Grupo Financiero Banorte SAB de CV
Grupo Financiero Banorte's GHG Emissions Data Preview
In 2023, Grupo Financiero Banorte 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).
Grupo Financiero Banorte has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Grupo Financiero Banorte’s Greenhouse Gas (GHG) Emissions Data
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Insights into Grupo Financiero Banorte's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Grupo Financiero Banorte amounted to 62,367.2 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 2022, the total operational greenhouse gas (GHG) emissions of Grupo Financiero Banorte increased by 3.92%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Grupo Financiero Banorte's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Grupo Financiero Banorte's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Grupo Financiero Banorte were 3,424.9 metric tons of CO₂ equivalent (tCO₂e). a
Has Grupo Financiero Banorte reduced its Scope 1 emissions over time?
Since 2020, Grupo Financiero Banorte's Scope 1 emissions have decreased by 1.07%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Grupo Financiero Banorte's Scope 1 emissions increased by 13.09%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Grupo Financiero Banorte's Scope 2 emissions?
In 2023, Grupo Financiero Banorte reported Scope 2 greenhouse gas (GHG) emissions of 58,942.3 tCO₂e using the location-based method. a
Has Grupo Financiero Banorte reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Grupo Financiero Banorte's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Grupo Financiero Banorte 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Grupo Financiero Banorte use for Scope 2 reporting?
In 2023, Grupo Financiero Banorte reported its Scope 2 emissions using the location-based method. a
Grupo Financiero Banorte's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Grupo Financiero Banorte's Value Chain Emissions
In 2023, Grupo Financiero Banorte reported 35,025 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 2023 disclosure of Grupo Financiero Banorte includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, down from 8 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
Grupo Financiero Banorte's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Grupo Financiero Banorte's Scope 3 emissions?
In 2023, Grupo Financiero Banorte reported total Scope 3 emissions of 35,025 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Grupo Financiero Banorte's Scope 3 emissions decreased by 99.68%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Grupo Financiero Banorte disclose?
In 2023, Grupo Financiero Banorte reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Grupo Financiero Banorte's Scope 3 emissions?
In 2023, the largest contributors to Grupo Financiero Banorte's Scope 3 emissions were: a
- Capital Goods (Cat. 2): 18,013 tCO₂e (51.43%)
- Purchased Goods and Services (Cat. 1): 11,708 tCO₂e (33.43%)
- Upstream Transportation and Distribution (Cat. 4): 2,462 tCO₂e (7.03%)
Grupo Financiero Banorte's Scope 3 Emissions by Categories
Insights into Grupo Financiero Banorte’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Grupo Financiero Banorte reported Scope 1 greenhouse gas (GHG) emissions of 3,424.9 tCO₂e and total revenues of USD 11,489 millions. This translates into an emissions intensity of 0.3 tCO₂e per millions USD. a
Grupo Financiero Banorte's Scope 1 Emissions Intensity Compared to Peers
How does Grupo Financiero Banorte's GHG emissions intensity compare to its peers?
In 2023, Grupo Financiero Banorte reported a Scope 1 emissions intensity of 0.3 tCO₂e per millions USD. Compared to the peer group median of 0.82, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Grupo Financiero Banorte rank on GHG emissions intensity within its industry?
In 2023, Grupo Financiero Banorte ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Grupo Financiero Banorte is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Grupo Financiero Banorte's Total Carbon Footprint
In 2023, Grupo Financiero Banorte reported a total carbon footprint of 97,392.2 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.11% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Grupo Financiero Banorte's total carbon footprint was Scope 2 emissions, accounting for 60.52% of the company's total carbon footprint, followed by Scope 3 emissions at 35.96%. a