Credicorp : 2024 Annex SMV Sustainability Report

Published: 2025-02-28 05:44:30 ET BAP

D. Superintendent's Resolution 018-2020-SMV/02

CORPORATE SUSTAINABILITY REPORT (10180)

Name:

Credicorp Ltd.

Fiscal year:

Web Page:

Name or company name of the reviewing firm:1

RPJ

2024

https://credicorp.gcs-web.com/

No external audit

B60051

1 It is only applicable in the event that the information contained in this report has been reviewed by a specialized company (e.g. audit firm or consulting firm).

Datos elaborados por Grupo Crédito para uso interno

I. ENVIRONMENT AND CLIMATE CHANGE

Environmental Policy:

Question 1

Yes

Explanation:

We have an

Environmental

Policy at Credicorp,

which establishes

the framework for

planning and

implementing

actions for the

continuous

improvement of

environmental

performance and the

management of

direct and indirect

impacts in the

operations of our

subsidiaries,

including the

Does the company have an environmental policy or management system

reduction of our

operational carbon

that includes environmental commitments?

footprint.

Additionally, we

have other

complementary

policies relevant to

environmental

issues:

- Credicorp

Sustainability Policy

(2022)

- Credicorp

Corporate Policy on

Responsible and

Sustainable

Investments (2022)

- BCP Internal Credit

Policy on ESG Risks

(2023)

Name of the document

Date of approval

Year of

implementation

Credicorp Environmental Policy

4/11/2024

2021

b. If the answer to question 1 is yes, please specify:

Yes

Explanation:

The policy was

approved in the

Has such environmental policy or management system been approved by

Board of Directors

meeting on

the Board of Directors?

November 25, 2021,

and was recently

updated on

November 4, 2024.

Datos elaborados por Grupo Crédito para uso interno

At the operational

level, environmental

issues have been

incorporated in the

Has this environmental policy or management

system

included risk

ESG risk integration

initiative within the

management, identification and measurement

of the

environmental

risk management

impacts of your operations related to climate change (*)?

framework and in

the reduction of the

environmental

impact of our

operations.

We generate a

Sustainability

Report, which shows

the results of our

environmental

management. This

document is

reviewed by the

Board and approved

by the General

Shareholders'

Meeting.

Additionally, we

Does the company have an annual report evaluating the results of its

publish a report

within the framework

environmental policy, which has been brought to the attention of the Board

of the Task Force for

of Directors?

Climate-related

Financial

Disclosures (TCFD).

In this report, we

provide detailed

information on the

most relevant topics

relative to our

governance and

climate change

management; this

report is approved

by the Board's

Sustainability

Committee.

(*)It is expected that the company will consider, in the management related to climate change, the "physical" aspects (floods, landslides, droughts, desertification, etc.) and/or the aspects of "transition" to a new low-carbon economy (use of new technologies, decarbonization of investment portfolios, etc.).

Question 2

Yes

Explanation:

In 2024, Credicorp

was not named in

any investigation,

community

During the fiscal year, has the company been subject to any investigation,

complaint, or public

controversy; it was

community complaint, public controversy or been imposed any corrective

also not the object of

measure, precautionary measure, fine or other sanction involving the

corrective or

cautionary

violation of environmental regulations by it? (*)

measures; fines; or

any sanctions for

any other violation of

environmental

norms.

(*)It is expected that the company will consider in this point those investigations, community complaints, public controversies or corrective measures, precautionary measures, fines or other sanctions, which are linked to impacts of a material nature. In accordance with the definition of the Global Reporting Initiative, material aspects are understood as those aspects that reflect significant economic, environmental and social impacts of the organization or substantially influence the assessments and decisions of stakeholders.

Datos elaborados por Grupo Crédito para uso interno

Investigation, community complaint, public controversy corrective

action, precautionary measure, fine or other sanction

Status or situation

Investigation, community complaint, public controversy corrective

action, precautionary measure, fine or other sanction

Status or situation

Greenhouse Gas Emissions (GHG):

Question 3

Yes

Explanation:

The 2024 GHG measurement

for Credicorp includes the

main subsidiaries of the

group: BCP, Mibanco, Prima

AFP, Pacífico Seguros,

Credicorp Capital, Mibanco

Colombia and BCP Bolivia

and covers emissions under

scope 1, scope 2 and

emissions relative to material

categories under scope 3,

except for portfolio emissions.

