Banorte’s exemplary industry leadership in environmental, social and governance (ESG) initiatives has earned it international recognition.
FTSE Russell, a global analytics company and leading provider of stock market indices, recently added Banorte to its FTSE4Good index series, designed to identify companies that demonstrate strong ESG practices measured against international standards.
“We are proud to be recognized by FTSE Russell through our inclusion the FTSE4Good index,” said Banorte Chairman Carlos Hank González. “Promoting sustainability and responsible banking lies at the forefront of these efforts and will continue to be a guiding pillar as Banorte expands its global footprint.”
Launched in 2001, the FTSE4Good index was created by FTSE Russell, a London Stock Exchange subsidiary. Sustainable investment practitioners select companies for the FTSE4Good index series, naming those that have met stringent ESG criteria and are positioned to capitalize on the benefits of responsible business practice.
Banorte’s inclusion reflects the bank’s continuously evolving improvement plan and significant level of transparency.
Banorte said it will continue to work toward maximizing ESG efforts while standing firm in the notion that it is more than a bank, but a vessel toward a more sustainable and transformed tomorrow.
Sustainability is at the core of Banorte’s strategy for growth and global impact. In April 2021, Banorte became a founding signatory of the Net Zero Banking Alliance. Consisting of a global group of banks, the alliance seeks to promote the transition to a low-carbon economy and combat climate change.
Since 2009, Banorte reduced almost 30% of energy intensity, earning the highest score in Latin America for the CPD 2020 edition. The bank was also included in the 2022 S&P Sustainability Yearbook.
Banorte also has been making a difference when it comes to social and community impact initiatives.
Earlier this year, Banorte joined the United Nations’ campaign to deliver access to digital bank accounts to refugees in Mexico, promoting employment opportunities and upward mobility.
Additionally, though the Banorte Foundation, the organization continues to showcase social involvement and commitment to the community, particularly in response to evolving global challenges.
“The values of our organization are deeply rooted in serving our community and providing the greatest value to our stakeholders,” said Banorte Chairman Carlos Hank González.
In 2021 and 2022, Banorte was the only bank in Mexico to receive international recognition by the World Finance Banking Awards in the Best Retail Bank in Mexico and Best Corporate Governance categories.
These awards came as a result of the bank’s superior response to the global pandemic and exemplary organizational leadership. Banorte’s corporate government practices led the company in promoting economy boosting impacts and industry-leading business performance.