Grupo Financiero Ficohsa Shows Major Advances in Sustainable Practices

  • More than 9,000 children benefited from Ficohsa Foundation’s activities in the region last year, 9% more than in 2015.
  • In 2016, the group invested more than USD 1.6 million in social investment projects.

TEGUCIGALPA, Honduras--()--Grupo Financiero Ficohsa (GFF), one of the first financial service organizations in Central America to publish a sustainability report, today released its 2016 edition, demonstrating significant advances in its sustainable practices.

“In holding ourselves accountable to measurable goals that impact people, profit and planet, we demonstrate our commitment to continuous improvement, a key ingredient of our DNA,” said Camilo Atala, Grupo Financiero Ficohsa’s CEO. “Through sustainable practices, we strive to become change agents that will drive development in our region.”

Key highlights of Grupo Ficohsa’s 2016 Sustainability Report:

Our Company

  • 5,951 full-time employees in the five countries where we operate (Honduras, Guatemala, Nicaragua, Panama and U.S.)
  • 4,230 service points in Honduras, representing a 27% increase from the previous year
  • 207,148 visits to the financial education portal; 25% more than in 2015

Our People

  • Recognized by the Great Place to Work Institute, as one of the best places to work in Central America and the Caribbean
  • 300,736 hours of training
  • 658 training events

Our Planet

  • Investment in the Mi Tierra Project: US$ 600,000, benefiting 150 agricultural producers in 8 departments in Honduras
  • 2,340 trees planted in the region

Our Community

  • Fundación Ficohsa for Children’s Education – Region
    • 9,323 children served
    • 148 preschool centers
  • Fundación Ficohsa for Children’s Education – Honduras
    • US$ 235,000 invested in school lunches for 140 preschool centers
    • US$ 120,000 in donations from Supermercados La Colonia customers
  • Corporate Volunteer Program
    • More than 115,000 volunteer hours
    • 72% participation rate
    • Total collected by Matching Fund: US$ 15,900,000

GFF’s Sustainability Report, which is now in its eighth edition, was developed in accordance with the Global Reporting Initiative (GRI) reporting standards and was verified by Honduras’ Foundation for Social Responsibility (FUNDAHRSE), which is part of GRI’s Gold community. GFF’s sustainability goals are also aligned to the United Nation’s Global Compact (UNGC) and this report serves as an internal measure of GFF’s progress against the UNGC’s Ten Principles.

GFF’s 2016 report also includes the results and conclusions from a Social Dialogue, which encompasses the expectations and perceptions of different audiences, particularly as they relate to customer service.

"In a world where transparency and sustainability are key differentiating factors for financial organizations, we firmly believe that Grupo Financiero Ficohsa has been doing the right thing ethically, and we encourage them to continue in that process and continue to strengthen it as an example worthy of imitation," said Eugenio Sánchez, Consultant at FUNDAHRSE.

Learn more about Grupo Financiero Ficohsa’s 2016 Sustainability Report at: http://www.ficohsasustentabilidad.org/

About Grupo Financiero Ficohsa Grupo Financiero Ficohsa (GFF) is a regional financial services group of Honduran capital, headquartered in Panama. It is comprised of nine companies carrying the same Brand name: Banco Ficohsa Guatemala, Banco Ficohsa Honduras, Banco Ficohsa Nicaragua and Banco Ficohsa Panamá; Ficohsa Seguros, Ficohsa Casa de Bolsa, Ficohsa Tarjetas de Crédito, Ficohsa Pensiones and Ficohsa Casa de Cambio. GFF is the largest financial group in Honduras and Ficohsa is one of the most important brands in the Central American region. It has more than 6,600 employees and has been recognized by Great Place to Work®, and as a leader in Corporate Social Responsibility, both locally and internationally, by institutions like "FUNDAHRSE" and "CEMEFI".

Contacts

For Grupo Financiero Ficohsa
Andrés Ávila, +1-305-532-7950 ext. 241
andres.avila@newlink-group.com

Contacts

For Grupo Financiero Ficohsa
Andrés Ávila, +1-305-532-7950 ext. 241
andres.avila@newlink-group.com