SustainCase newsletter – wk10, March 2025
EU to Exempt 80% of Companies from CSRD Sustainability Reporting Requirements
The European Commission announced the release of its first “Omnibus” package, containing a series of proposals to reduce sustainability reporting requirements for companies, including plans to remove 80% of companies from the scope of its Corporate Sustainability Reporting Directive (CSRD), and limiting the sustainability information that large companies and banks can request from smaller companies.
92% of CFOs plan to boost sustainability spending
While debates around climate change are only getting hotter in 2025, chief financial officers surveyed in December appeared to be holding firm to their commitment to sustainability. In a poll of 500-plus finance chiefs by management consultancy Kearney and climate media platform We Don’t Have Time, 93% of them said they saw a clear business case for sustainability.
Case study: How Grupo Financiero Banorte works with its clients and customers to encourage sustainable practices
March 4, 2025 – Grupo Financiero Banorte is a prominent financial institution in Mexico, known for its extensive business diversification within the market. It functions as a universal bank and offers a diverse range of products and services through its brokerage, annuities and insurance companies, retirement savings funds (Afore), mutual funds, leasing and factoring operations, as well as warehousing activities. Grupo Financiero Banorte is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Read more.
Case study: How BGR works with its clients and customers to encourage sustainable practices
February 27, 2025 – BGR, a mid-sized bank in Ecuador, concentrates on consumer, mortgage, and commercial banking, with a distinct focus on serving the military community as its primary customer segment. Notably, BGR has made significant investments in digital banking, transforming it into its primary product offering. This includes online lending options, credit cards, and savings accounts, providing customers with a seamless and convenient banking experience. BGR is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Read more.