Grupo Financiero Banorte Directs Two Subsidiaries to Follow ISSB Guidelines

Posted on 06/01/2022

Grupo Financiero Banorte disclosed that two Banorte subsidiaries will follow an international advisory board’s guidelines to help investors access higher quality ESG information for decision-making. Grupo Financiero Banorte Chairman Carlos Hank González said Afore XXI Banorte and Operadora de Fondos will promote International Sustainability Standards Board (ISSB) criteria, aimed at developing global benchmarks that respond to the needs of investors and financial markets.

The move by Banorte comes as investors with global investment portfolios increasingly are seeking high quality, transparent, reliable and comparable reporting by companies on climate and other environmental, social and governance (ESG) matters.

Banorte offers a string of sustainable consumer-centric financing products, including its recently launched Green Auto Loan, an exclusive loan to purchase hybrid and electric vehicles.

    Get News, People, and Transactions, Delivered to Your Inbox