Grupo Financiero Galicia SA
Grupo Financiero Galicia's GHG Emissions Data Preview
In 2023, 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) | 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.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 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. | 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. | 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. | 0000000 |
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Insights into Grupo Financiero Galicia's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Grupo Financiero Galicia amounted to 16,140.62 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 Galicia decreased by 1.66%, 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 2023, the total Scope 1 emissions of Grupo Financiero Galicia were 3,331.89 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a
Compared to the previous year (2022), Grupo Financiero Galicia's Scope 1 emissions increased by 12.39%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Grupo Financiero Galicia's Scope 2 emissions?
In 2023, Grupo Financiero Galicia reported Scope 2 greenhouse gas (GHG) emissions of 12,808.73 tCOâ‚‚e without specifying the calculation method. a
Has Grupo Financiero Galicia reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Grupo Financiero Galicia's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Grupo Financiero Galicia 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Grupo Financiero Galicia use for Scope 2 reporting?
In 2023, Grupo Financiero Galicia reported its Scope 2 emissions using an unspecified methodology. a
Grupo Financiero Galicia's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Grupo Financiero Galicia's Value Chain Emissions
In 2023, Grupo Financiero Galicia reported 6,382.68 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 2023 disclosure of Grupo Financiero Galicia includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, down from 5 in 2022, 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 2023, Grupo Financiero Galicia reported total Scope 3 emissions of 6,382.68 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
Compared to the previous year (2022), Grupo Financiero Galicia's Scope 3 emissions decreased by 99.84%, 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 2023, 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 2023, the largest contributors to Grupo Financiero Galicia's Scope 3 emissions were: a
- Employee Commuting (Cat. 7): 3,767.63 tCOâ‚‚e (59.03%)
- Business Travel (Cat. 6): 1,318.47 tCOâ‚‚e (20.66%)
- Purchased Goods and Services (Cat. 1): 966.667 tCOâ‚‚e (15.15%)
Grupo Financiero Galicia's Scope 3 Emissions by Categories
Insights into Grupo Financiero Galicia's Total Carbon Footprint
In 2023, Grupo Financiero Galicia reported a total carbon footprint of 22,523.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.43% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Grupo Financiero Galicia's total carbon footprint was Scope 2 emissions, accounting for 56.87% of the company's total carbon footprint, followed by Scope 3 emissions at 28.34%. a