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Banco Macro SA

Common Name
Banco Macro
Country
Argentina
Sector
Financial Services
Industry
Banks - Regional
Employees
8,811
Ticker
BMA2
Exchange
BOLSA DE COMERCIO DE BUENOS AIRES
Description
Banco Macro S.A. is one of Argentina's largest domestically-owned private banking groups, providing a comprehensive range of financial services to individuals, small and medium-sized enterprises, and ...

Banco Macro's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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b
0000000
Total Scope 2
Unspecified Calculation Method
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b
0000000
Total Scope 3
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
0000000
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Verified Sources Behind Banco Macro’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Banco Macro’s data sources below and access millions more through our Disclosure Search.

a. Banco Macro's Annual Report 2024
a. Banco Macro's Annual Report 2024
b. Banco Macro's Integrated Report 2023
b. Banco Macro's Integrated Report 2023

Insights into Banco Macro's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofBanco Macro amounted to2,161.1metric 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 Macrodecreased by 69.37%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Banco Macro's Scope 1 Emissions Over Time

20222023202403006009001.2 ktCO2e-9%+205%
  • Total Scope 1
  • Year-over-Year Change

What are Banco Macro's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Banco Macro were 1,080.55 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Banco Macro reduced its Scope 1 emissions over time?

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

What are Banco Macro's Scope 2 emissions?

In 2024, Banco Macro reported Scope 2 greenhouse gas (GHG) emissions of 1,080.55 tCOâ‚‚e without specifying the calculation method.a

Has Banco Macro reduced its Scope 2 emissions over time?

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

What methodology does Banco Macro use for Scope 2 reporting?

In 2024, Banco Macro reported its Scope 2 emissions using an unspecified methodology.a

Banco Macro's Scope 2 Emissions Over Time

20222023202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Banco Macro's Value Chain Emissions

In 2024, Banco Macro reported 157 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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 0of 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

Banco Macro's Scope 3 Emissions Over Time

202220232024065130195260tCO2e-9%-29%
  • Total Scope 3
  • Year-over-Year Change

What are Banco Macro's Scope 3 emissions?

In 2024, Banco Macro reported total Scope 3 emissions of 157 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Banco Macro reduced its Scope 3 emissions over time?

Since 2022, Banco Macro's Scope 3 emissionshave 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

Insights into Banco Macro’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Banco Macro reported Scope 1 greenhouse gas (GHG) emissions of 1,080.55 tCOâ‚‚e and total revenues of USD 4,385 millions. This translates into an emissions intensity of 0.25 tCOâ‚‚e per millions USD.a

Banco Macro's Scope 1 Emissions Intensity Compared to Peers

502001,0005,00050,000Scope 1 Emissions (tCO2e)2005002,0005,00020,000Revenues (Millions of USD)7BBanco BBVA ArgentinaYear: 2024Scope 1: 1,475 tCO2eRevenue: $M 3,329Scope 1 Intensity: 0.44 tCO2e/$MGrupo Financiero GaliciaYear: 2024Scope 1: 2,940 tCO2eRevenue: $M 7,366Scope 1 Intensity: 0.40 tCO2e/$MSt Galler KantonalbankYear: 2024Scope 1: 273 tCO2eRevenue: $M 619Scope 1 Intensity: 0.44 tCO2e/$MQatar Islamic BankYear: 2024Scope 1: 87 tCO2eRevenue: $M 1,815Scope 1 Intensity: 0.05 tCO2e/$MBanque Cantonale de GeneveYear: 2023Scope 1: 282 tCO2eRevenue: $M 712Scope 1 Intensity: 0.40 tCO2e/$MHachijuni Nagano BankYear: 2024Scope 1: 3,380 tCO2eRevenue: $M 1,109Scope 1 Intensity: 3.05 tCO2e/$MBanco Santander ChileYear: 2024Scope 1: 564 tCO2eRevenue: $M 2,611Scope 1 Intensity: 0.22 tCO2e/$MKyushu Financial GroupYear: 2024Scope 1: 1,656 tCO2eRevenue: $M 1,232Scope 1 Intensity: 1.34 tCO2e/$MBanca Popolare di SondrioYear: 2024Scope 1: 3,441 tCO2eRevenue: $M 1,859Scope 1 Intensity: 1.85 tCO2e/$MAlinma BankYear: 2024Scope 1: 1,201 tCO2eRevenue: $M 2,911Scope 1 Intensity: 0.41 tCO2e/$MHirogin HoldingsYear: 2023Scope 1: 1,457 tCO2eRevenue: $M 941Scope 1 Intensity: 1.55 tCO2e/$MYapi ve Kredi BankasiYear: 2024Scope 1: 16,421 tCO2eRevenue: $M 4,242Scope 1 Intensity: 3.87 tCO2e/$MBannerYear: 2024Scope 1: 1,190 tCO2eRevenue: $M 603Scope 1 Intensity: 1.97 tCO2e/$M7777 BankYear: 2024Scope 1: 1,150 tCO2eRevenue: $M 942Scope 1 Intensity: 1.22 tCO2e/$MBAWAG GroupYear: 2024Scope 1: 812 tCO2eRevenue: $M 1,732Scope 1 Intensity: 0.47 tCO2e/$MHokuhoku Financial GroupYear: 2023Scope 1: 3,689 tCO2eRevenue: $M 1,229Scope 1 Intensity: 3.00 tCO2e/$MFlagstar BankYear: 2024Scope 1: 3,767 tCO2eRevenue: $M 2,584Scope 1 Intensity: 1.46 tCO2e/$MBank of Ireland GroupYear: 2024Scope 1: 3,537 tCO2eRevenue: $M 4,643Scope 1 Intensity: 0.76 tCO2e/$MHancock WhitneyYear: 2023Scope 1: 1,338 tCO2eRevenue: $M 1,367Scope 1 Intensity: 0.98 tCO2e/$MUCO BankYear: 2025Scope 1: 890 tCO2eRevenue: $M 1,643Scope 1 Intensity: 0.54 tCO2e/$MTaiwan Business BankYear: 2023Scope 1: 1,155 tCO2eRevenue: $M 1,039Scope 1 Intensity: 1.11 tCO2e/$MBBBank of QingdaoYear: 2024Scope 1: 158 tCO2eRevenue: $M 1,680Scope 1 Intensity: 0.09 tCO2e/$MKasikornbankYear: 2024Scope 1: 15,062 tCO2eRevenue: $M 6,092Scope 1 Intensity: 2.47 tCO2e/$MGunma BankYear: 2024Scope 1: 1,402 tCO2eRevenue: $M 1,000Scope 1 Intensity: 1.40 tCO2e/$MBanco MacroYear: 2024Scope 1: 1,081 tCO2eRevenue: $M 4,385Scope 1 Intensity: 0.25 tCO2e/$M

How does Banco Macro's GHG emissions intensity compare to its peers?

In 2024, Banco Macro reported a Scope 1 emissions intensity of 0.25 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.05, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Banco Macro rank on GHG emissions intensity within its industry?

In 2024, Banco Macro ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Banco Macro among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Banco Macro's Total Carbon Footprint

In 2024, Banco Macro reported a total carbon footprint of 2,318.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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

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