The Mexican Stock Exchange Ratifies Grupo Financiero Banorte as Member of the Sustainable IPC Index

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The Mexican Stock Exchange Ratifies Grupo Financiero Banorte as Member of the Sustainable IPC Index

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Summary

Due to the adoption of sustainable and socially responsible processes in their corporate practices, for the second consecutive year, Grupo Financiero Banorte (GFNorte) was selected by the Mexican Stock Exchange (BMV) to be part of its Sustainable IPC Index.

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Press Release
Friday, January 18, 2013 - 1:00pm

January 18, 2013 /3BL Media/ - Aware that sustainability involves not only a change in organizational structures, but is also a factor to help achieve an increase in profitability, for GFNorte it has proved vital to implement continuous improvement processes to ensure the availability of resources in a transparent, environmental and social responsible way in its interaction with its stakeholders.

For GFNorte being sustainable has created tangible benefits, including reduction in costs and certain operating risks, as well as more environmental-friendly operations. In this way, Banorte-Ixe furthers its commitment to continue working toward sustainable practices.

With this philosophy, Banorte-Ixe, as a leader in serving the SME sector, also facilitates a way for SMEs to adopt sustainable practices to better adapt to a changing environment on economic, social and environmental issues, recognizing that a sustainable business will be able to generate more value in the long-term and to be better prepared for the challenges ahead.

According to the BMV, the Sustainable IPC Index consists of 29 issuers companies (including GFNorte) and includes those that exceeded the national qualifying average related to their combined environment, social responsibility and corporate governance performance, being effective from 1 February 2013 to 31 January 2014.

Contact

Grupo Financiero Banorte
http://www.banorte.com