Introduction to XXI Banorte and its Significance
XXI Banorte, a prominent Mexican pension fund management company, has been acknowledged as a leader in responsible investment within the Afore (Pension Fund Management and Administration Company) sector by ALAS20, an international organization promoting and recognizing best practices in environmental, social, and governance (ESG) areas among Latin American companies.
Reasons for Recognition
- The award highlights XXI Banorte’s environmentally, socially, and economically responsible practices that foster sustainable development of the economy.
This recognition underscores XXI Banorte’s consistent sustainable management, commitment to transparency, and effective integration of the United Nations’ Principles for Responsible Investment (UNPRI) into its investment portfolio.
David Razú Aznar’s Statement
David Razú Aznar, General Director of XXI Banorte, expressed his thoughts on the recognition: “This award is a testament to the Afore’s dedication to providing and promoting investment strategies that positively impact each account holder, Mexican society, and the environment.”
Impact of XXI Banorte’s Investment Strategy
XXI Banorte’s investment strategy not only aims to deliver high returns but also seeks to transform the socioeconomic fabric of the country by setting sustainability goals and targets, supporting vital causes, and making a tangible difference in people’s lives.
Recent Sustainability Recognitions
This award adds to the recent sustainability recognitions XXI Banorte has received, including the highest rating from UNPRI and validation of its decarbonization goals by the Science Based Targets (SBTi) initiative.
XXI Banorte’s Commitment to Sustainable Finance
With this recognition, XXI Banorte reaffirms its commitment to developing a more sustainable financial system with positive impacts, ensuring Mexicans can access a dignified retirement and a more sustainable and prosperous future.
Key Questions and Answers
- Who is XXI Banorte? XXI Banorte is a leading Mexican pension fund management company committed to responsible investment practices.
- What does this recognition signify? The award acknowledges XXI Banorte’s environmentally, socially, and economically responsible practices that foster sustainable development.
- What is the significance of UNPRI and SBTi recognitions? These recognitions validate XXI Banorte’s high standards in responsible investment and its commitment to decarbonization goals.
- How does XXI Banorte’s investment strategy impact Mexicans? The strategy aims to deliver high returns while transforming the socioeconomic fabric of the country through sustainability goals and supporting vital causes.
