Environmental, social, and climate risk strategy
The topic addresses the Company’s strategy, governance, environmental, social and climate risk management for adaptation and resilience to the consequences of climate change for the business, such as storms, water shortages and new regulations. Includes management of greenhouse gases and other pollutant gases.
Impacts
|
Rating Positive or Negative |
Event Potential or Real |
For negative impacts Activity or process in the supply chain that causes the impact |
Affected Resources/Stakeholders |
|---|---|---|---|
| Negative | Real | - | Global economy and the environment. |
Possibility of financial losses
|
Rating Positive or Negative |
Event Potential or Real |
For negative impacts Activity or process in the supply chain that causes the impact |
Affected Resources/Stakeholders |
|---|---|---|---|
| Negative | Potential | Arising from changes in clients' ability to pay in the event of extreme weather events, including risks related to climate vulnerability in agribusiness credit operations. | The surrounding community and local economy. |
Increase in the bank's exposure to physical climate and transition risks
|
Rating Positive or Negative |
Event Potential or Real |
For negative impacts Activity or process in the supply chain that causes the impact |
Affected Resources/Stakeholders |
|---|---|---|---|
| Negative | Potential | The high concentration of the loan portfolio in clients whose economic sector is more likely to suffer financial impacts related to climate change increases the bank's exposure to physical climate risk, and whose economic activity is linked to high GHG emissions. | Local economy, environment, surrounding community. |
Contribution to a green economy
|
Rating Positive or Negative |
Event Potential or Real |
For negative impacts Activity or process in the supply chain that causes the impact |
Affected Resources/Stakeholders |
|---|---|---|---|
| Positive | Real | - | Global economy and the environment. |