In 2023, Grupo Financiero Banorte conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 1,614a | 723a | 1,705a | |
Total Waste Recovered | 1,138a | 391a | 509a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, Grupo Financiero Banorte generated a total of 1,614metric tonnes of waste.a
Of this amount, 70.51% of Grupo Financiero Banorte's total waste generated was recovered through methods such as recycling, reuse, or composting, while 29.43% was disposed of through landfilling, incineration, or combustion.a
In 2023, Grupo Financiero Banorte reported a total waste generation of 1,614 metric tonnes, of which 70.51% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Grupo Financiero Banorte is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2021, Grupo Financiero Banorte's total waste generation decreased by 5.34%, yet rose by 123.24% in 2023, potentially indicating a temporary operational shift or inconsistency in waste management outcomes.a
Over the same period, Grupo Financiero Banorte's waste recovery rate increased by 136.18%, including a 30.38% rise in 2023, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal.a
Overall, Grupo Financiero Banorte has reduced its waste footprint over time and continues to strengthen its recovery efforts, despite a recent uptick in waste output. This may reflect short-term operational shifts rather than a long-term reversal.