This is the twelfth year we have published our Responsible Banking Report, aligned with Global Reporting Initiative (GRI) standards and guidelines, highlighting Santander Mexico’s major milestones in the areas of the economy, society, environment and corporate governance.
We have reaffirmed our commitment to being a transparent Institution by reporting our progress in achieving the ten principles of the Global Compact, our contribution to the United Nations Sustainable Development Goals, and our performance in ESG (Environmental, Social & Governance) criteria and in the UNEP FI Principles for Responsible Banking.
The information herein provided corresponds to the period comprising January 1 to December 31, 2022, encompassing the most relevant issues for our different stakeholders, taken from our materiality assessment completed in 2022. Furthermore, we comply with the GRI Standards reporting principles for content and quality.
In accordance with the GRI requirements, we updated the contents GRI 1: Foundation 2021, GRI 2: General Disclosures 2021, and GRI 3: Material Topics 2021. We eliminated GRI 412-3 – Significant investment agreements and contracts that include human rights or that underwent human rights screening, opting instead for GRI 308-1 - New suppliers that were screened using environmental criteria and GRI 414-1 New suppliers that were screened using social criteria, the changes described address the change from the 2016 version of the GRI Standards to the 2021 version.
Furthermore, we reviewed the content based on our global strategy and public commitments, deciding to report GRI 305-3, which corresponds to Other Indirect/Scope 3 GHG Emissions.
In order to consolidate the ESG data presented to our stakeholders, and especially to our investors, we have, for the first time ever, reported using the Sustainability Accounting Standards Board (SASB), an extremely useful tool in identifying important material topics.
We have selected the standards that are most directly related to our material topics and to the industry in which we operate, based on the Sustainable Industry Classification System (SICS). Given that we are part of the financial sector, the industries chosen for this Responsible Banking Report were Commercial Banking (FN-CB), Asset Management and Custody (FN-AC), Consumer Financing (FN-CF) and Investment Banking and Brokerage (FN-IB), all of which correspond to the SASB Content Index.
The Responsible Banking Report 2022 is externally verified by PricewaterhouseCoopers (PwC) who maintains a relationship as a supplier to carry out this process in Santander Mexico, providing trust and transparency to the information reported in the scope of content verification.
The Audit Committee is responsible for proposing the external auditor, in addition to analyzing its findings and assessing its performance. The area tasked with requesting this verification is the Public Relations, Internal Communication and Sustainability area, coordinated by Rodrigo Brand de Lara, who is Joint General Director of Research, Strategies and Public Affairs, and the President’s Chief of Staff, in addition to being a member of the Board of Directors. To learn more about the 2022 Responsible Banking Report or about the Bank’s sustainability actions, please write to us at:
