Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte Sustainability Profile
Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, commonly known as Banorte, is a leading financial institution headquartered in Monterrey, Mexico. Established in 1899, Banorte has grown to become one of the largest banks in the country, serving a diverse clientele across various regions, including the northern and central parts of Mexico. Specialising in a wide range of banking services, Banorte offers personal and commercial banking, investment services, and insurance products. Its commitment to innovation and customer service distinguishes it in the competitive financial landscape. Notably, Banorte has achieved significant milestones, including its merger with Grupo Financiero IXE in 2015, solidifying its market position. With a strong focus on sustainability and community development, Banorte continues to be a prominent player in Mexico's banking sector.
DitchCarbon Score
How does Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte'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 Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte's score of 44 is higher than 67% 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 Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The organisation is a current subsidiary of Grupo Financiero Banorte, S.A.B. de C.V., from which it inherits its climate commitments and initiatives. As part of its climate strategy, Banco Mercantil del Norte aligns with the broader sustainability goals set by its parent company, Grupo Financiero Banorte. However, there are no documented reduction targets or specific climate pledges available at this time. The lack of emissions data and reduction initiatives suggests that the bank may still be in the early stages of formalising its climate commitments. In summary, while Banco Mercantil del Norte is part of a larger financial group with potential climate initiatives, specific emissions data and reduction targets are currently not disclosed. The organisation's future climate commitments may evolve as it aligns more closely with the sustainability frameworks established by Grupo Financiero Banorte.
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| 2013 | 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,021,110 | 0,000,000 | 0,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 65,626,410 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | - | 000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte's Industry?
How Carbon Intensive is Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte's Location?
Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte'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 Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte 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.
