Climate Change Data

BANCO PROVINCIAL, S.A. BANCO UNIVERSAL

Climate Impact & Sustainability Data (2017-01 to 2017-06, 2022-01 to 2022-06)

Reporting Period: 2017-01 to 2017-06

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Responsible Business
  • Education
  • Employee Well-being
  • Community Investment
  • Environmental Sustainability

Environmental Achievements

  • Not disclosed

Social Achievements

  • Launched "Camino al éxito" program for SMEs, with over 14,600 companies participating.
  • Implemented education programs benefiting 3,581 people.
  • Supported 318 community entrepreneurs through the Emprendimiento Social program.
  • Offered online financial education course to 3,211 young people, certifying 834.
  • Provided 4,500 scholarships through the Becas de Integración program.
  • Ran the Papagayo program, reaching 13,951 students.
  • Conducted corporate volunteer activities, including environmental work at the Caracas Botanical Garden.
  • Provided Bs. 9.365.000 in donations to 19 institutions.

Governance Achievements

  • Maintained a strong corporate governance structure, complying with SUNAVAL regulations.
  • Implemented a robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) system.
  • Strengthened risk management processes.
  • Published a Code of Conduct outlining ethical guidelines for employees.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Complex economic environment for large companies.
  • Decreasing oil production and prices.
  • Changes in the DICOM exchange rate system.
  • Decreasing imports from major trading partners.
  • Fiscal challenges and regulatory changes.
Mitigation Strategies
  • Focused on transactional product and service sales to increase business volume.
  • Implemented strategies to manage resource flow at optimal cost.
  • Maintained stable placement of sight deposit products.
  • Strengthened risk management processes and models.
  • Developed new functionalities in applications for monitoring and analyzing unusual transactions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines

Certifications: Null

Third-party Assurance: Rodríguez Velázquez & Asociados (KPMG)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Best Bank in Venezuela by Global Finance Magazine

Reporting Period: 2022-01 to 2022-06

Environmental Metrics

ESG Focus Areas

  • Responsabilidad Social Corporativa
  • Gobierno Corporativo
  • Prevention and Control of Money Laundering, Terrorism Financing, and Financing of the Proliferation of Weapons of Mass Destruction (PCLC/FT/FPADM)

Social Achievements

  • Investment social in the first semester benefited 10,638 people.
  • 6,976 people benefited from education programs for social integration.
  • 2,552 people benefited from financial and business education programs.
  • Three volunteer initiatives involving 107 employees impacted 260 beneficiaries.

Governance Achievements

  • Strict compliance with Corporate Governance Principles.
  • Strengthened the Integral Risk Management System for Money Laundering, Terrorism Financing, and Financing of the Proliferation of Weapons of Mass Destruction (SIAR LC/FT/FPADM).

Climate Goals & Targets

Environmental Challenges

  • Global economic slowdown due to the war in Ukraine and the COVID-19 pandemic.
  • High inflation (6.5% monthly, 167.1% year-on-year in May).
  • Liquidity restrictions in the financial system due to high reserve requirements (73%).
  • Appreciation of the exchange rate reducing indexing in the credit portfolio.
Mitigation Strategies
  • Client-centric strategy optimizing customer experience across channels.
  • Updates to mobile payment app "Dinero Rápido" with interbank payment services.
  • New functionalities in Provinet for online currency exchange.
  • Solid risk policies maintaining low credit delinquency (0.43%) and risk premium (2.05%).
  • Strategies to manage liquidity and cost of funding in the interbank market.

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • ODS 4
  • ODS 8
  • ODS 9
  • ODS 10
  • ODS 11
  • ODS 17

The company's social responsibility initiatives align with these SDGs through education, entrepreneurship, and community support programs.