What We Are Doing

Collaborating

Actively collaborating for the economic and social development of Panama through advisory offered by the Bank´s departments.

Educating

Educating investors, companies, and employees about responsible investments.

Integrating

Incorporating environmental and social risks into the evaluation, management, and monitoring of our investment and loan portfolio.

Being Transparent

Providing involved parties with updated and readily available information about the impact that is created.

Our Sustainability Strategy

MMG Bank´s sustainability strategy contributes to the social and economic development of Panama, and is aligned with the Sustainable Development Goals, 17 development challenges proposed by the United Nations and taken on by more than 193 nations in the year 2015.

Nuestra Estrategia de Sostenibilidad

Environmental: initiatives that mitigate or adapt to climate change and benefit the environment.

Social: initiatives that support social development and have a positive impact on individuals.

Governance: initiatives that observe the quality of management, norms, procedures, and culture of an organization.

MMG Bank´s sustainability strategy contributes to the social and economic development of Panama, and is aligned with the Sustainable Development Goals, 17 development challenges proposed by the United Nations and taken on by more than 193 nations in the year 2015.

Our Initiatives

MMG Bank firmly believes all companies have a fundamental role in achieving the SDG. For this reason, it conducts several initiatives that are related to the nature of its business and that contribute to the following goals on the axes of ESG.

Sustainable finances:

  • First green bond issuance in Panama.
  • Issuance of the first green bond certified by Climate Bonds Initiative (CBI) in Central America.
  • First sustainable bond issuance in Panama.

LEED Gold certified office building:

  • High efficiency LED and fluorescent lighting.
  • State of the art occupancy sensors and lighting controls.
  • High efficiency air conditioning system.
  • Reflective cover and landscaped roof.

Our Environmental Indicators:

Sustainable Finance Month:

  • In October of 2020, MMG Bank launches the first yearly Sustainable Finance Month to showcase opportunities for companies and investors to have a positive impact on the environment and social development through the capital markets.

Investor Education Program:

  • Financial literacy is an essential part of our sustainability strategy through both recurring participation in Investor Education Programs with strategic partners, and as a key pillar of our digital communication strategy.

Responsible Citizenship and Human Rights Program:

  • Our Responsible Citizenship and Human Rights Program aims to promote the development of youth with integrity through the awareness of their self esteem, personal dignity and responsibilities, as well as training to become respectful, participants and selfless citizens who know their rights, assume their duties, and develop civic habits so they can exercise citizenship effectively and responsibly.
  • We have reached more than 12 thousand young adults through workshops, community projects, and complementary activities since 2014.

The program has received the following recognitions:

  • Good Corporate Citizen recognition by Amcham Panama in 2014.
  • II Ibero-American Award for Human Rights Education by OIE in 2017.
  • Selected as a good practice to promote a coexisting culture for sustainable development by UNESCO in 2019.

Women in Leadership Program.

  • The program Elevating Women in Leadership is a transformative leadership program designed by Lee Hecht Harrison exclusively focused on aligning, connecting and elevating the impact of women in the workplace.
  • In the program, established and emerging women leaders explore new ways to extend their influence,  gain confidence, develop resilience and balance, as well as develop competencies found in women in leadership position who have excelled in organization, including having a success mindset, projecting self confidence and presence, networking strategically, communicating assertively and defining a personal vision.

Adherence to the Gender Parity Initiative.

Alliances:


     

Corporate Wellness Program:

  • Our organization´s strategic priority is the continuous pursuit of benefits and opportunities that have a direct impact on the quality of life of our employees and their families. Our corporate wellness program is one of the most robust programs in the Panamanian labor market with a benefit package that includes: initiatives for education of employees and their children, transportation, physical and mental health services, financial assistance, and programs that promote a work-life balance.

Whistleblower system to promote transparency and fairness in the workplace.

  • Access our whistleblower system here

Fundamorgan is the executing entity of the communitarian programs of our sustainability strategy, including volunteering efforts that transcend the different SDGs.

Learn more about Fundamorgan and MMG Bank´s volunteering efforts here

The Road to Responsible Banking
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