Risk Management
The Board of Directors is responsible for ensuring an adequate environment for risk management, as well as for fostering an internal environment that facilitates its development. In addition, it is responsable for overseeing the implementation of the relevant prevention, control and response activities, always supported by the regional Risk Committee, as well as by the country’s local committees. Senior Management is responsible for planning and monitoring risks through specialized teams by subsidiary
and country.
FG has a regional Risk Committee and local committees by country
Sustainability Strategy
In Ficohsa Group we promote sustainable development so that together we go far, we transform ourselves every day to respond to the economic, environmental, and social challenges to which we are exposed as a sector, working with the global agenda framed in the Sustainable Development Goals and the principles of the UN Global Compact.
FG adopted its 2023-2028 sustainability model, consisting of four pillars of action and an additional one for each business unit.
During this year we strengthened our sustainability strategy with the purpose of focusing on the criteria of Environment, Society, Governance
(ESG), and economical, aligning the execution of internal activities with the
purpose of positively impacting our environment with sustainable practices from our operations, through responsible and transparent decision making.
For Ficohsa sustainability is framed in its corporate purpose to facilitate
solutions that transform lives, which represents a collective commitment to generate value to stakeholders so that through its products and services they can materialize their dreams, goals and objectives. Beyond financial alternatives, it is a step forward to accompany them in their daily lives with comprehensive solutions to their needs.
Contributing to the Sustainable Development Goals (SDGs) through sustainable projects
- 6,780 collaborators at the regional level
- 2,198 new collaborators joined the Ficohsa family in 2023
- 58% of collaboratorss are women and 42% men
- 507 women hold leadership positions
- 229 women in science, technology, engineering, and mathematics (STEM) positions
- +157,000 children benefited from 2000 to date from preschool education in
Honduras, Nicaragua, Guatemala, and Panama - 151 preschool centers supported to date at the regional level
- +300 teachers trained to date
- + 10,000 young people benefited from elementary education in Honduras
through the Alliance for Education with USAID/ Ministry of Education - 220 young people sponsored to date through HONDUFUTURO scholarships for postgraduate studies at universities abroad
- + 835,000 indirect beneficiary families at the regional level
- The financial inclusion of 60,000 people through TENGO was achieved in
2023, representing 8 million digital transactions, as part of the commitment
to the alliance with Partnership for Central America (PCA) - +3,290 bank-backed youth to date from vulnerable areas of Honduras through the partnership with Glasswing Honduras/Young Impact Leaders for Central America program
- +10 millon people reached with the Your Financial Awareness program at
the regional level - + 190 clients reached with the regional financial education program
- +USD $7.8 million sin agricultural financing to date
+2,700 ccredits granted to date in 11 departments of HN, benefiting +100
communities for the production of +40 products - +33.6 6 millions in purchases to date by Supermarkets La Colonia to producers of the program
- 84million pounds of products marketed to date
- +14% participation of women in the program
- 3,000 women users registered on the Women Forward platform to date
- +550 spaces generated in different entrepeneurship fairs
- +15% new femake customers for Entrepreneurial Banking
- 94% dparticipated in at least 1 volunteer activity by Ficohsa collaborators
- + 11,000 hours of corporate volunteering invested regionally in social
projects in the communities where Ficohsa operates - +1,000 collaborators at the regional level joined "A Day to Give" donating basic staple food and cash supporting vulnerable families, an activity promoted annually
- +70,500 trees planted to date in the region in different reforestation days
- +1,450 cases analyzed through the Environmental and Social Risk Analysis System (ESRAS) during 2023
- +USD $229.2 millions disbursed to date for green financing of 15 renewable energy projects (solar, wind, hydro, biomass) The main buildings in Honduras, Nicaragua, and Panama, in addition to 11 agencies work with solar panel power (5,499 mt2 of solar
panels) - 549,600 kg C02 C02 is not generated annually by producing solar energy, with the production of 1,200,000 megawatt hours
- 98% of collaborators at the regional level have been trained in 2023 in Corruption and Bribery
- 100% Compliance with the activities in the training and awareness plan of the Anti-corruption snd
Bribery Management System (ABMS) - +170 reports received and attended to in a timely manner during 2023 through the reporting
channel; the system is operated by a third party, an independent specialist in the management of
reports called EthicsGlobal