Banco Nacional de México, S.A. Sustainability Profile
Banco Nacional de México, S.A. (commonly known as Banamex) is a leading financial institution headquartered in Mexico City, Mexico. Established in 1884, it has played a pivotal role in the Mexican banking sector, offering a wide range of services across retail banking, corporate finance, and investment solutions. With a strong presence in major operational regions throughout Mexico, Banamex is renowned for its innovative banking products, including personal loans, credit cards, and investment services tailored to meet diverse customer needs. The bank's commitment to customer service and technological advancement has solidified its position as a trusted financial partner. As a subsidiary of Citigroup, Banamex has achieved significant milestones, including extensive digital banking initiatives, which enhance customer accessibility and engagement. Its reputation for reliability and comprehensive financial solutions continues to make it a prominent player in the Mexican banking industry.
DitchCarbon Score
How does Banco Nacional de México, 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 Nacional de México, S.A.'s score of 44 is higher than 65% 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 Nacional de México, S.A. (Banamex), headquartered in Mexico (MX), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of Citigroup Inc., which influences its climate commitments and initiatives. While there are no direct emissions targets or reduction achievements reported for Banco Nacional de México, it is important to note that its sustainability efforts may be aligned with those of its parent company, Citigroup Inc. This relationship suggests that any climate initiatives or targets may be cascaded from Citigroup, which has established various sustainability commitments. As a current subsidiary, Banco Nacional de México may benefit from Citigroup's broader climate strategies, including participation in initiatives such as RE100, which focuses on renewable energy commitments. However, specific details regarding emissions reduction targets or climate pledges for Banco Nacional de México itself remain unspecified. In summary, while Banco Nacional de México does not provide specific emissions data or reduction targets, its affiliation with Citigroup Inc. may play a significant role in shaping its climate commitments and sustainability practices.
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| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,533,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,048,226,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Banco Nacional de México, S.A.'s Industry?
How Carbon Intensive is Banco Nacional de México, S.A.'s Location?
Banco Nacional de México, S.A.'s Scope 3 Categories Breakdown
Banco Nacional de México, S.A.'s Scope 3 emissions, which increased by 21% last year and decreased by approximately 61% since 2006, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Banco Nacional de México, 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 Nacional de México, 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.
