Galicia Financial
Galicia Financial, also known as GFG, is a prominent financial services firm headquartered in Argentina. Established in 1993, the company has made significant strides in the financial sector, particularly in investment management and advisory services. With a strong presence in major operational regions across Latin America, Galicia Financial has built a reputation for its innovative approach to wealth management. The firm offers a diverse range of core products, including asset management, private banking, and financial planning, distinguished by a client-centric philosophy and tailored solutions. Galicia Financial's commitment to excellence has positioned it as a leader in the industry, recognised for its robust performance and strategic insights. As it continues to evolve, Galicia Financial remains dedicated to empowering clients with the tools and knowledge needed to achieve their financial goals.
DitchCarbon Score
How does Galicia Financial'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
Galicia Financial's score of 40 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Galicia Financial's reported carbon emissions
In 2023, Galicia Financial reported total carbon emissions of approximately 16,402,660 kg CO2e. This figure includes 16,402,660 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling, accounted for about 5,858,990 kg CO2e. Additionally, Scope 3 emissions, which cover all other indirect emissions, were approximately 169,780 kg CO2e. Over the years, Galicia Financial has shown fluctuations in its emissions. For instance, in 2021, the total emissions were about 19,984,000 kg CO2e, with Scope 1 emissions at 2,146,290 kg CO2e and Scope 2 emissions at 12,546,340 kg CO2e. The company has not set specific reduction targets or climate pledges, indicating a potential area for improvement in its climate commitments. Despite the lack of formal reduction initiatives or targets, Galicia Financial's emissions data reflects its ongoing operations and the need for enhanced strategies to address climate change. The company operates within a global context where financial institutions are increasingly expected to take proactive measures in reducing their carbon footprints.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 862,680 | 000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 28,520,160 | 00,000,000 | 00,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 2,851,170 | 0,000,000 | 0,000,000 | 00,000 | 0,000,000 | 0,000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
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.
Galicia Financial 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.
