Grupo Argos
Grupo Argos, officially known as Grupo Argos S.A., is a leading Colombian conglomerate headquartered in Medellín, Colombia. Established in 1934, the company has evolved into a prominent player in the construction materials, energy, and infrastructure sectors, with significant operations across Latin America and the Caribbean. The firm is renowned for its core products, including cement, concrete, and energy solutions, which are distinguished by their commitment to sustainability and innovation. Grupo Argos has achieved notable milestones, such as expanding its market presence through strategic acquisitions and investments in renewable energy projects. With a strong market position, Grupo Argos is recognised for its dedication to quality and environmental stewardship, making it a trusted name in the industry. Its ongoing efforts to enhance operational efficiency and sustainability further solidify its reputation as a leader in the construction and energy sectors.
DitchCarbon Score
How does Grupo Argos'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 Construction Work 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
Grupo Argos's score of 31 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Argos's reported carbon emissions
In 2023, Grupo Argos reported total carbon emissions of approximately 13,493,000 kg CO2e from Scope 3, alongside 135,000 kg CO2e from Scope 1 and 57,000 kg CO2e from Scope 2, resulting in a combined total of about 192,000 kg CO2e for Scope 1 and 2. This marks a significant increase in emissions compared to previous years, particularly in Scope 3 emissions, which are often the largest contributor for companies in the cement and construction sectors. In 2022, the company recorded 243,000 kg CO2e in Scope 1 and 37,000 kg CO2e in Scope 2, with no data available for Scope 3 emissions. The trend indicates a growing reliance on upstream activities contributing to their overall carbon footprint. Despite the increase in emissions, Grupo Argos has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi (Science Based Targets initiative) commitments. The company has not disclosed any climate pledges or significant reduction initiatives, which may reflect the broader industry context where many companies are still developing comprehensive climate strategies. Overall, Grupo Argos's emissions data highlights the challenges faced in managing carbon outputs, particularly in the cement industry, which is known for its high emissions intensity. The lack of clear reduction commitments suggests an opportunity for the company to enhance its climate strategy and align with global sustainability goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,971,798,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | 00,000,000 |
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.
Grupo Argos 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.
