The loss of biodiversity, scarcity of natural resources, alteration of ecosystems, and pollution are leading the world to a growing crisis that threatens the subsistence of all economic activities. More than half of global production depends directly or indirectly on nature; however, its accelerated deterioration is increasingly affecting global finances.
Environmental collapse ranks among the top five risks for the next 10 years; there is an urgent need for decisive, ambitious, and immediate actions to halt and reverse these effects. GFNorte recognizes its influence in generating positive results for nature and incorporates environmental risks into financing decision-making, aiming to catalyze among clients the protection, conservation, and restoration of natural capital, considering the objectives of the Global Biodiversity Framework.
As part of the social and environmental due diligence and in line with the Equator Principles and national legislation, the SEMS examines the performance of projects seeking financing, in accordance with the guidelines of the IFC Performance Standards, particularly on the following aspects:
- Assessment of environmental and social risks and impacts
- Efficiency in resource utilization and pollution prevention
- Water
- Waste
- Greenhouse gas emissions
- Hazardous materials
- Biodiversity conservation and sustainable management of living natural resources
- Natural habitats
- Modified habitats
- Critical habitats
- Legally protected and internationally recognized zones
- Invasive species
- Ecosystem services
Equator Principles IV suggests conducting specialized studies on biodiversity and encouraging clients to share information about their projects with the Global Biodiversity Information Facility for future research and development applications.
Natural Capital Policy