About Banco Industrial
Banco Industrial emerged within the Guatemala Chaber of Industry in the late sixties to support the country’s industrial sector. The bank has business lines focused on demanding target markets for our services, dividing operations into three main segments: Corporate Banking, Business Banking, and Personal and Institutional Banking.
Recognizing the need to take measures to contribute to sustainable development, we became signatories of the Principles for Responsible Banking of the United Nations Environment Programme Finance Iniciative (UNEP FI).
In the initial phase, country needs were analyzed through the Context Module tool. This process allowed us to identify the impact areas and topics to address:
Integrity & Security of Person
Availability, accessibility, affordability, quality of resources & services
Livelihood
Socio-economic convergence
Biodiversity & healthy ecosystems
Understanding the country’s needs, we evaluated our portfolio composition, disaggregated by ISIC, using the Consumer Banking Identification Module. This analysis helped identify and understand the environmental, social, and economic impacts, both positive and negative, linked to our consumer portfolio. As a result, we identified the most significant impact areas for our portfolio:
Availability, accessibility, affordability, quality of resources & services
Socio-economic convergence
Impact Analysis Tool Results, Banco Industrial 2
Context Module
Through the Context Module, the country’s environmental, social, and economic needs and priorities has been analyzed. Consequently, the following impact needs were identified: Integrity & Security of Person
Availability, accessibility, affordability, quality of resources & services
Positive impacts
Credit
The credit portfolio focuses on two impact areas out of the 12 national-level needs:
1. Socio-economic convergence, associated with the entire portfolio, representing 100% of our exposure
2. With a 100% exposure in Availability, accessibility, affordability, quality of resources and services as a key impact area.
The development of financial products and services to reduce inequalities holds significant importance, aiming to provide equitable access and economic opportunities for various segments of Guatemalan society.
Impact Analysis Tool Results, Banco Industrial 3
Livelihood Socio-economic convergence Biodiversity & healthy ecosystems 0 1 2 3 4 Integrity & security of person Health & Safety Biodiversity & healthy ecosystems Circularity Availability, accessibility, affordability, quality ofresources & services Climate stability Livelihood Socio-economic converge Equality & Justice Infraestructure Healthy economies
institutions, peace & stability Guatemala
Strong
Current accounts and savings
100% of the portfolio exposure from current and savings accounts is identified as a key area of positive impact in terms of availability, accessibility, affordability, quality of resources and services. This facilitates the ongoing creation of initiatives promoting savings and investment to enhance Life Quality for our clients.
Impact Analysis Tool Results, Banco Industrial 4 Integrity & security of person
& Safety Biodiversity & healthy ecosystems Circularity Availability, accessibility, affordability, quality ofresources & services Climate stability Livelihood Socio-economic converge Equality & Justice Infraestructure Healthy economies Country priorities Local priorities All associations (Credit) Key associations (Credit) Strong institutions, peace & stability 0% 40% 60% 80% 100% 20%
Health
Integrity & security of person
Biodiversity & healthy ecosystems Circularity Availability, accessibility, affordability, quality ofresources & services Climate stability Livelihood Socio-economic converge Equality & Justice Infraestructure Healthy economies Country priorities Country priorities All associations (accounts) Key associations (accounts) Strong institutions, peace & stability 0% 40% 60% 80% 100% 20%
Health & Safety
Negative impacts
The credit portfolio exposure is linked across three impact areas out of the 12 national-level needs
Improvement opportunities in our credit products are identified as key impact area “availability, accessibility, affordability, quality of resources and services”
The impact areas associated with the credit portfolio are related to:
Availability, accessibility, affordability, quality of resources and services; Circularity;
Climate stability
The results highlight the need of promoting sustainable financial practices aligned with the Sustainable Development Goals (SDG).
*No negative impacts has been identified in the portfolio exposure of current and saving accounts.
Integrity & security of person Health & Safety Biodiversity & healthy ecosystems Circularity Availability, accessibility, affordability, quality ofresources & services Climate stability Livelihood Socio-economic converge Equality & Justice Infraestructure Healthy economies Country priorities Local priorities All associations (credit) Key associations (credit) Strong institutions, peace & stability 0% 40% 60% 80% 100% 20%
