Grupo Argos Sustainability Profile
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 35 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 2024, Grupo Argos reported total carbon emissions of approximately 5,248,346,000 kg CO2e, comprising 5,010,157,000 kg CO2e from Scope 1 and 238,189,000 kg CO2e from Scope 2 emissions. This marks a significant reduction from 2023, where total emissions were about 9,524,811,000 kg CO2e, with Scope 1 emissions at 9,057,185,000 kg CO2e and Scope 2 at 467,627,000 kg CO2e. The company has consistently disclosed its emissions data across multiple years, with 2022 emissions recorded at approximately 9,518,996,000 kg CO2e, and 2021 emissions at about 9,486,285,000 kg CO2e. Notably, in Colombia, Grupo Argos reported 19,297,000 kg CO2e in total emissions for 2021, with Scope 1 emissions of 146,000 kg CO2e, Scope 2 at 43,000 kg CO2e, and a substantial Scope 3 contribution of 19,108,000 kg CO2e. Despite these figures, Grupo Argos has not established specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The absence of defined reduction strategies indicates a need for enhanced climate action within the organisation. Overall, Grupo Argos's emissions data reflects a substantial carbon footprint, particularly in its operational activities, with a clear opportunity for further commitment to sustainability and emissions reduction in the future.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,167,887,000 | 0,000,000,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 436,634,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,571,690,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | - | - |
How Carbon Intensive is Grupo Argos's Industry?
How Carbon Intensive is Grupo Argos's Location?
Grupo Argos'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 Argos 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.