Prior to 2022, measurements

Does the company measure its GHG emissions (*)?

were more limited in scope

because they did not cover all

the main subsidiaries (in

previous years, BCP Bolivia

and Mibanco Colombia were

not measured and Pacifico

Seguros was only partially

measured); as such, past

figures are not comparable

with current metrics. The

increase in emissions in 2023

was associated with an

increase in thermal

generation via the national

Datos elaborados por Grupo Crédito para uso interno

inter-connected electricity system and an uptick in movements between locations and business trips.

(*)Greenhouse Gases (GHG): Gases in the atmosphere, of natural or human origin, capable of trapping the sun's energy in the atmosphere, causing it to heat up (Law No. 30754, Framework Law on Climate Change, or regulation that replaces or modifies it).

If the answer to question 3 is yes, please specify:

Name of the document

Information required

If the company has a certification, report from a third party

Yes, Credicorp's GHG measurement is

evidencing the measurement of total GHG emissions (*), indicate its

audited by an independent third party. The

name, date of issue and whether it is in force at the end of the fiscal

declaration of the Carbon Footprint for 2024

will be published in 2025.

year.

If the company has an internally developed platform, tool or

standard for measuring total GHG emissions (*), indicate the name

No, the measurement of the greenhouse gas

of the platform, its implementation date and, if applicable, the last

inventory is outsourced.

update.

(*)The total GHG emissions generated by a company are referred to as corporate carbon footprint.

Total GHG Emissions (MT CO2e)

Fiscal year

Scope 1 (*)

Scope 2 (**)

Scope 3 (***)

2022

2,065.28

16,078.63

25,322.31

2023

2,322.56

16,859.96

25,714.73

2024

5,040.84

12,860.62

27,590.13

Question 4

Yes No

Explanation:

Datos elaborados por Grupo Crédito para uso interno

Does the company have objectives or targets to reduce GHG emissions?

Credicorp is committed to reducing its net greenhouse emissions 10% a year at its own operations (not includingportfolio emissions), using 2022 as the base year and 2023 as the target year for

carbon neutrality . This objective is to contribute to the global goal of limiting theincrease in temperature to 1.5°C above pre-industrial levels.

Name of the document

Date of approval

Year of implementation

Credicorp Environmental Policy

4/11/2024

2021

b. If the answer to question 4 is yes, please specify:

Yes

Explanation:

The policy was approved at

Have these reduction objectives or targets been approved by the

the Board session held on

November 25, 2021 and was

Board of Directors?

recently updated on

November 04, 2024.

Water:

Question 5

Yes

Explanation:

The measurement of

Credicorp's water

consumption includes the

group's main subsidiaries:

BCP, Mibanco, Prima AFP,

Pacífico Seguros, Credicorp

Capital, Mibanco Colombia

and BCP Bolivia. Prior to

2022, the scope of

Does the company measure its water consumption (in m3) in all its

measurements was more

limited given that not all the

activities?

main subsidiaries were

covered (in previous years,

neither BCP Bolivia or

Mibanco Colombia were

included and only partial

measurements were

conducted for Pacífico

Seguros); as such, the

current metrics are not

comparable.

If the answer to question 5 is yes, please provide the following information for the last three (3) fiscal years:

Datos elaborados por Grupo Crédito para uso interno

Fiscal year

Total Water Consumption (m3)

2022

632,801

2023

653,847

2024

523,393

Question 6

Yes

Explanation:

Credicorp's Carbon Footprint

Measurement only calculates

direct water consumption

(extraction), which is billed

Does the company measure its water footprint (*)?

through the Water Supply

Service (Empresa

Prestadora de Servicios). As

a financial institution, we do

not engage in productive

processes that require

intensive water use.

(*)Water Footprint: Indicator that defines the total volume of water used and impacts caused by the production of goods and services. Direct and indirect water consumption is considered throughout the production process, including the different stages in the supply chain ("Rule that Promotes the Measurement and Voluntary Reduction of the Water Footprint and Shared Value in Watersheds" - Chief Executive Resolution No. 023-2020-ANA, or rule that replaces or modifies it).

If the answer to question 6 is yes, please specify:

Water footprint measurement

Information required

If the company has a certification, report from a third party

evidencing the measurement of its water footprint, indicate its name,

date of issue and whether it is in force at the end of the fiscal year.

If the company has an internally developed platform, tool or standard

for measuring its water footprint, indicate its name, its

implementation date and, if applicable, the last update.

