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Banco Mercantil del Norte (Banorte)Mexico
Active
This profile is actively maintained
Last update: 2022-10-14 11:11:18
Banorte's head offices in Monterrey. Photo: Google Earth/Streetview
Active
This profile is actively maintained
Last update: 2022-10-14 11:11:18
About
| Website | http://www.banorte.com |
| Headquarters |
Avenue Revolucion 3000
NL 64830 Monterrey
Mexico
|
| CEO/chair |
Jose Marcos Ramirez Miguel CEO |
| Supervisor | |
| Ownership |
listed on Mexican Stock Exchange (BMV)
Banco Mercantil del Norte is a subsidiary of Grupo Financiero Banorte, of which its shareholder structure can be accessed here. |
Banco Mercantil del Norte (Banorte), established in 1899, is a Mexican banking and financial services company and a subsidiary of Grupo Financiero Banorte. It is one of the four largest commercial banks of Mexico and the largest domestically held bank. Banorte offers various banking products and services to individuals and small and medium-sized enterprises in Mexico and the United States. Banorte adopted the Equator Principles in 2012.
Sustainability
Commitments
Policies
Voluntary standards
Banorte's most important sustainability commitments can be found at the website sections listed below.
Banco Mercantil del Norte (Banorte) has committed itself to the following voluntary standards:
Campaigns
Tracking the Net Zero Banking Alliance
Banco Mercantil del Norte (Banorte) is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
News
BankTrack
Partners
Blog
External
Resources
Documents
Accountability
Grievances
Banorte operates a complaints mechanism via EthicsPoints which can be accessed here.
Banorte is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates Banco Mercantil del Norte (Banorte)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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