We have reaffirmed our commitment to being a transparent Institution by reporting our progress in achieving the ten principles of the Global Compact, our contribution to the United Nations Sustainable Development Goals, and our performance in ESG (Environmental, Social & Governance) criteria and in the UNEP FI Principles for Responsible Banking.
The information herein provided corresponds to the period comprising January 1 to December 31, 2021, encompassing the most relevant issues of our different stakeholders, taken from our materiality study. Furthermore, we comply with the GRI Standards reporting principles for content and quality.
"i. ‘This report has been prepared in accordance with the GRI Standards: Core option." The information herein contained was determined by Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México.
There were no significant changes nor restatement of information to the list of material topics and the coverage of said topics with regard to the 2020 Responsible Banking Report (published on April 23, 2021). We updated content 306-1, 306-2 and 306-3 from the 2016 version to the updated 2020 version, in accordance with GRI Standards.
Furthermore, we reviewed the content based on our global strategy and public commitments, eliminating content 205-2, which corresponds to Business Ethics and is found in general audited content 102-16 and 102-17, and content 303-1, given that the Group’s strategy does not contain a specific commitment in this area.
In order to consolidate the ESG data presented to our stakeholders, and especially to our investors, we have, for the first time ever, reported using the Sustainability Accounting Standards Board (SASB), an extremely useful tool in identifying important material topics.
We have selected the standards that are most directly related to our material topics and to the industry in which we operate, based on the Sustainable Industry Classification System (SICS).
Given that we are part of the financial sector, the industries chosen for this Responsible Banking Report were Commercial Banks (FN-CB), Asset Management and Custody Activities (FN- AC), Consumer Finance (FN-CF) and Investment Banking and Brokerage (FN-IB), all of which correspond to the SASB Content Index.
The Responsible Banking Report 2021 is externally verified by PricewaterhouseCoopers (PwC) who maintains a relationship as a supplier to carry out this process in Santander Mexico, providing trust and transparency to the information reported in the scope of content verification.
The Audit Committee is responsible for proposing the external auditor, in addition to analyzing its findings and assessing its performance. The area tasked with requesting this verification is the Public Relations, Internal Communication and Sustainability area, coordinated by Rodrigo Brand de Lara, who is Joint General Director of Research, Strategies and Public Affairs, and the President’s Chief of Staff, in addition to being a member of the Board of Directors. To learn more about the 2021 Responsible Banking Report or about the Bank’s sustainability actions, please contact us at:
