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Sustainability SUSTAINABILITY REPORT 2014 BMV GRUPO 2014 CONTENT Letter from the CEO and the Chairman of the Board 4 Organizations profile and Sustainability Statement 6 Economic Results 13 Main initiatives in sustainability 17 Relation with stakeholders 22 1. Clients 25 2. Suppliers 27 3. Investors 27 4. Group´s collaborators 29 5. Government and regulatory framework. 38 6. Society and environment 40 7. Summary of GRI Content 57 SUSTAINABILITY REPORT 2 INTRODUCTION In this report Grupo Bolsa Mexicana de Valores presents the advances ,during 2014, in the field of sustainability of each of the companies in the group. We recognize the importance of keeping our stakeholders informed on the internal activities and projects that promote the adoption of new corporate governance practices and the relevant actions within the social context and environment. The BMV Group, composed by financial services companies, identifies that the main environmental impacts of the group are in the use of paper, water and electricity. For the preparation of this report, it was used as a reference the methodology of the Global Reporting Initiative (GRI), version 4, which responds to current trends and is the internationally most widespread method for business social responsibility reports (Responsabilidad Social Empresarial, RSE). This report is published annually and is available on the page www.bmv.com.mx Ramón Güémez Sarre [email protected] T: +52 (55) 5342.9000 3 SUSTAINABILITY REPORT BMV GRUPO 2014 Jaime Ruiz Sacristán LETTER FROM THE CHAIRMAN OF THE BOARD Today, we know that investors make decisions by evaluating other aspects beyond credit quality, where responsibility, social and environmental, incurred by corporates is a key value to consider. In this context and taking into account that stock exchanges play an important role in the economic and financial development, we recognize the BMV Group is in a unique position to promote a culture of sustainability and corporate responsibility to ensure the economic growth and long-term business that will raise the level of investment practices. In the global financial sector in order to encourage responsible investment approaches and corporate transparency, various initiatives have emerged as Sustainable Stock Exchanges (SSE) of the United Nations. To the respect I am pleased to report that the Mexican Stock Exchange is integrated in this initiative to strengthen our strategy and commitment to sustainability, aligned with best market practices. Another effort at the global level, where the BMV Group confirms its firm commitment, is the Global Compact of the United Nations; which establish a platform for dialogue and learning in the field and provides a practical framework for organizations committed to sustainability and responsible corporate practices, framed in the ten principles universally accepted, which are grouped into Human Rights Standards, Labor, Environment and Anti- Corruption. SUSTAINABILITY REPORT 4 José-Oriol Bosch Par LETTER FROM THE CEO The role of the BMV Group within the national financial system is of great importance as a mean of financing for Mexican corporations looking to grow and strengthen its operations, generating employment, economic growth and social welfare. Moreover, with the recent structural reforms and particularly the energy reform, there are new opportunities for the group to develop innovative investment vehicles to meet the new needs of the sector. We consider it important to promote activities that provide efficiency in the internal processes and are focused on improving products and services that the market demands. In this sense, BMV Group, has worked to develop the sustainability strategy of the group in proximity to interest groups; we emphasize, that together with our authorities, launched a program to facilitate the listing of new companies on the Stock Exchange, we promoted the trading culture with events such as the award of financial markets and the entrepreneurial student. Also, we have launched a campaign to spread the code of ethics and conduct within the BMV Group employees through the “Group BMV, a group with values” program. Similarly, from the Mexican Carbon Platform, MEXICO2, we continue to promote the development of environmental markets promoting with corporations the neutralizing of greenhouse gases emissions (GGE). Finally, I would like to point that the Mexican Stock Exchange continued to be of the sample of corporations that make up the Sustainable Index, a fact that fills us with satisfaction and pride while committing us to continue working and strengthening our sustainability strategy with all companies and employees of the BMV Group; supporting actions to promote a culture of corporate responsibility, social and environmental, in the Mexican financial market. 