INVEX Controladora, S.A.B. de C.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental, Social, and Governance (ESG)
Environmental Achievements
- Ammper Energía implemented goals aligned with the UN Sustainable Development Goals (SDGs), including SDG 7 (Affordable and Clean Energy), SDG 13 (Climate Action), and SDG 9 (Industry, Innovation, and Infrastructure). They have a plan for emission reduction by 2030 and report according to the Global Reporting Initiative (GRI) guidelines.
- Banco INVEX was recognized as a Socially Responsible Company.
Social Achievements
- Launched Now Bank, a digital bank with 100% remote account opening.
- Launched INVEX Trade portal, updating the interface for clients to buy and sell shares of national and international issuers, as well as investment companies.
- Opened representative offices in León, Culiacán, and Cancún for fiduciary services.
- Segmented Private Banking into two: Private and Patrimonial, to offer clearly differentiated products to each segment.
Governance Achievements
- Implemented AI modules in the collection area.
- Updated the core banking system, migrating to a layered model that allows for the “APIfication” of services.
- Renewed servers to increase redundancy and speed.
- S&P Global Ratings increased INVEX Controladora's rating from mxA to mxA+.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Continue growing in the electricity supply business in Mexico and Texas.
- Advance in electrical infrastructure investments.
Short-term Goals:
- Increase participation in the Consumption segment.
- Implement solutions to simplify financial transactions for clients.
Environmental Challenges
- Economic and political risks in Mexico (inflation, currency volatility, interest rates, etc.)
- Competition in financial services and energy sectors.
- Changes in government regulations (financial and energy sectors).
- Credit risk (potential defaults by borrowers).
- Operational risk (system failures, errors, legal issues).
- Cybersecurity risks.
- Liquidity risk.
- Climate-related risks (extreme weather, regulatory changes).
- Foreign exchange rate fluctuations.
- Potential loss of key personnel.
- Difficulty monetizing assets in the Investments division.
- Dependence on timely payments from government entities in Public-Private Partnerships (PPPs).
- Limited information on some investments.
- Risk of non-compliance with CNBV and BMV requirements.
Mitigation Strategies
- Conservative risk management.
- Diversification of business portfolio.
- Established procedures for mitigating credit risk (internal evaluations, expected loss measurements).
- Procedures to mitigate operational risk (identification, modification, and control of potential losses).
- Business continuity plan.
- Robust IT infrastructure and cybersecurity measures.
- Liquidity management strategies (long-term financing, high-liquidity government instruments, reporto operations).
- ESG integration into business strategy.
- Refinancing of Amozoc-Perote highway concession (Gana).
- Total divestiture of Jaguar Solar photovoltaic portfolio.
- Development of real estate projects.
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Global Reporting Initiative (GRI)
Certifications: Empresa Socialmente Responsable (ESR)
UN Sustainable Development Goals
- SDG 7
- SDG 13
- SDG 9
Ammper Energía's initiatives contribute to these goals through sustainable energy solutions, emission reduction plans, and infrastructure projects.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Banco INVEX recognized as a Socially Responsible Company.