Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a leading Mexican financial institution that operates in the banking sector. Founded in 1899, Banorte has grown to become one of the largest banks in Mexico, with a strong presence in the country's financial markets. The bank has a diversified portfolio of products and services, including retail banking, commercial banking, insurance, and asset management.

Banorte is committed to sustainability and has set ambitious goals to reduce its carbon footprint and promote renewable energy. The bank recognizes that decarbonisation is crucial for the long-term health of the planet and is taking steps to reduce its environmental impact. Banorte has implemented a number of initiatives to promote sustainability, including the use of renewable energy and the adoption of corporate power purchase agreements (PPAs).

Corporate energy is a critical aspect of Banorte's sustainability strategy. The bank has set a goal to reduce its carbon footprint by 25% by 2025, and corporate energy is a key part of this effort. Banorte has implemented a number of energy efficiency measures, such as the installation of LED lighting and the use of energy-efficient HVAC systems. The bank is also exploring the use of renewable energy sources, such as solar and wind power, to reduce its reliance on fossil fuels.

Corporate PPAs are another important part of Banorte's sustainability strategy. A PPA is a long-term contract between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy at a fixed price. Banorte has signed several corporate PPAs to promote the use of renewable energy and reduce its carbon footprint. The bank has partnered with several renewable energy providers, including Enel Green Power and Acciona Energía, to purchase renewable energy from solar and wind farms.

Banorte's commitment to sustainability has earned the bank several accolades and recognition. In 2020, Banorte was included in the Dow Jones Sustainability Index for the fifth consecutive year, recognizing the bank's leadership in sustainability. The bank was also recognized as one of the top 100 companies in the world for climate action by CDP, a global environmental disclosure platform.

In addition to its sustainability efforts, Banorte is also committed to promoting financial inclusion and social responsibility. The bank has implemented several initiatives to promote financial literacy and support underserved communities. Banorte has partnered with several organizations, including the United Nations Development Programme and the Mexican Red Cross, to support social and environmental causes.

Banorte's commitment to sustainability and social responsibility is reflected in its corporate culture and values. The bank has a strong commitment to ethical and responsible business practices, and its employees are encouraged to act with integrity and respect for the environment. Banorte's sustainability efforts are also aligned with the United Nations Sustainable Development Goals, which aim to promote economic growth, social inclusion, and environmental sustainability.

In conclusion, Grupo Financiero Banorte SAB de CV is a leading Mexican financial institution that operates in the banking sector. The bank is committed to sustainability and has set ambitious goals to reduce its carbon footprint and promote renewable energy. Banorte's sustainability efforts are aligned with the United Nations Sustainable Development Goals and reflect the bank's commitment to ethical and responsible business practices. Banorte's leadership in sustainability has earned the bank several accolades and recognition, and the bank's commitment to social responsibility and financial inclusion is a testament to its corporate values.