Environmental and Social Risk Management System (SARAS)
In 2017, Bancomext develops and launches the Environmental and Social Risk Management System (SARAS), which allows the support of projects that aim to or that incorporate the use of green energies in their development. This is part of the commitment to consolidate as a Green Bank and increase the positive footprint of the institution in the healthy development of the Mexican economy.
SARAS initiates operationally in a normative manner in September 2017 and establishes a comprehensive management framework that includes policies, procedures, tools and internal promotion actions and training to identify, supervise and manage the exposure the bank may have regarding potential environmental and social impacts within the credit process.
Within the Credit Process, its objective is to categorize projects according to their level of environmental and social risk to appropriately manage the potential impacts that may affect both credit risk and reputations.
The implementation of this Environmental and Social Risk Management System (SARAS) abides by the following specific objectives:
Since its entry into force at the end of 2017, more than 70 assessments were made on the first tier operations to be financed and which determine environmental and social conditions that must be met during the term, whenever the operations and their procurement are authorized.
Social Responsibility (Volunteering)
2017 was an intense year in matters of challenging us to help others. The awards and prizes that our Institution has received are only a reflection of the quality of the human capital it relies on, both for the work and tenacity that they imprint day after day in their work, and for their ability to provide support to vulnerable populations, to take care of the environment or to provide a better education to the communities that need it the most.
We rely on three lines of action upon which the activities of the Social Responsibility program have been structured, designed to favor the communities that comprehensively surround Bancomext. These lines of action are:
- Education
- Community
- Environment
Some of our 2017 activities were Bancomext woman, a woman who empowers, economic fundraising for school supplies and backpacks, reforestation day, a collection of food for September 7 earthquake victims, blood donation to children at National Institute of Pediatrics, permanent PET containers sorting campaign, among others.
The activities were carried out also taking into consideration the interests of colleagues, Bancomext mission and the new strategies of the Environmental and Social Risk Management System (SARAS). All this, throughout the year, resulted in:
