Navistar Financial has defined and aligned its strategies to transform the transportation industry in the country. During 2023, Navistar Financial continues with its project aimed at placing the company at the vanguard in terms of ESG initiatives. As part of this effort, in 2023 the ESG Committee was formed, which supervising, monitoring and evaluating the measures that will be carried out related to these issues.
A dual materiality assessment was conducted to identify the most relevant issues for the organization and its stakeholders. This assessment aims to deepen the strategy and actions needed to improve ESG performance will be deepened. Below are the main actions undertaken in each area:
Environmental
As a brand, different solutions have been developed, one of them being the launching and circulation of the first S13 (S13 Integrated Powertrain) trucks in the local market, which produces up to 80% less NOX emissions and 10% less CO2 than those established in current regulations.
Additionally, we have developed a plan for product launches and the development of technologies that promote electromobility.
To date, we have a 100% electric bus and a medium-range truck for distribution that is 100% electric and produced in Mexico.
Governance
Navistar Financial has a strong and transparent Corporate Governance structure closely aligned with the Code of Best Corporate Practices established by the National Banking and Securities Commission. Beyond complying with regulatory requirements, the company is actively committed to transparency and open communication of relevant information to both investors and other stakeholders. Additionally, specific policies and procedures are implemented to ensure integrity, ethics and accountability in all business operations and decisions. Active involvement of directors and adherence to governance standards ensure solid and effective management, which contributes to strengthening stakeholder confidence and maximizing long-term value for all parties involved.
During 2023, more than 1,000 hours of compliance training courses were delivered.
Corporate Governance Structure
In accordance with the Company’s bylaws, the Board of Directors represents the highest authority in corporate management. Its main responsibility is to guide the course of the Company by aligning it with the strategies, guidelines and goals established to achieve the institutional objectives. To facilitate these functions, the Board is supported by various specialized Committees, which are responsible for examining particular issues and making recommendations that contribute to the achievement of expected results.
Social
In 2023, the company reaffirmed its commitment to equity, inclusion, and social responsibility towards the community through various initiatives. For the second time, we organized the ‘Women’s Day’ event, dedicated to promoting gender equity and inclusion in our work environment. This effort has been widely recognized, positioning us 29th in the ‘Super Companies for Women’ ranking by Expansión, reflecting our continued commitment to creating an inclusive and equitable work environment for all.
Furthermore, Navistar Financial maintained its participation in the “tapitas” collection, an initiative aimed at supporting care programs for children under the age of 21 diagnosed with cancer, where 647 kg of plastic caps were donated at the beginning of 2023. This figure represents the equivalent of
36 doses of chemotherapy, thus contributing to the support and treatment of people affected by this disease.
In the same context, we donated 11 hair braids and a wig to the Rapunzel Movement, a program that collects hair braids to make free oncological wigs for young girls and adult women.
In the context of breast cancer prevention, Navistar Financial believes in the importance of early detection and access to medical care. Therefore, we donated a CT® unit to FUCAM A.C., which will serve as a mobile unit to perform free mammograms throughout Mexico.
This initiative reflects our ongoing commitment to community health.
Another action taken under ESG factors, specifically in the social aspect, involved all employees in a volunteer activity at a dog shelter.
In this activity, 250 kg of food, leashes, bowls, cleaning supplies and essential healing items were donated to the Qariño Animal, A.C. dog shelter in El Marqués, Querétaro. Volunteers not only made material donations, but also dedicated themselves to deep cleaning the spaces for the dogs, feeding and walking them, thus contributing to the well- being and care of the animals and strengthening the company’s social commitment to the community and the environment.
Likewise, another action in the social scope was the launch of the
“Abriguemos y Compartamos” campaign at the end of 2023, aimed towards the donation of blankets to the Caritas Foundation. A total of 314 blankets were collected, to be delivered in January 2024.
Navistar Financial also implemented employee-led volunteer groups (Employee Resource Groups (ERG’s)) that foster a diverse and inclusive workplace aligned with our mission, values, goals, business practices and organizational objectives.
Within Navistar Financial there are 3 ERG’s that seek to provide a sense of community, personal and professional development, volunteer opportunities, partnerships and more:
These actions are an inherent part of our strategy to generate a positive impact on society and strengthen our commitment to community well-being.