According to the IPCC (Intergovernmental Panel on Climate Change), the speed at which the climate is changing threatens to exceed the current adaptation capacity of humans, plants, and animals. These experts point out that if global warming reaches 1.5°C, extreme heat would exceed tolerance thresholds, with devastating effects on the planet and human health, more frequently.
To promote global awareness and action in favor of environmental protection, the United Nations established June 5th as World Environment Day. On this occasion, Afore SURA, which works caring for the planet with a commitment to creating a wellness environment and generating competitive returns that endure over time, shares its sustainability initiatives:
Sustainability Strategy
- Sustainable Investment Policy: Afore SURA establishes its vision and commitment to integrating sustainability into its investment portfolio management by actively holding investments to maximize their long-term value, including the value of economic, social, and environmental assets.
- Sustainability in Business: The company understands sustainability as a set of ongoing actions to build long-term trust relationships with stakeholders, addressing it from various fronts such as resource care, capacity development, and institutional strengthening.
Global Initiatives and Commitments
- Global Compact: Since 2012, SURA Asset Management has been part of the United Nations Global Compact, the world's largest corporate initiative. This membership demonstrates a commitment to align strategies and operations with the 10 Universal Principles and the Sustainable Development Goals (SDGs).
- Science-Based Targets Initiative (SBTI): In 2023, Afore SURA became the first pension fund in Latin America to commit to defining and validating its climate goals with the SBTI initiative, to ensure that the transition of its investment portfolio aligns with scientific knowledge.
- Principles for Responsible Investment (PRI): Afore SURA has been a signatory of these principles since 2020, a commitment that publicly affirms its dedication to improving the social and environmental impacts of the companies it invests in, thereby contributing to building a better environment.
- Other Initiatives: Afore SURA also collaborates with internationally recognized initiatives and actors, such as Climate Action 100+, which aims to encourage the companies with the highest greenhouse gas (GHG) emissions to take action against climate change, and the ESG Data Convergence Initiative, which seeks to expand the availability of ESG metrics in the realm of private capital and investments.
Some Awards Granted to SURA
- Dow Jones Sustainability Index: Grupo SURA has been recognized for 12 consecutive years in the Dow Jones Sustainability Index, a distinction that highlights the company's commitment to adopting best practices in sustainability across social, environmental, and economic dimensions.
- Socially Responsible Company (ESR): Afore SURA has received this distinction for 19 consecutive years, awarded annually by the Mexican Center for Philanthropy (Cemefi) to companies that have committed to integrating social responsibility as a key aspect of their business.
“For Afore SURA, the commitment to sustainable development is a transversal element in our business strategy. Through processes related to investment management and the adoption of best practices in Environmental, Social, and Governance (ESG) areas, we aim to contribute to the planet's sustainability and manage risks associated with climate change,” said Alejandro Bújanos, Head of Sustainable Investment at Afore SURA.
Afore SURA, which helps people achieve better pensions and act today to achieve it, is committed to sustainable development to achieve a better future for all. For more information on its sustainability strategy, visit the website: https://afore.suramexico.com/afore/sostenibilidad/
