Grupo Elektra Sustainability Profile
Grupo Elektra, a leading financial and retail services company, is headquartered in Mexico (MX) and operates extensively across Latin America. Founded in 1950, the company has established itself as a key player in the consumer finance and retail sectors, offering a diverse range of products and services, including electronics, household appliances, and financial solutions. With a strong focus on underserved markets, Grupo Elektra is renowned for its unique business model that combines retail and banking services, making it a pioneer in the industry. The company has achieved significant milestones, including the expansion of its retail footprint and the development of innovative financial products. As a result, Grupo Elektra holds a prominent market position, recognised for its commitment to customer service and community development.
DitchCarbon Score
How does Grupo Elektra'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
Grupo Elektra's score of 43 is higher than 63% 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 Elektra's reported carbon emissions
In 2023, Grupo Elektra reported total carbon emissions of approximately 30,211,000 kg CO2e for Scope 1, 83,483,000 kg CO2e for Scope 2, and 286,000 kg CO2e for Scope 3 on a global scale. In Mexico, the company disclosed Scope 3 emissions of about 277,350 kg CO2e. The company has made significant strides in reducing its carbon footprint, particularly through construction improvements that have led to a reduction in energy consumption by about 128 MWh per year per branch. This initiative represents an average annual reduction of 29% compared to standard branches lacking energy efficiency measures, with targets set for completion by 2023. Grupo Elektra's emissions data is not cascaded from a parent company, indicating that the reported figures are independently sourced. The company is actively working towards enhancing its sustainability practices, although specific science-based targets (SBTi) have not been disclosed. Overall, Grupo Elektra is committed to reducing its greenhouse gas emissions and improving energy efficiency across its operations, aligning with industry standards for climate action.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 27,653,300 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 14,298,000 | 0,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000 | 000,000 |
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Grupo Elektra'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.
Grupo Elektra 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.
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