About this
Report
(GRI 2-1, 2-2, 2-3, 2-4)
Ficohsa Group (GF) submits its fifteenth (15th) sustainability report, covering the period from January 1, 2024 to December 31, 2024 (Fiscal Year 2024). This report seeks to clearly communicate the progress and results achieved in Economic, Environmental, Social (ESG) and corporate governance aspects.
This Sustainability Report 2024 considers the most relevant issues for FSG and its stakeholders, and reflects the work of all those who contribute to the implementation of business models, which includes sustainability among its strategic priorities.
The contents of the following report have been validated in the first instance by the Corporate Social Responsibility Committee and Senior Management, with the support of all the areas involved. In addition, there is external verification by an independent third party, such as the Honduran Foundation for Social Responsibility (FUNDAHRSE), who through the verification letter, has established the statement of concordance of the contents of this report with the international standardsof the Global Reporting Initiative (GRI).
Sustainability international standards
as a support to this report
Qualitative and quantitative data on non-financial performance are
presented, using the international standards of the Global Reporting
Initiative (GRI), with special emphasis on general contents related to
organization, activities, governance, strategy and interest groups.
The Sustainability Accounting Standards Board (SASB) is incorporated for the fifth consecutive year, for the following sectors: Commercial Banking, Consumer Finance, Asset Management Custody Activities, Mortgage Financing, Investment Banking, Brokerage and Insurance. This methodology responds to investor information requirements on ESG issues that a ect the financial stability of the company.
Major contributions to the UN Sustainable Development Goals of the 2030 Agenda are reported.
The commitment to the Un Global Compact Principles, which Ficohsa Honduras has been a signatory since 2018, is maintained. For the presentation of this report, new updates to the Communication on
Progress (COP) were adopted.
How to read the contents of this report?
The contents of the GRI Standards and SASB metrics are referenced at the beginning of each section and below the headings.
In the annexes´ section of this report you will find a list of GRI and SASB standards, as well as theSDGs and Global Pact Principles.
Who are
We?
Ficohsa Group began its entrepreneurial career in 1963 in the wood industry, focusing on the import of wood and its derivatives. It always accompanied its entrepreneurial e orts with a strong social
commitment, especially in education, an element that would mark the history of the Group in a particular way.
In 1994 Ficohsa Bank was founded, thus beginning its incursion into the financial world. During the first decade, the Group’s efforts focused on Honduras and diversified its activities, entering the insurance sector and creating the Ficohsa Foundation.
In 2011 a new phase of expansion began in Central America, covering the banking and insurance business. This expansion led us to cross borders, and today we have operations in Honduras, Guatemala, Nicaragua, Panama, El Salvador and the United States.
International
Presence
Awards and
Recognitions 2024
Socially Responsible Enterprise 2024
18 consecutive years recognized by FUNDAHRSE as a socially responsible company.
Recognition for good recycling practices
FUNDEMAS recognized Asesuisa for good recycling practices that contribute to sustainability.
Safe Mobility Award- Road Mobility
The International Automotive Federation (FIA), at the Americas Awards 2024, highlighted
Ficohsa Insurance’s commitment through road safety and education campaigns.
Global Brand Frontier Awards 2024.
Excellence in Corporate Social Responsibility – Honduras, 2024.
Anáhuac Award for Social Responsibility 2024.
This award recognizes the positive impact of the “De Mi Tierra” program on sustainable development and community well-being.
Award for social commitment and business development.
Ficohsa Bank was recognized for the distinction in social responsibility and support to local business growth. In the II edition of recognitions to the commercial and business sector of Olanchito, Yoro-Honduras.
Recognition of Institutional Reputation
The Merco Ranking recognized Ficohsa Group as the company with the best global reputation in Honduras, highlighting it as a benchmark in the banking sector.
Recognition of Business Leader
The Merco Ranking gave Camilo Atala recognition as the second most reputable business leader in Honduras.
Forbes Magazine
In its issue #116 it positioned Asesuisa as the company with the best reputation in El Salvador.
Strategy & Business Magazine
Recognition for Ficohsa Insurance as #1 brand in the insurance category in Honduras and Top 10 in Central America.
Economy & Business Magazine
In the Lovemarks category, the magazine recognized Asesuisa as a preferred brand in the insurance market, according to its issue #297.
Summa Magazine
Highlighted Enzo Bizzarro, CEO of Asesuisa, as one of the leading insurance experts, in its issue #367.
The European’s Global Sustainability & ESG Awards.
Best Sustainable Corporate Governance 2024.
Euromoney Awards for Excellence 2024.
The best bank in Honduras.
Global Business Magazine Awards.
-Most Innovative Digital Bank Honduras 2024
-Best Socially Responsible Bank Honduras 2024
-Best CSR Bank Honduras 2024
-Best Sustainable Environmental Bank Honduras 2024
World Economic Magazine Awards 2024.
-Best Digital Bank of Honduras 2024
-Best Banking Group of Honduras 2024
Global Finance.
The Best Bank in Honduras for 2024.
AA Fitch Ratings.
Awarded the AA rating to Ficohsa Insurance, a recognition that guarantees strength and commitment to excellence.
The Global Excellence Chronicle Magazine 2024.
Best CSR Programs Bank Honduras 2024.
Global Banking and Finance.
The Next 100 Global Awards 2024.
Summa Magazine
Asesuisa highlighted among the most diverse, inclusive and equitable companies in El Salvador, recognition published in its issue #360.