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 5,018,157,000 kg CO2e from Scope 1 and 238,189,000 kg CO2e from Scope 2, resulting in a combined total of about 5,248,346,000 kg CO2e. This marks a significant reduction from 2023, where emissions were approximately 9,057,185,000 kg CO2e for Scope 1 and 467,627,000 kg CO2e for Scope 2, totalling around 9,524,811,000 kg CO2e. The company has consistently disclosed emissions data across multiple years, with Scope 1 emissions peaking at about 9,056,450,000 kg CO2e in 2022. Notably, Grupo Argos has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor has it committed to any formal climate pledges, indicating a potential area for future improvement in their climate strategy. In Colombia, for 2021, Grupo Argos reported total emissions of approximately 19,297,000 kg CO2e, with Scope 1 emissions at 146,000 kg CO2e, Scope 2 at 43,000 kg CO2e, and a substantial Scope 3 contribution of about 19,108,000 kg CO2e. This data reflects the company's comprehensive approach to emissions reporting, although it lacks specific reduction initiatives or targets. Overall, Grupo Argos's emissions data illustrates a trend of significant emissions, particularly in Scope 1, with a recent downward trajectory in total emissions, highlighting the need for ongoing commitment to climate action and emissions reduction strategies.
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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?
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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.
