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 41 is higher than 92% 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 22,849,950 kg CO2e, comprising 7,284,950 kg CO2e from Scope 1, 6,680,000 kg CO2e from Scope 2, and 8,000,000 kg CO2e from Scope 3 emissions. This represents a slight decrease in Scope 1 and Scope 2 emissions compared to 2022, where emissions were 8,860,690 kg CO2e and 7,276,850 kg CO2e, respectively. However, Scope 3 emissions increased from 8,228,830 kg CO2e in 2022. In 2022, Banco Macro's total emissions were approximately 24,845,370 kg CO2e, with Scope 1 emissions at 8,860,690 kg CO2e, Scope 2 at 7,276,850 kg CO2e, and Scope 3 at 8,228,830 kg CO2e. The bank's revenue for 2022 was about USD 8.75 billion, indicating a significant operational scale. Despite these emissions figures, there are currently no publicly disclosed reduction targets or climate pledges from Banco Macro. The absence of specific initiatives or commitments suggests that the bank may be in the early stages of developing a comprehensive climate strategy. As the financial sector increasingly prioritises sustainability, Banco Macro's future commitments will be crucial in addressing its carbon footprint and aligning with global climate goals.
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| 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 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.
