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Grupo Financiero Galicia SA
Grupo Financiero Galicia's GHG Emissions Data Preview
In 2024, Grupo Financiero Galicia 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 Galicia has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 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.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 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.  b | 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.  b | 0000000 |
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bVerified Sources Behind Grupo Financiero Galicia’s Greenhouse Gas (GHG) Emissions Data
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Insights into Grupo Financiero Galicia's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofGrupo Financiero Galicia amounted to12,387.44metric 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 Grupo Financiero Galiciadecreased by 23.25%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Grupo Financiero Galicia's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Grupo Financiero Galicia's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Grupo Financiero Galicia were 2,940.44 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Grupo Financiero Galicia reduced its Scope 1 emissions over time?
Since 2022, Grupo Financiero Galicia's Scope 1 emissions have remained relatively, stable, indicating that Grupo Financiero Galicia's emissions have plateaued with no significant change in its operational footprint.ab
Compared to the previous year(2023), Grupo Financiero Galicia's Scope 1 emissions decreased by 11.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Grupo Financiero Galicia's Scope 2 emissions?
In 2024, Grupo Financiero Galicia reported Scope 2 greenhouse gas (GHG) emissions of 6,835.63 tCOâ‚‚e using the market-based method and 9,447 tCOâ‚‚e using the location-based method.a
What methodology does Grupo Financiero Galicia use for Scope 2 reporting?
In 2024, Grupo Financiero Galicia reported its Scope 2 emissions using the market-based method and using the location-based method.a
Grupo Financiero Galicia's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Grupo Financiero Galicia's Value Chain Emissions
In 2024, Grupo Financiero Galicia reported 9,658.77 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 Grupo Financiero Galicia includes a breakdown across 4of the 15 Scope 3 categories defined by the GHG Protocol,down from 5 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
Grupo Financiero Galicia's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Grupo Financiero Galicia's Scope 3 emissions?
In 2024, Grupo Financiero Galicia reported total Scope 3 emissions of 9,658.77 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
Has Grupo Financiero Galicia reduced its Scope 3 emissions over time?
Since 2022, Grupo Financiero Galicia's Scope 3 emissionshave decreased by 99.75%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Grupo Financiero Galicia's Scope 3 emissions decreased by 99.74%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Grupo Financiero Galicia disclose?
In 2024, Grupo Financiero Galicia reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Grupo Financiero Galicia's Scope 3 emissions?
In 2024, the largest contributors to Grupo Financiero Galicia's Scope 3 emissions were:a
- Business Travel (Cat. 6): 5,968.02 tCOâ‚‚e(63.14%)
- Purchased Goods and Services (Cat. 1): 3,257.42 tCOâ‚‚e(34.46%)
- Waste Generated in Operations (Cat. 5): 176.31 tCOâ‚‚e(1.87%)
Grupo Financiero Galicia's Scope 3 Emissions by Categories
Insights into Grupo Financiero Galicia’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Grupo Financiero Galicia reported Scope 1 greenhouse gas (GHG) emissions of 2,940.44 tCOâ‚‚e and total revenues of USD 7,366 millions. This translates into an emissions intensity of 0.4 tCOâ‚‚e per millions USD.a
Grupo Financiero Galicia's Scope 1 Emissions Intensity Compared to Peers
How does Grupo Financiero Galicia's GHG emissions intensity compare to its peers?
In 2024, Grupo Financiero Galicia reported a Scope 1 emissions intensity of 0.4 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.26, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Grupo Financiero Galicia rank on GHG emissions intensity within its industry?
In 2024, Grupo Financiero Galicia ranked 4 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Grupo Financiero Galicia among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Grupo Financiero Galicia's Total Carbon Footprint
In 2024, Grupo Financiero Galicia reported a total carbon footprint of 22,046.21 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.4% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Grupo Financiero Galicia's total carbon footprint was Scope 3 emissions, accounting for 43.81% of the company's total carbon footprint, followed by Scope 2 emissions at 42.85%.a