Galicia Financial Sustainability Profile
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 43 is higher than 62% 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 2,839,990 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 9,241.02 kg CO2e from Scope 2 emissions, primarily related to purchased electricity. Additionally, Scope 3 emissions, which cover indirect emissions from the value chain, amounted to about 4,321,650 kg CO2e. Comparatively, in 2022, the total emissions were approximately 18,489,090 kg CO2e, with Scope 1 emissions at 2,526,600 kg CO2e, Scope 2 emissions at 10,109,980 kg CO2e, and Scope 3 emissions reaching 5,852,510 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Galicia Financial has not set specific reduction targets or initiatives as part of their climate commitments, and there are no cascading data from parent organizations. The emissions data is sourced directly from Grupo Financiero Galicia S.A., which is the parent company. Overall, Galicia Financial's emissions data reflects a commitment to transparency in reporting, although further initiatives and targets would enhance their climate strategy.
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| 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 933,380 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,626,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 0,000.00 |
| Scope 3 | 2,664,020 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Galicia Financial's Industry?
How Carbon Intensive is Galicia Financial's Location?
Galicia Financial'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.
Galicia Financial 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.
