Grupo Financiero Banorte (Banorte) will use CRedit360's sustainability software in order to track and analyze its social, environmental and economic performance.
This system will enable Banorte to collect data seamlessly across all of the subsidiaries of the group and use the information to drive progress on sustainability within its business.
"We opted for the CRedit360 sustainability system due to the company's corporate sustainability experience and understanding of the challenges we face, as well as the flexibility of the product and the fact that it's highly user friendly," says Mayra Hernandez, Executive Director for Corporate Responsibility and Sustainability, Grupo Financiero Banorte. "We plan to conduct rigorous monitoring and analysis in order to identify risks and opportunities".
As the third largest financial group in México, Grupo Financiero Banorte is listed on the Sustainable IPC Index of the Mexican Stock Exchange and was recently recognized, according to CDP 2013, as one of the eight highest scored companies in their Latin America Climate Disclosure Leadership Index.
Banorte is now focusing on strengthening its corporate responsibility initiatives and enhancing its sustainability reporting, as subsidiaries and business units throughout the group increasingly embed sustainability in their activities.
"Measuring highly complex sustainability data with precision is fundamental to companies' efforts to grow their businesses sustainably," says Mark Shields, Managing Director, CRedit360. "Investing in our sustainability software solution will help Grupo Financiero Banorte to take its sustainability performance management and reporting activities to the next level and retain its reputation as one of Mexico's most responsible companies."