Assurance Report
Nicaragua

Rubén Francisco Buitrago Vogel
General Manager
BANCO FICOHSA NICARAGUA S.A.

We have been contracted by the Management of BANCO FICOHSA NICARAGUA S.A. to report the Environmental Footprint (main issue), which includes the 2023 carbon and ecological footprint inventory, for the period from January 1 to December 31, 2023, in the form of an independent, limited assurance conclusion regarding whether the Environmental Footprint prepared by FICOHSA Management is prepared in accordance with the methodologies shared by the World Footprint Network and the criteria established in ISO 14064-1:2018, and the accounting and reporting principles of the GHG Protocol 1.

Management Responsibilities

Ficohsa’s Management, through the Social Responsibility area, is responsible for preparing the 2023 Environmental Footprint, free of material misstatements, in accordance with the applicable Voluntary Criteria, and for the information contained therein.

The Management of BANCO FICOHSA NICARAGUA S.A. is responsible for the design, implementation, and maintenance of the internal control relevant to the preparation and presentation of the 2023 Environmental Footprint, ensuring it is free from material misstatement, whether due to fraud or error. It also ensures that the information is prepared in accordance with the methodologies shared by the World Footprint Network and the criteria established in ISO 14064-1:2018, and the accounting and reporting principles of the GHG Protocol.

Ficohsa’s Management is responsible for preventing and detecting fraud and for identifying and ensuring that Ficohsa complies with the laws and regulations applicable to its activities. Ficohsa Management is responsible for ensuring that the personnel involved in preparing the 2023 Environmental Footprint are properly trained, that systems are adequately updated, and that any changes that may be made cover all significant reporting activities.

Our Responsibilities

Our responsibility is to examine the information concerning the Environmental Footprint of BANCO FICOHSA NICARAGUA S.A.
and report on it in the form of an independent, limited assurance conclusion based on the evidence obtained. We conducted our work in accordance with International Standard on Assurance Engagements (ISAE) 3000, “Assurance Engagements Other than Audits or Reviews of Historical Financial Information,” issued by the International Auditing and Assurance Standards Board. This standard requires us to plan and perform our procedures to obtain a limited level of assurance regarding whether the Environmental Footprint is
prepared, in accordance with applicable Regulatory Criteria, for the period from January 1 to December 31, 2023.

The procedures selected depend on our judgment, including the assessment of risks of material misstatement in the Environmental Footprint due to fraud or error.

In performing these risk assessments, we considered the controls relevant to the preparation of the Environmental Footprint for the purpose of designing assurance procedures that are appropriate in the circumstances, but not for the purpose of expressing a conclusion regarding the effectiveness of Ficohsa’s internal control over the preparation of said document.

Our work also includes assessing the appropriateness of the Principal Subject Matter, the suitability of the criteria used by Ficohsa in preparing the Environmental Footprint under the circumstances of the engagement, assessing the appropriateness of the methods and procedures used in preparing the Environmental Footprint, and the reasonableness of the estimates made by BANCO FICOHSA NICARAGUA S.A., and evaluating the overall presentation of the Environmental Footprint. Limited assurance is less than absolute assurance.

As part of this work, we have not performed any procedures such as an audit, review, or exhaustive verification of the underlying records or other sources from which the Environmental Footprint was derived.

Characteristics and limitations of the information corresponding to Ficohsa’s Environmental Footprint

Scope:

The scope of the review covers the data reported by Ficohsa in Nicaragua corresponding to operations from January 1 to December 31, 2023.

Final values:

The final values verified are as follows:

Criteria

The criteria on which the Environmental Footprint has been assessed refer to the Voluntary Criteria.

Conclusion

Our conclusion has been formed based on and is subject to the details in this report. We believe that the evidence we have obtained provides a sufficient and adequate basis for our conclusion. In our opinion, the Environmental Footprint for the period from January 1 to December 31, 2023, of the Administration of BANCO FICOHSA NICARAGUA S.A., is prepared in accordance with the principles established in the GHG Protocol. Based on the information presented to Ficohsa, the corresponding adjustments were made to ensure the reliability of the information.

Restriction on the use of our report and others Our report should not be considered suitable for use or consideration by any party seeking to acquire rights against us other than Ficohsa’s Social Responsibility area, for any purpose or in any other context. Any party other than the Social Responsibility Department of BANCO FICOHSA NICARAGUA S.A. that accesses or relies on our report (or any part of it) does so at their own risk. To the extent permitted by law, we do not accept or assume any responsibility, and we disclaim any liability for our
work to any party other than Ficohsa, for this independent limited assurance report or for the conclusions we have reached.

Our report is issued to Ficohsa with the understanding that this report may not be copied, referenced, or disclosed in whole or in part without our prior written consent.

Finally, this report is not intended to provide, does not provide, and does not provide any certification to Ficohsa regarding ISO (International Organization for Standardization) 14064, 14040, 14044, or any other ISO-related standard.

VALORA SOSTENIBILIDAD E INNOVACIÓN S.A. DE CV.

Luis Miguel Villatela Riva
Legal Representative
Mexico City, December 16, 2024