Banorte Sustainability Profile
Banorte, officially known as Grupo Financiero Banorte, is a leading financial institution headquartered in Mexico (MX). Established in 1899, it has grown to become one of the largest banks in the country, with a strong presence in various regions, including Mexico City and the northern states. Operating primarily in the banking and financial services industry, Banorte offers a comprehensive range of products, including personal and commercial banking, investment services, and insurance. Its commitment to innovation and customer service distinguishes it from competitors, making it a preferred choice for many. With a robust market position, Banorte has achieved significant milestones, including its listing on the Mexican Stock Exchange and recognition for its sustainable practices. The bank continues to play a pivotal role in Mexico's economic landscape, serving millions of customers with tailored financial solutions.
DitchCarbon Score
How does 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
Banorte's score of 45 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Banorte's reported carbon emissions
In 2024, Grupo Financiero Banorte reported total carbon emissions of approximately 53,634,400 kg CO2e, which includes 245,100 kg CO2e from Scope 1, 49,596,500 kg CO2e from Scope 2, and a significant 9,359,483,598 kg CO2e from Scope 3 emissions. This data highlights the substantial impact of their financing activities, particularly in sectors such as transport and agriculture. Banorte has set ambitious reduction targets, aiming for a 30% reduction in emissions intensity per full-time equivalent (FTE) by 2020, using 2009 as the base year. This target reflects their commitment to sustainability and aligns with industry standards for climate action. Additionally, they have established near-term targets consistent with the Science Based Targets initiative (SBTi), focusing on a 1.5°C pathway, covering 22% of their total investment and lending portfolio as of 2021. The bank's emissions data is sourced from its own disclosures, with no cascaded data from parent organizations. Banorte's ongoing efforts to monitor and reduce its carbon footprint demonstrate a proactive approach to addressing climate change within the financial sector in Mexico.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 Banorte's Industry?
How Carbon Intensive is Banorte's Location?
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.
Banorte has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
