Standards
As a member of ABM, we signed the Association of Mexican Banks’ Sustainability Protocol, which promotes sustainable development within the banking sector through five main areas:
Institutionalization of internal sustainability policies.
Management of environmental and social risks associated with investment or credit processes.
Sustainable investment.
Efficient use of resources in internal processes.
Monitoring and publication of the industry’s sustainability policies and practices.
United National Global Compact
It endorses 10 universally-accepted Principles to promote Corporate Social Responsibility.
Banking Environment Initiative (BEI)
It helps entire sectors develop profitable strategies that are aligned with the Sustainable Development Goals. This program is part of Cambridge University.
World Business Council for Sustainable Development (WBCSD)
It helps the private sector with sustainable development, focusing on three fundamental areas: stakeholders, the environment and societies.
UNEP Finance Initiative
It focuses on bringing about a systemic change within the finance sector to promote a sustainable world. It is a program from the United Nations that focuses specifically on the financial sector.
Wolfsberg Group
It focuses on developing risk management guidelines and frameworks for financial crimes.
Equator Principles
It helps financial institutions to determine, assess and manage environmental and social risks linked to the projects they finance.
Round Table on Responsible Soy
It promotes the responsible production, processing and marketing of soy around the world. Soy is the leading source of available protein, part of the food production chain, and is present in the majority of the foods we eat.
Principles for Responsible Investment (PRI)
It provides support regarding environmental, social and corporate governance issues.
Sustainable Livestock Working Group
It drives the development of sustainable livestock. It debates and formulates common practices, patterns and principles to be adopted by the sector.
Carbon Disclosure Project (CDP)
It specializes in the greenhouse gas emissions of large corporations.
CEO Partnership for Economic Inclusion
It promotes financial inclusion around the world with the support of major companies.
Women’s Empowerment Principles (WEP’s)
It reaffirms the commitment to empowering women within the workplace, markets and community, in addition to inspiring other companies, governments and people to take prompt action.
The Valuable 500
Seeks that 500 global private sector corporations commit to incorporate people living with disabilities in the business leadership agenda.
Global Investors for Sustainable Development Alliance (UN)
The group is aimed at leveraging the insights of private sector leaders to remove impediments and implement solutions for mobilizing resources for sustainable development.
International Wildlife Trade Financial Taskforce
Works to tackle illegal wildlife trade and identify and disrupt large criminal networks that profit from this crime
Climate Leadership Council
Promotes a carbon dividends framework as the most cost-effective, equitable and politically-viable climate solution.
BID Y ACLIMATISSE
A pilot program that aims to consolidate the institutional and operational capacity of Mexican banks to identify and manage environmental, climate and social risks and opportunities, helping financial institutions incorporate the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Committee of Mexican Stock Exchange Issuers
We are an active member of the Committee of Mexican Stock Exchange Issuers. This Committee focuses on relevant issues regarding the opinions, requirements, needs and concerns of the stock exchange, in addition to its regulations, practices and members.
Its goal is to review and discuss issues relating to participation on the stock exchange, in addition to facilitating the participation of issuers in all activities covering regulatory, promotional, development and distribution issues with the goal of consolidating the market.
During 2019, some of the most relevant issues tackled during the Committee’s sessions included:
- Changes to the IPC Sustainability Index. It was announced that, as of 2019, RobecoSAM would be tasked with all evaluations regarding BMV indices. An index designed to measure the performance of issuers in terms of Environmental, Social, and Governance (ESG) criteria.
- Analysis of Decree for Fiscal Stimulus for the Stock Exchange. It outlines the fiscal stimulus packages for transactions in the financial sector.
- Bill by the House of Representatives regarding the Participation of Women in Board of Directors. It was stated that this bill aims to reform Articles 19, 24 and 26 of the Stock Market Law.
- Bill by the Senate regarding Class Actions by Companies Listed on the Stock Market. Reform of Article 103 of the Stock Market Law, which considers the possibility that shareholders can seek invalidation and the payment of damages on an individual basis or by means of class actions.
- Methodology for ESG Indices. This index uses the following indices as benchmarks: S&P/BMV IPC, representing the most traded issuers on the market, and S&P Mexico BMI, which includes fibers.