Climate Change Data

BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

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

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Increase the range of products and services offered to clients
Medium-term Goals:
  • Further grow the Bank’s business in politically and economically stable, high-growth markets
  • Targeted growth in expanding and diversifying the Bank’s country and industry exposure
Short-term Goals:
  • Resume business growth under improved economic environment
  • Streamline the Bank’s operating model for greater efficiency
  • Finish the process of amending contractual terms by the end of 2021

Environmental Challenges

  • The effects of the COVID-19 pandemic have adversely affected the Bank’s businesses and results of operations.
  • Liquidity risk.
  • Inadequate allowance for losses on financial instruments.
  • Market risk inherent in the Bank’s financial instruments.
  • Interest rate risk.
  • Commercial Portfolio may decrease or may not grow as expected.
  • Increased competition and banking industry consolidation.
  • Operational failures or security breaches.
  • Hedging strategy may not be able to prevent losses.
  • Failure to remain in compliance with applicable banking laws or other applicable regulations.
  • Expansion and/or enforcement of U.S. economic or financial sanctions, requirements or trade embargoes.
  • Changes in applicable law and regulation.
  • Loss of senior management.
Mitigation Strategies
  • Implemented policies focused on maintaining liquidity.
  • Established stricter credit underwriting criteria.
  • Focus on client segments and industries that are better suited to weather the effects of the COVID-19 pandemic.
  • Continuously monitoring the pandemic and related risks.
  • Instituted office closures and remote working arrangements for its employees and staff.
  • Actively managing liquidity risk.
  • Determining the appropriate level of allowances for losses based on a forward-looking process.
  • Implementing policies and procedures to promote compliance with applicable laws.
  • Periodically updating its global Sanctions policy.
  • Following Basel III criteria to determine capitalization levels.
  • Implementing office closures and remote working policies.
  • Continuously making investments and improvements in its information technology infrastructure.
  • Implementing risk-based policies and procedures to promote compliance in all material respects with applicable Sanctions.

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: IFRS

Certifications: Null

Third-party Assurance: KPMG LLP

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed