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 19 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 13,685,000 kg CO2e for the year. This marks a significant reduction from previous years, particularly from 2015 when emissions were approximately 11,972,000,000 kg CO2e for Scope 1 alone. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The emissions data indicates a trend of decreasing Scope 1 emissions over the years, from approximately 11,972,000,000 kg CO2e in 2015 to 135,000 kg CO2e in 2023. Grupo Argos's emissions profile includes a mix of Scope 1, 2, and 3 emissions, with Scope 3 emissions consistently representing the largest portion of their total emissions. The company has not publicly committed to specific science-based targets or reduction initiatives, but the ongoing decrease in emissions suggests a proactive approach to climate responsibility. Overall, Grupo Argos is making strides in managing its carbon emissions, reflecting a growing awareness of climate impact within the industry.
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Add to project| 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 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 committed to any reduction initiatives 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.
