Public Profile

Banco Azteca, S.A., Institución de Banca Múltiple

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.

27

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.

27

Industry Benchmark

Banco Azteca, S.A., Institución de Banca Múltiple's score of 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.

51%

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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 62,367,200 kg CO2e, comprising 3,424,900 kg CO2e from Scope 1, 58,942,300 kg CO2e from Scope 2, and 35,024,500 kg CO2e from Scope 3 emissions. This represents a slight increase in emissions compared to 2022, where total emissions were about 60,016,200 kg CO2e, with Scope 1 and Scope 2 emissions at 2,597,600 kg CO2e and 56,987,900 kg CO2e, respectively. The bank has disclosed emissions data across all three scopes, indicating a commitment to transparency in its climate impact. However, there are currently no specific reduction targets or initiatives outlined in their reports, suggesting a potential area for improvement in their climate strategy. The absence of defined reduction targets may limit their ability to effectively address and mitigate their carbon footprint in the future. Overall, Banco Azteca's emissions data highlights the need for enhanced climate commitments and actionable reduction strategies to align with global sustainability goals.

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202120222023
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banco Azteca, S.A., Institución de Banca Múltiple's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Banco Azteca, S.A., Institución de Banca Múltiple is in MX, which has a medium grid carbon intensity relative to other regions.

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 Azteca, S.A., Institución de Banca Múltiple 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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