initiatives. The absence of formal climate pledges suggests that while emissions data is available, the bank may need to enhance its climate commitments and strategies to align with industry standards for sustainability. Overall, Banco Macro S.A. is making progress in reducing its carbon footprint, particularly in Scope 1 and Scope 3 emissions, but further commitments and structured reduction targets would strengthen its climate action framework.
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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.
