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 27 is higher than 73% 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 total carbon emissions of approximately 17,042,520 kg CO2e, comprising about 4,427,140 kg CO2e from Scope 1 and about 12,770,380 kg CO2e from Scope 2. This represents a reduction from 2022, where emissions were approximately 15,673,900 kg CO2e, with Scope 1 emissions at about 5,783,900 kg CO2e and Scope 2 emissions at about 9,413,000 kg CO2e. Despite these reductions, the company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data indicates a potential area for future reporting and commitment. Overall, Grupo Palacio de Hierro's emissions reflect its ongoing efforts to manage its carbon footprint, although further transparency and commitment to reduction targets would enhance its climate strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 5,783,900 | 0,000,000 |
| Scope 2 | 9,413,000 | 00,000,000 |
| Scope 3 | - | - |
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.