5 SUSTAINABILITY REPORT PROFILE OF THE ORGANIZATION BMV GRUPO 2014 PROFILE OF THE ORGANIZATION BMV Group Companies BMV - Bolsa Mexicana de Valores, S.A.B. de C.V. MexDer - Mercado Mexicano de Derivados, S.A. de C.V. SIF ICAP, S.A. de C.V. – Empresa de Corretaje resultado de una coinversión entre la BMV y ICAP Latin America Holdings, B.V. CCV - Contraparte Central de Valores de México, S.A. de C.V. ASIGNA - Asigna Compensación y Liquidación. S.D. Indeval - Institución para el Depósito de Valores, S.A. de C.V. Valmer - Valuación Operativa y Referencias de Mercado, S.A. de C.V. BMV Group Customers Banks. Brokerage firms. Pension Funds, Investment Funds and insurance companies. Public investors. Issuers. Investing public. Presence of BMV Group México Distrito Federal Centro Bursátil. Paseo de la Reforma No. 255, colonia Cuauhtémoc, Delegación Cuauhtémoc, México DF, C.P. 06500. Terreno. Río Papaloapan No. 7 Bis, colonia Cuauhtémoc, Delegación Cuauhtémoc, México DF, C.P. 06500. Monterrey Calzada San Pedro Norte, No. 250, colonia Miravalle, Monterrey. C.P. 64660. Internacional Costa Rica, Panamá y Colombia através de Valmer. Chile- 50% de las operaciones de SIF Icap son operadas en este país. Strategic Partners Group BMV IBM technology, risk management, trade association . CME Group: commodities , metals , energy, treasury certificates , Nasdaq and S & P . ICAP : OTC markets, interest rate swaps, government bonds, Peru and Chile. Lima Stock Exchange: Strategic partnership with the Stock Exchange Lima (BVL), S.A. a shareholding acquired in 2013 from 8.7% of total BMV Series A shares and a representative of the BMV to occupy a position in its directory . Standard & Poors : on indexes SUSTAINABILITY REPORT 7 Major partnerships in which the Group participates BMV: AMIB - Asociación Mexicana de Intermediarios Bursátiles. ACSDA - Americas Central Securities Depositories Association. ABM - Asociación de Bancos de México. FIAB - Federación Iberoamericana de Bolsas. WFE - World Federation of Exchanges. CCP12 - Global Association of Central Counterparties. SMPG - Securities Market Practice Group. CCE - Comité de Mejores Prácticas Corporativas del Consejo Coordinador Empresarial CCE. MILA - Mercado Integrado Latinoamericano. Pacto Mundial de las Naciones Unidas. SSE - Sustainable Stock Exchange. Board of Directors The administration of our business lies with our Board of Directors that currently consists of 15 Directors (Board Members), 7 of them are institutional advisors and their alternates and 8 are Independent Directors who have only one alternate Director. The Board of Directors Members last in office for one year and have the opportunity to be re-elected on one or several occasions by the Annual Ordinary General Assembly of Stockholders. This, in terms of the provisions of the twenty- eighth and twenty-ninth articles of the BMV statues. Our current Directors and their alternates were elected and ratified in our Shareholders’ Meeting held on December 1st 2014 and will continue in their duties until the next shareholders’Assembly. In accordance with the LMV (Ley del Mercado de Valores), at least 25% of Board Members of a public company must be independent; therefore, currently eight of the 15 members have this character. From pursuant to our Bylaws, most members of our Board of Directors and at least a majority of the members of each of our committees must be independent. Additionally, in the Audit Committee and the Corporate Practices Committee, all members must be Independent Directors. Disciplinary, Monitoring, Compliance and Securities Issuers Committees members are exclusively independent. In addition, in the thirty second article of Mexican Stock Exchange bylaws, and article 124 by reference of 243, of the LMV, there are established the requirements for the appointment of Directors. It is noteworthy that during June 2014 six Board of Directors meetings were held, always with the necessary quorum for these sessions. Also, it is reported that as emolument for the his tenure is granted to each of the Board members, Commissioner and Secretary, the amount after deducting the corresponding tax equivalent in national currency of 2 gold ounces for their attendance at each of the sessions. 8 SUSTAINABILITY REPORT BMV GRUPO 2014 To avoid conflicts of interest, the Mexican Stock Exchange provides in the thirty-ninth article of its bylaws, that directors will required to refrain from participating and being present at the deliberation and vote on any matter for them involving a conflict of interest, without affecting the quorum required for the installation of the Board of Directos meeting. List of committees BMV Group Audit committee. Corporate Practices Committee. Admission Committee Members.
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