Grupo Financiero Galicia S.A..
GGAL.US | Activities of holding companies
Grupo Financiero Galicia S.A. is an Argentina-based financial services holding company. It provides a range of financial products and services to individuals, small and medium-sized enterprises (SMEs), and corporations. These services include banking, such as deposit accounts, loans, credit cards, a...Show More
Better Health for All
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No specific data related to GGAL.US or the 'Better Health for All' value is provided in the available article.
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The report focuses on the company's overall ESG performance, not on specific health-related metrics or initiatives, therefore no KPIs can be scored.
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Fair Money & Economic Opportunity
-30
Grupo Financiero Galicia made a capital contribution of Ps. 500,000,000 to create Naranja Digital Compañía Financiera S.A.U. to serve the underbanked population.
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It also invested Ps. 20,000,000 in the Trust Fund for the Development of the Social Economy (FONDES) and allocated over ARS 120 billion to sustainable financing in 2024, focusing on green loans for SMEs.
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The company is a signatory of the Principles for Responsible Banking (PRB) and the Equator Principles.
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It has a Committee for the Integrity of the Information to comply with Sarbanes-Oxley Act (SOX) requirements, but no proactive fair-lending audits are mentioned.
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Naranja X offers a remunerated account that generates returns, and the company provides a full spectrum of financial services.
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Grupo Galicia reinvested ARS 6.752 billion in turnover.
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Financial education programs reached over 50,000 participants in 2024, and Naranja X provides virtual and in-person financial knowledge.
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The company has 290 full-service banking branches, 101 Galicia Más branches, and over 100 Naranja X branches throughout the country.
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98% of retail customer transactions are handled through digital channels, with the Galicia App accounting for 69% of those.
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The company offers a simple, secure, and fully digital solution under the concept "Tenés Galicia".
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Fair Pay & Worker Respect
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No evidence available to assess Grupo Financiero Galicia S.A. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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The company, Grupo Financiero Galicia S.A., operates in the financial services sector.
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For all KPIs related to Fair Trade & Ethical Sourcing, the rubric includes a '0' tier for 'N/A' when the organization does not procure physical commodities, has no supplier base requiring welfare/sourcing audits, no exposure to upstream labor practices, no supply chain tiers to map, no remediation processes required, no supplier contracts in scope for ethical sourcing, or no material sourcing of at-risk inputs. Given the nature of a financial services company, these KPIs are generally not applicable to its core operations and supply chain in the context of physical goods or raw materials. The provided article, a 2022 Form 20-F filing, explicitly states that no specific data related to any of these KPIs is provided, focusing instead on financial health and regulatory compliance.
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Honest & Fair Business
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The company has a formal whistleblower protection policy with a dedicated website, email, phone number, and personal interview option, accepting anonymous complaints.
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The ethics hotline is managed by a third-party provider (KPMG), and an internal investigation system is in place.
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Its anti-corruption policy explicitly prohibits bribery and corruption, including facilitation payments, provides detailed definitions of 'Public Official' and 'Government Agency', and requires annual employee certification of the Code of Ethics and Conduct.
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The company also conducts due diligence for third parties.
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The Annual Integrated Report is externally verified by PwC Argentina, and GRI Services verified the GRI Content Index compliance with GRI Standards and linkage to SDGs.
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Kind to Animals
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Grupo Financiero Galicia S.A. is a financial services holding company.
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Its core business model, which includes banking, investment banking, asset management, and insurance, does not involve activities such as product manufacturing, animal testing, animal husbandry, or the sourcing of animal-derived ingredients. Consequently, all KPIs related to cruelty-free certification, animal testing, humane operations, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal agriculture ethics, and animal-free R&D collaboration are not applicable to the company's operations. While a subsidiary, Banco Galicia, is a partner in a regenerative agriculture program aiming to conserve ecosystems, the provided evidence does not include specific, measurable biodiversity impact, species recovery, habitat restoration metrics, or the financial contribution as a percentage of revenue from GGAL or its subsidiary to this initiative. Therefore, the wildlife conservation impact KPI cannot be scored due to a lack of concrete data.
No War, No Weapons
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No evidence available to assess Grupo Financiero Galicia S.A. on No War, No Weapons.
Planet-Friendly Business
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No specific, quantitative evidence was found in the provided articles to assess Grupo Financiero Galicia S.A. against the defined Planet-Friendly Business KPIs. Information regarding total greenhouse gas emissions, science-based targets, share of renewable energy, water use, green-certified buildings, waste diversion, EU taxonomy alignment, lifecycle impact analysis, recycled material ratio, carbon offset quality, supply chain climate transparency, supplier SBTi targets, scale of biodiversity efforts in terms of land area, deforestation policy implementation, environmental compliance violations, environmental impact assessments, a stated net-zero target year, TCFD alignment, climate scenario analysis, stranded assets transparency, water sourcing from stressed basins, packaging CO2 reduction, climate justice initiatives, just transition programs, or climate adaptation financing was not available.
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Respect for Cultures & Communities
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No evidence available to assess Grupo Financiero Galicia S.A. on Respect for Cultures & Communities.
Safe & Smart Tech
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The company complies with Argentine regulations and the Sarbanes-Oxley Act (SOX) for its Nasdaq listing.
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It adheres to stringent regulatory requirements from the Argentine Central Bank (BCRA), including mandatory capital adequacy, liquidity coverage ratios, and credit risk provisions.
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Zero Waste & Sustainable Products
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Grupo Galicia reported a recyclability index of 56.15% for Galicia, 33.40% for Naranja X, 26.15% for Galicia Seguros, 49.49% for Nera, and 49% for INVIU.
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The company implemented several waste reduction initiatives, including campaigns for bottle caps and reusable thermal cups across all Group companies.
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Galicia expanded collection points for 'Love Bottles' in two corporate buildings, and Naranja X implemented organic waste composting and reconverted canvas from old branches into new products.
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Grupo Galicia has not reported any waste disposal violations in the past three years. For waste reduction targets, Grupo Galicia set a mitigation goal of 5% at the Group level for 2023 and achieved 7.29%, and for 2024, it set a 5% mitigation target and achieved a 13.70% reduction.
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Galicia also set a goal to reduce paper consumption for client statements by 40% and achieved a 49% decrease.
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Naranja X incorporated an Environmental Management System Policy into its Purchasing Policy to strengthen commitment to sustainability throughout the supply chain.
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The company works to drive changes in habits among its teams and clients for better environmental impact from waste management.
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Galicia provides bins for credit cards, plastic covers, and recyclable lunch containers for employees.
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Galicia achieved a 57% reduction in printing for its Welcome Pack, and Naranja X promoted paper usage reduction by migrating account openings to a 100% digital format.
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However, Grupo Galicia states that the separation of hazardous waste is a procedure that does not apply to the Group.
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