Social & Environmental Risk Policies

In 2009, Ficohsa was the first bank in Honduras to develop and establish a social and environmental risk assessment policy, which seeks to evaluate the compliance of corporate and business clients with national legislation and international standards, according to their industry.

With the guidance and support of the International Finance Corporation (IFC), Ficohsa has steadily improved its risk assessment policies to the point that Ficohsa is now considered the best in class and a model for the rest of the banking industry in Central America?? 

Our social and environmental risk assessment policy has been approved for implementation by financial services regulators in Honduras, Panama, Guatemala and Nicaragua. 

To date, our social and environmental risk analysis has been applied to XX% of the total corporate and business accounts portfolio in these four markets.

International development banks perform annual audits and random visits to evaluate Ficohsa’s management of its social and environmental risk assessment. 

These third-party reports enable us to ensure that our financing supports projects that meet the highest standards for environmental and social risk mitigation. We will continue to fine-tune our policies and raise the bar for the entire financial industry in terms of environmental safeguards and social risk mitigation.