Grupo Palacio de Hierro, S.A.B. de C.V.
Grupo Palacio de Hierro, S.A.B. de C.V., commonly known as El Palacio de Hierro, is a prominent Mexican retail company headquartered in Mexico City. Established in 1891, it has evolved into a leading player in the luxury department store sector, primarily serving the Mexican market with a focus on high-end fashion, beauty, and home goods. The company operates several flagship stores across major cities in Mexico, offering a curated selection of exclusive brands and unique products. Known for its exceptional customer service and luxurious shopping experience, El Palacio de Hierro has solidified its position as a market leader in the retail industry. With a commitment to quality and innovation, the brand continues to set trends and redefine luxury shopping in Mexico.
DitchCarbon Score
How does Grupo Palacio de Hierro, S.A.B. de C.V.'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 Retail Trade Services 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
Grupo Palacio de Hierro, S.A.B. de C.V.'s score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Palacio de Hierro, S.A.B. de C.V.'s reported carbon emissions
In 2023, Grupo Palacio de Hierro, S.A.B. de C.V. reported an emissions intensity of approximately 20.0 kg CO2e per square metre, although specific total emissions figures for Scope 1, 2, and 3 were not disclosed. The company has not set any formal reduction targets or climate pledges, indicating a lack of structured commitments towards carbon emissions reduction. In 2022, the company generated revenue of about USD 2.18 billion, but again, no specific emissions data was provided. The absence of detailed emissions reporting suggests that Grupo Palacio de Hierro may be in the early stages of developing a comprehensive climate strategy. As of now, there are no cascaded emissions data from parent or related organisations, and the company operates independently in its climate reporting efforts. Overall, Grupo Palacio de Hierro's current climate commitments appear limited, with a need for more robust strategies to address carbon emissions effectively.
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.
Grupo Palacio de Hierro, S.A.B. de C.V. 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.
