SOCIAL, ENVIRONMENTAL AND CLIMATE RESPONSIBILITY
Our social, environmental and climate responsibility is based on a set of principles and guidelines to be observed by the institution in conducting its business activities, executing its processes, providing its services and offering its products, and in all relationships with its stakeholders.
We have several initiatives that promote and orient our practices in pursuit of long-term sustainable development. We have undertaken to extend and continuously refine these practices to contribute to the Sustainable Development Goals (SDGs) adopted by the United Nations.
Find out more about our social, environmental and climate responsibility policy.
Social, Environmental and Climate Risk
In compliance with regulatory requirements, BOCOM BBM took steps in 2023 to ensure implementation of industry best practices in
analyzing the risk associated with the extension of credit to companies.
Conscious of our role as intermediators of funds between different economic actors, we have designed our own process of analysis, which identifies and classifies the risks present in credit-related activities and transactions with clients.
Our Compliance team uses exclusive criteria to analyze social, environmental and climate risks, conducting due diligence of the client before the extension of credit if approved. Assessments are made by specialized professionals and may result in restrictions or conditions for loan approval.
GOVERNANCE
Our business model is oriented by sustainable best practices, a commitment to transparency in strategic decisions, and ethical conduct with agility, efficacy and security.
Our activities are overseen by specific committees, which enjoy considerable autonomy and report decisions or make recommendations to the Executive Board.
Two of these committees are particularly important: the Sustainability Committee and the Women’s Engagement Committee.
The Sustainability Committee’s remit is to define the actions linked to the institution’s social and environmental responsibility and oversee compliance with the applicable legislation and regulation. It also reviews bank’s sustainability strategies, policies and targets, proposing refinements where appropriate, as well as sponsorships and donations aligned with the policies, and closely monitors the bank’s corporate governance practices.
The Sustainability Committee participants include the entire executive board and members from the sustainability, fiscal control, compliance, funding & IR, capital markets, communication and PLD/PAI departments.