As businesses worldwide face increasing demands amid environmental, social and workforce dynamics, Banorte has signaled anew its commitment to help lead an economic recovery based on sustainable development.
Banorte, along with the UN, marked its two-year anniversary as a founding member of the Principles for Responsible Banking (PRB) this September.
PRB provides a framework that ensures the signatory banks’ strategy and practices align with the targets set out in the UN Sustainable Development Goals and the Paris Climate Agreement.
At the forefront of cutting-edge sustainable finance, Banorte pledged to represent the values and goals of its consumer base. As part of that strategy, Banorte became a Founding Signatory of the Net Zero Banking Alliance (NZBA), which commits banks to the UN’s initiative for zero carbon emissions by 2050.
The Alliance will provide international guidelines in which to operate, supported by peer-learning from pioneering banks. Together with over 43 banks worldwide, Banorte has accelerated the transition toward a low carbon economy, advancing the fight against climate change.
Banorte Chairman Carlos Hank González said it and other banks must lead those changes, “transforming ourselves and stop doing business as usual. … For a true recovery to take place, it must be sustainable.”
The PRB is not only changing how the world does banking but also how banks work for the world. Almost 250 banks representing over 40 percent of banking assets worldwide have now joined this movement for change, leading the way toward a future in which the banking community finds way to improve the planet’s health.
“Banorte has put sustainability at the heart of its operations. We are pleased to celebrate the two-year anniversary of the Principles for Responsible Banking. We are proud to contribute to a sustainable recovery and ensure a better future for our planet,” Carlos Hank González said.
Meanwhile, for four consecutive years, Banorte has joined Bloomberg’s 2021 Gender Equity Index (GEI), which tracks the performance of public companies committed to disclosing their efforts for gender equality through policy development, representation and transparency.
In today’s environment, employees, investors and regulators care now more than ever about how companies treat their employees and whether their products and services are helping to serve the needs of society.
Bloomberg’s GEI measures different performance metrics, such as the percentage of women in the workforce, and Banorte’s unwavering dedication to gender equality has translated into a staff of over 51 percent women. To be a bank for all, Banorte strives to listen, innovate and represent everyone who walks through its doors.
Banks across the world have a collective power to make an impact on these critical issues. Through their lending and investment activities and their extensive relationships with clients across all sectors of the economy, the banking community can accelerate a positive global transition for people and the planet while maintaining a strong level of profitability.