Grupo Supervielle S.A.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Diversity, Equity, and Inclusion
- Education
- Environment
Environmental Achievements
- Migrated 100% of luminaires to LED technology
- 42 branches supplied with renewable energy
- Mitigated 29% of carbon footprint due to increased renewable energy use and renewable energy certificates
Social Achievements
- 127 Grupo Supervielle leaders trained on inclusive leadership and cognitive biases
- Fifteen young people completed their accompaniment cycle with Supervielle and Fundación Cimientos
Governance Achievements
- Board of Directors approved the Sustainability Policy for Grupo Supervielle
Climate Goals & Targets
Short-term Goals:
- Positive ROE by the close of 2Q23
Environmental Challenges
- Adverse macroeconomic environment with high inflation and low loan demand
- Weakening of the Argentine Peso
Mitigation Strategies
- Streamlined network and merged consumer finance operation with the bank
- Reduced headcount by 21% from 2021 levels
- Prioritized customer engagement, monetization, and cross-selling over customer acquisition
- Tightened underwriting policies
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- 2022 Eikon Awards (Internal Communication and Influencers Campaign Categories)
- Best Financial Institution of Mendoza 2022
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
- Diversity, Equity and Inclusion
Social Achievements
- Published 2023 Integrated Annual Report demonstrating commitment to transparency and disclosure of ESG activities.
- Approved Diversity, Equity and Inclusion Policy.
Climate Goals & Targets
Environmental Challenges
- Complex macro and political environment characterized by high inflation, market volatility, and weak loan demand.
- Near-term challenges for the government including obtaining support to advance structural reforms and deregulation agenda and maintaining social support in a recessionary backdrop with high inflation.
Mitigation Strategies
- Nimble asset and liability management capabilities.
- Shift in loans to middle-market corporates and payroll customers along with significantly lower exposure to consumer loans, and tightening of credit scoring standards.
- Entire capital shielded against inflation and a loan book with exposure to highly attractive export-oriented sectors, including oil & gas, mining, and agribusiness.
- Solid and agile foundation.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Euromoney’s 2024 Trade Finance Survey: first in Argentina, Foreign Trade category and fifth in Latin America.