| INITIATIVE |
GFNORTE OBJECTIVE |
2014 RESULTS |
2015 OBJECTIVE |
| Greenhouse Gas (GHG) Protocol and United Nations Environment Program Finance (UNEP FI) |
Establish a methodology for calculating emissions related to loans and investments of financial institutions to increase our range in reporting scope 3 emissions. |
Participation in online workshops and research aimed at the development, revision and preparation of the first draft for this methodology. |
By 2015, conclusion of the methodology draft is expected and published reports of our financing emissions can commence the following year. |
| Declaration of Natural Capital |
Incorporate natural capital criteria in products and financial services. |
Leader of Work Group 2, which has participated in the following pilot projects:
- Identification and integration of risks associated with natural capital in credit risk assessments.
- Risk policies in agricultural raw materials (palm oil, soy, meat and timber products) and their relationship with loan and investment portfolios.
- Consideration of water risks in the valuation of corporate bonds. A study was started to identify and evaluate such risks.
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Continue to develop methodologies to incorporate criteria for natural capital in credit risk assessment, as well as the tool, for risk policies in soft commodities and water risks. |
| CDP Carbon Disclosure Project |
Raise awareness of climate change in Mexico and Latin America through better quality and transparency of information reported for company performance in terms of emissions. |
For the 2nd consecutive year, GFNorte was selected from among the 8 companies of the Climate Disclosure Leadership Index (CDLI) in Latin America for leadership in transparency with regard to information relating to climate change. It is ranked second of the companies in Mexico with greater transparency, as well as the financial institution with the second highest rating in Latin America in this same category. |
As part of our commitment to the Road to Paris initiative in preparation for the Paris Climate Summit, to be held in December 2015, the following actions were carried out:
- Promoting internal use of a price for carbon.
- Incorporating aspects of climate change in annual reports and supporting the creation of public policies of climate change.
- Positioning ourselves among the top 5 companies in the Latin American CDLI.
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| GEI National Greenhouse Gas Reporting Program |
Align our calculation and reporting procedures for GHG emissions in accordance with the General Law on Climate Change and strengthen our mitigation strategy. |
GFNorte is the first private financial institution to obtain the GEI2¸ a recognition, which is proof that we monitor the company’s carbon footprint, and have a mitigation program for emissions. |
To report total Scope 1 and 2 emissions, through the addition of refrigerant gas emissions used in our installations. |
| United Nations Global Compact |
Align and integrate our strategy and operations to the ten Global Compact Principles in the areas of Human Rights, Labor Standards, Environment and Anti-corruption. |
A fourth consecutive year of concrete actions that meet our commitment to the Pact, thus obtaining an advanced level in reporting of operations. |
To comply with these actions for a 5th consecutive year. |
| Women’s empowerment |
To become the leader in gender equality in Mexico’s financial sector and work for the economic empowerment of women across the country. |
Grupo Financiero Banorte signed the UN initiative, Women’s Empowerment Principles, and the United Nations Global Compact initiative. These principles seek to help businesses to promote gender equality and the empowerment of women in the work place. |
To continue in these initiatives and continue to promote gender equality. |
| UNAM Chair |
Assist students in understanding financial topics through the knowledge and experience of professionals. In addition to strengthening the Business-University link through direct cooperation in the optional business of “Markets and Financial Instruments in Mexico”. |
It was successfully taught during the two semesters of the year, to approximately forty students. |
Provide this for two semesters each year with a minimum of thirty enrolled students. |