Grupo Elektra
Grupo Elektra, a leading financial and retail services company, is headquartered in Mexico (MX) and operates extensively across Latin America. Founded in 1950, the company has established itself as a key player in the consumer finance and retail sectors, offering a diverse range of products and services, including electronics, household appliances, and financial solutions. With a strong focus on underserved markets, Grupo Elektra is renowned for its unique business model that combines retail and banking services, making it a pioneer in the industry. The company has achieved significant milestones, including the expansion of its retail footprint and the development of innovative financial products. As a result, Grupo Elektra holds a prominent market position, recognised for its commitment to customer service and community development.
DitchCarbon Score
How does Grupo Elektra's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Grupo Elektra's score of 40 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Elektra's reported carbon emissions
In 2023, Grupo Elektra reported total carbon emissions of approximately 30,211,000 kg CO2e for Scope 1, 83,483,000 kg CO2e for Scope 2, and 286,000 kg CO2e for Scope 3. This reflects a significant commitment to reducing their carbon footprint, particularly through energy efficiency improvements in their branches. From 2022 to 2023, the company achieved an average annual reduction of about 29% in energy consumption per branch, equating to approximately 128 MWh saved annually. This initiative is part of their broader strategy to enhance energy efficiency, which is expected to contribute to reductions in both Scope 1 and Scope 2 emissions. In previous years, Grupo Elektra's emissions were also notable, with 15,624,000 kg CO2e for Scope 1 and 77,865,000 kg CO2e for Scope 2 in 2022, and 24,508,000 kg CO2e for Scope 1 and 70,599,000 kg CO2e for Scope 2 in 2021. The company has not disclosed any specific Science-Based Targets Initiative (SBTi) targets, but their ongoing efforts in energy efficiency demonstrate a proactive approach to climate commitments. Grupo Elektra's emissions data is self-reported and reflects their operational activities without cascading from a parent company. The organisation continues to focus on sustainability and reducing its environmental impact as part of its corporate responsibility initiatives.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 27,653,300 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 14,298,000 | 0,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Grupo Elektra is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
