More than 30 years creating total value
Consistent with our social origin, starting in 2020, we will begin work to clarify our sustainable management. We have been creating total value for more than 30 years, so this work seeks to align and maintain our management in line with the best global practices in the sector, in social, environmental and governance matters.
Aligned with our ESG Strategic Policy, we have defined our sustainability strategy, the progress of which will be reported periodically to the Sustainability Operating Committee. We will do our best to measure our impact and communicate it annually, aligned with international standards that are useful for both Gentera and our stakeholders, using a common language and with the transparency that characterizes us. We understand that sustainable management generates greater impact by teaming up with other entities in society. That is why we are members of the Sustainability Committee of the Mexican Banking Association and the Mexican Stock Exchange. Our participation allows us to stay abreast of relevant issues and strengthen ties with companies that, like us, are committed to creating opportunities in a responsible manner.
Aware of the impact of our activities in the countries where we operate and consistent with our social origin, we are strengthening the group's sustainability strategy, aligned with the Sustainable Development Goals, a United Nations initiative for the benefit of people and the planet. We contribute directly to:
The group's sustainability governance is the responsibility of the Sustainability Operating Committee, which works in coordination with the Diversity and Inclusion and Corporate Ethics Operating Committee.
Composition of the Sustainability Operating Committee:
Presidents of Gentera
Chief Executive Officer of Gentera
Chief Executive Officer of Compartamos Banco
Chief Corporate Officer of Gentera
Chief Financial Officer
Executive Director of Institutional Relations and Sustainability
Director of Investor Relations
We are signatories to these initiatives in coordination with the Corporate Governance team
In Gentera, we are conscious of the impact of our activities in the communities of Mexico and Peru that we are present.
United Nations Global Compact
In 2020 in Gentera we made a commitment to implement the 10 Global Compact Principles, based on the Universal Declaration of Human Rights, the International Labor Organization, the Rio Declaration on Environment and Development, and the United Nations Convention against Corruption. We actively participate in the 2030 Agenda working groups promoted by the Local Network of the Global Compact Mexico and the Business Coordinating Council.
Principles of Responsible Banking
Through Compartamos Banco, in 2020 we adhered to the Principles of Responsible Banking of the United Nations Environment Programme Finance Initiative, UNEPFI, becoming the first microfinance institution to be part of this initiative.
Banking Sustainability Protocol
Compartamos Banco signed the Banking Sustainability Protocol in 2016. This is the voluntary agreement that establishes guidelines to guide Financial Institutions on the path to sustainability. The Bank participates annually in the Sustainable Development Report of the Banking Sector in Mexico, aligned with the 2030 Agenda.
Declaration in favor of green finance development
In 2022 Compartamos Banco became a signatory to the Declaration in favor of the development of green and climate finance, as well as sustainable finance. The initiative commits us to periodically evaluate and strengthen our environmental, social and governance (ESG) strategy.