In 2024, Banco Macro completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Banco Macro has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,080.55a | 354.85a | 388b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,080.55a | 6,700.8a | 8,228.83b | |
Total Scope 3 | 157a | 221.22a | 243.85b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1872a | 0.1017a | 0.0457b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Banco Macro amounted to 2,161.1 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Banco Macro decreased by 69.37%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Banco Macro were 1,080.55 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Banco Macro's Scope 1 emissions have increased by 178.49%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Banco Macro's Scope 1 emissions increased by 204.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Banco Macro reported Scope 2 greenhouse gas (GHG) emissions of 1,080.55 tCO₂e without specifying the calculation method.a
Since 2022, Banco Macro's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 86.87%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Banco Macro's Scope 2 emissions (Unspecified Calculation Method) fell by 83.87% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Banco Macro reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Banco Macro reported 157 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Banco Macro includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 1 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Banco Macro reported total Scope 3 emissions of 157 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Banco Macro's Scope 3 emissions have decreased by 35.62%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Banco Macro's Scope 3 emissions decreased by 29.03%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Banco Macro reported Scope 1 greenhouse gas (GHG) emissions of 1,080.55 tCO₂e and total revenues of USD 5,772 millions. This translates into an emissions intensity of 0.19 tCO₂e per millions USD.a
In 2024, Banco Macro reported a Scope 1 emissions intensity of 0.19 tCO₂e per millions USD. Compared to the peer group median of 1.12, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Banco Macro ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Banco Macro among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Banco Macro reported a total carbon footprint of 2,318.1 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 68.14% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Banco Macro's total carbon footprint was Scope 1 emissions, accounting for 46.61% of the company's total carbon footprint, followed by Scope 2 emissions at 46.61%.a