Banco Azteca, S.A., Institución de Banca Múltiple Sustainability Profile
Banco Azteca, S.A., Institución de Banca Múltiple, is a prominent financial institution headquartered in Mexico City, Mexico. Established in 2002, it has rapidly grown to become a key player in the banking sector, primarily serving the Latin American market. The bank focuses on retail banking, offering a range of services including personal loans, savings accounts, and insurance products, all designed to meet the needs of its diverse clientele. What sets Banco Azteca apart is its commitment to financial inclusion, providing accessible banking solutions to underserved populations. With a strong presence in Mexico and expanding operations in Central America, the bank has achieved significant milestones, including a robust network of branches and ATMs. Its innovative approach and customer-centric services have solidified its position as a trusted financial partner in the region.
DitchCarbon Score
How does Banco Azteca, S.A., Institución de Banca Múltiple'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 Azteca, S.A., Institución de Banca Múltiple's score of 27 is lower than 55% 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 Azteca, S.A., Institución de Banca Múltiple's reported carbon emissions
In 2023, Banco Azteca, S.A., Institución de Banca Múltiple reported total carbon emissions of approximately 42,000,000 kg CO2e. This figure includes 3,424,900 kg CO2e from Scope 1 emissions, 58,942,300 kg CO2e from Scope 2 emissions, and 35,024,500 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 62,367,200 kg CO2e. Comparatively, in 2022, the bank's emissions were approximately 60,016,200 kg CO2e, with Scope 1 emissions at 2,597,600 kg CO2e and Scope 2 emissions at 56,987,900 kg CO2e. The data indicates a slight increase in total emissions from 2022 to 2023. Banco Azteca has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets suggests that the bank has not yet formalised a strategy for significant emissions reductions. Furthermore, there are no climate pledges or documented reduction initiatives reported. The emissions data is not cascaded from any parent organisation, indicating that Banco Azteca is independently reporting its carbon footprint. The bank's commitment to addressing climate change remains unclear, as no specific initiatives or targets have been outlined in the available data.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 2,760,300 | 0,000,000 | 0,000,000 |
| Scope 2 | 53,964,300 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 |
How Carbon Intensive is Banco Azteca, S.A., Institución de Banca Múltiple's Industry?
How Carbon Intensive is Banco Azteca, S.A., Institución de Banca Múltiple's Location?
Banco Azteca, S.A., Institución de Banca Múltiple's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banco Azteca, S.A., Institución de Banca Múltiple has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
