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
|
Classification Positive or Negative |
Event Potential or Actual |
For negative impacts Activity, production chain process or business relationship that causes the impact |
Resources/Stakeholders Affected |
|---|---|---|---|
| Negative | Actual | - | Global economy and the environment. |
Possibility of financial losses
|
Classification Positive or Negative |
Event Potential or Actual |
For negative impacts Activity, production chain process or business relationship that causes the impact |
Resources/Stakeholders Affected |
|---|---|---|---|
| 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
|
Classification Positive or Negative |
Event Potential or Actual |
For negative impacts Activity, production chain process or business relationship that causes the impact |
Resources/Stakeholders Affected |
|---|---|---|---|
| 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
|
Classification Positive or Negative |
Event Potential or Actual |
For negative impacts Activity, production chain process or business relationship that causes the impact |
Resources/Stakeholders Affected |
|---|---|---|---|
| Positive | Actual | - | Global economy and the environment. |