Banorte, officially known as Grupo Financiero Banorte, is a leading financial institution headquartered in Mexico (MX). Established in 1899, it has grown to become one of the largest banks in the country, with a strong presence in various regions, including Mexico City and the northern states.
Operating primarily in the banking and financial services industry, Banorte offers a comprehensive range of products, including personal and commercial banking, investment services, and insurance. Its commitment to innovation and customer service distinguishes it from competitors, making it a preferred choice for many.
With a robust market position, Banorte has achieved significant milestones, including its listing on the Mexican Stock Exchange and recognition for its sustainable practices. The bank continues to play a pivotal role in Mexico's economic landscape, serving millions of customers with tailored financial solutions.
+36 vs industry average
Banorte’s score of 71 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Banorte's reported carbon emissions
In 2025, Grupo Financiero Banorte, headquartered in Mexico, reported total carbon emissions of approximately 57.9 million kg CO2e from Scope 1 and 2, alongside approximately 38.1 million kg CO2e from Scope 3 emissions, resulting in a calculated total of approximately 96 million kg CO2e. The company has set ambitious reduction targets, aiming for a 42.1% decrease in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2020 as the baseline year. Banorte's climate commitments include intensity targets of a 30% reduction in emissions per full-time equivalent (FTE) from both Scope 1 and Scope 2, with a target year of 2020, based on 2009 levels. The company has also established portfolio targets that cover 22% of its total investment and lending by total assets, aligning with the Science Based Targets initiative (SBTi) to ensure that its operations are consistent with limiting global warming to 1.5°C. The emissions data is sourced directly from Grupo Financiero Banorte, S.A.B. de C.V., with no cascaded data from parent organizations. Banorte continues to enhance its sustainability efforts, reflecting a commitment to reducing its carbon footprint and addressing climate change impacts within the financial sector.
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Banorte’s Climate Goals (2030 & 2050)
3 goals2030
42.1% reduction in all scopes
Reduce absolute scope 1 and 2 GHG emissions 42.1%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Banorte’s sustainability data and climate commitments
Data year: 2025
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