Question 7

Yes

Explanation:

Credicorp's subsidiaries use

efficient technologies that

Does the company have objectives or goals to reduce its water

contribute to responsible use

of water at its branches and

consumption?

offices. Additionally, some HC

reduction initiatives include

measurements of efficient

water consumption.

Name of the document

Date of approval

Year of implementation

Datos elaborados por Grupo Crédito para uso interno

b. If the answer to question 7 is yes, please specify:

Yes

Explanation:

Have these reduction objectives or targets been approved by the

Board of Directors?

Question 8

Yes

Explanation:

Credicorp and its subsidiaries

receive water supplies from

water supply services and

Does the company control the quality of its effluents (*)?

discharge effluents through

the sewage systems run by

said services.

(*)Effluent: Direct discharge of wastewater into the environment, whose concentration of pollutants must comply with the Maximum Permissible Limits (MPL) ruled by Peruvian law. Wastewater refers to those whose characteristics have been modified by anthropogenic activities, require prior treatment and can be discharged into a natural body of water or be reused (Glossary of Terms for Peruvian Environmental Management, General Directorate of Environmental Management Policies, Standards and Instruments, 2012, Ministry of Environment - MINAM).

If the answer to question 8 is yes, indicate the name of the document that evidences the effluent control:

Name of the document

Energy:

Question 9

Yes

Explanation:

The 2024 measurement of

energy consumption at

Credicorp included the

group's main subsidiaries

BCP, Mibanco, Prima AFP,

Pacífico Seguros, Credicorp

Capital, Mibanco Colombia

and BCP Bolivia. Prior to

2022, measurements were

Does the company measure its energy consumption (in kWh)?

more limited in scope

because not all the main

subsidiaries were included (in

previous years, neither BCP

Bolivia not Mibanco Colombia

were measured and only

partial measurements were

conducted at Pacífico

Seguros); as such, the

figures are not comparable

with current metrics.

If the answer to question 9 is yes, please provide the following information for the last three (3) fiscal years:

Datos elaborados por Grupo Crédito para uso interno

Fiscal year

Total Energy Consumption (kWh)

2022

78,355,110

2023

72,566,770

2024

72,897,320

Question 10

Yes

Explanation:

In 2022, the subsidiaries

began developing their

Environmental Management

Plans; one of the thematic

axes is energy consumption.

Does the company have objectives or goals to reduce its energy

Although no specific target

has been set for energy

consumption?

consumption, many of the LC

reduction initiatives to reduce

our HC consumption focus on

energy efficiency and

renewable energy. For more

details, please review our

Sustainability Report.

Name of the document

Date of approval

Year of implementation

b. If the answer to question 10 is yes, please specify:

Yes No

Explanation:

Have these reduction objectives or targets been approved by the

Board of Directors?

Question 11

Yes No

Explanation:

Datos elaborados por Grupo Crédito para uso interno

Does the company measure the solid waste it generates (in tons)?

The 2024 measurement of Credicorp's solid wastes includes the group's main subsidiaries: BCP, Mibanco, Prima AFP, Pacífico Seguros,Credicorp Capital, Mibanco Colombia and BCP Bolivia. Prior to 2022, measurementswere more limited in scope because not all the main

subsidiaries were included (inprevious years, neither BCP Bolivia not Mibanco Colombiawere measured and only partial measurements were conducted at Pacífico Seguros); as such, the figures are not comparable with current metrics.

If the answer to question 11 is yes, please provide the following information for the last three fiscal years:

Fiscal year

Hazardous solid

Non-hazardous solid

Total solid waste

waste (MT) (*)

waste (MT)(**)

'(MT)

2022

1,367.53

2023

1,157.14

2024

1.02

1,072.20

1,073.22

Question 12

Yes

Explanation:

Credicorp and its subsidiaries

measure and manage their

solid wastes mainly at

branches and offices to

prevent inadequate disposal.

Nevertheless, to date, no

Does the company have objectives or goals to manage (reduce,

reduction targets or goals

have been set. Some of the

recycle or reuse) its solid waste?

HC initiatives include

measures to reduce solid

waste generation, such as

digitalizing documents and

reducing paper consumption.

For more details, consult the

Sustainability Report.

Name of the document

Date of approval

Year of implementation

Datos elaborados por Grupo Crédito para uso interno

Disclaimer

Credicorp Ltd. published this content on February 27, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 28, 2025 at 10:43:11.585.