Banco Macro S.A. Sustainability Profile
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 61% 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 48,000 kg CO2e, comprising 8,000 kg CO2e from Scope 1 and 40,000 kg CO2e from Scope 3 emissions. Notably, there were no reported emissions from Scope 2. This marks a significant reduction in Scope 1 emissions compared to 2022, where they were approximately 388,000 kg CO2e, while Scope 3 emissions were about 243,850 kg CO2e in the same year. The bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. The emissions data is not cascaded from any parent organization, reflecting Banco Macro S.A.'s independent reporting. Overall, while Banco Macro S.A. has made strides in reducing its Scope 1 emissions, the absence of formal reduction targets suggests that further action may be necessary to enhance its climate commitments and overall sustainability strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 203,160 | 000,000 | 0,000 |
| Scope 2 | 6,025,810 | 0,000,000 | - |
| Scope 3 | 20,770 | 000,000 | 00,000 |
How Carbon Intensive is Banco Macro S.A.'s Industry?
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Banco Macro S.A.'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 Macro S.A. 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.
