Credicorp publishes its 2020 Annual and Sustainability Report with details of its 2020-2025 Sustainability Program
A key aspect of the Sustainability Report is Credicorp’s 2020-25 Sustainability Program. This transformational program was developed over a period of five months, during whichtime more than 30 leaders from BCP, BCP Bolivia, Mibanco, Pacífico,
The year 2020 was fraught with difficulties that have marked the history of humanity and set the bases for new challenges, opportunities, objectives and initiatives across the globe. In his 2020 letter to shareholders, which presented the first Sustainability Report at the
A key element of the Sustainability Program focuses on strenghtening the governance structure. Credicorp hasexpanded the scope of the Corporate Governance Committee, which has been renamed the "Sustainability Committee” to reflect its role in leading and overseeing Sustainability issues, including the Sustainability Program. Credicorp has also set up a Sustainability Office at the Corporate Level, which reports to the Deputy CEO, and designated Executive Sponsors and Heads of Sustainability at both the corporate and subsidiary levels. For the most part, the Heads of Sustainability report directly to the CEOs of their business.
The 2020 Sustainability Report includes information on the holding’s sustainable operations, including:
• A Strengthened Corporate Governance framework: the expanded and reconfigured composition of the Boardincreases its level of independence and diversity. Additionally, the simplified Committee structure boosted its independence.
• The COVID-19 social response: active support foremployees, clients and communities through a series of initiatives, as they navigated the current crisis.
• The new integrated Sustainability Strategy: initiatives that are aligned with the Company’s core business, coupled with its Commitment to the Future.
The Company has accelerated the pace of its journey to become a leader in sustainable financial services. Over theyears it has disclosed its ESG initiatives on a company-by-company basis through the sustainability reports published by BCP, Pacifico and Mibanco. In 2019 Credicorp compiled an integrated review of the companies’ initiatives, which was included in the ESG Chapter of the Annual Report. In 2020the company hit the milestone announced today: the publication of Credicorp’s first Sustainability Report at theholding company level, detailing its commitment to integrateESG at the core of its strategy.
As Credicorp progresses in its efforts to develop a more comprehensive Sustainability Report, it will continue aligning its reporting framework, as well as its initiatives, with best practices and in accordance with international reporting standards.
Please click the following link to download the 2020 Annual and Sustainability Report:
For further information please contact the IR team:
Source: CREDICORP LTD.