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 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banco Macro S.A.'s reported carbon emissions
In 2023, Banco Macro S.A. reported significant carbon emissions, totalling approximately 7,284,950 kg CO2e for Scope 1, 6,680,000 kg CO2e for Scope 2, and 8,000,000 kg CO2e for Scope 3 emissions. This reflects a substantial carbon footprint across all scopes, with Scope 3 emissions primarily driven by purchased goods and services, accounting for about 3,500,000 kg CO2e. In 2022, the bank's emissions were approximately 8,860,690 kg CO2e for Scope 1, 7,276,850 kg CO2e for Scope 2, and 8,228,830 kg CO2e for Scope 3, indicating a slight decrease in Scope 1 and Scope 2 emissions in 2023. However, the overall emissions remain high, particularly in Scope 3. Banco Macro has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This places the bank in a challenging position within the financial sector, where increasing pressure exists to adopt more robust climate commitments and strategies to mitigate carbon emissions.
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Get Started| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 388,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 6,025,810 | 0,000,000 | 0,000,000 |
| Scope 3 | 203,160 | 0,000,000 | 0,000,000 |
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 committed to any reduction initiatives 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.
