Report on Climate-Related Risks and Opportunities

This document is a report on climate-related risks and opportunities prepared by Grupo Financiero Banorte in accordance with the Task Force on Climate-related Financial Disclosures (TCFD) framework. It outlines the company's efforts in 2024 to incorporate climate change into their risk management strategy, emphasizing the importance of assessing and disclosing climate-related risks. The report details the governance structure, including various committees and teams responsible for sustainability initiatives. It presents a comprehensive analysis of physical and transition risks, highlighting the impact of climate change on the financial sector and the economy. The report also discusses the identification of climate-related opportunities, such as sustainable investments and innovative financial products. Furthermore, it describes the processes for managing climate risks, including the development of decarbonization policies and the establishment of metrics for tracking progress. The document aims to provide transparency to stakeholders regarding the company's climate strategy and its commitment to sustainability.