GlobeNewswire Inc | Mar 22, 2021 08:00AM EDT

March 22, 2021

Lima, March 22, 2021 (GLOBE NEWSWIRE) -- Credicorp (NYSE: BAP) announcesthe publication ofits 2020 Annual Report, which includes the first Sustainability Report for the holding company,underscoring the Companys commitment to embed Environmental, Social and Governance (ESG) practices within its business strategy to drive change and deliver long term value.

A key aspect of the Sustainability Report is Credicorps 2020-25 Sustainability Program. This transformational program was developed over a period of five months, during whichtimemore than 30 leaders from BCP, BCP Bolivia,Mibanco,Pacfico, Prima and Credicorp Capital worked together to identify sustainability risks and opportunities that can create strategic or financial valueforthebusiness;bolstergrowth;and generatepositive impactsforsociety and stakeholders in general.As part of the exercise, the Company developedanew Purpose, VisionandValues, whichnowguidethe implementation of itsstrategy anddecision-making. Additionally,Credicorphasdefined three pillars, oriented tosustainlong-term value creation andaligned with the UN Sustainable Development Goals: 1) Create a more sustainable and inclusive economy, 2) Improve the financial health of citizens, 3) Empower our people to thrive.

The year2020was fraught with difficulties that have marked the history of humanity and set the bases for new challenges,opportunities,objectives and initiatives across the globe.In his 2020 letter to shareholders, whichpresentedthe first Sustainability Report at the Credicorp level, Mr. Luis Enrique RomeroBelismelis, Chairman of the Board,commented:This year, after reflecting deeply about how we impact society, we moved to launch the Credicorp Sustainability Program.Although Credicorps subsidiaries have always actively participated in the societies and economies in which we operate, we felt the need to address our role through a more integrated focus.Our objective is to make sustainability a core aspect of our strategy to guarantee competitiveness in the long-term.

Akeyelementof the SustainabilityProgramfocuses onstrenghteningthegovernance structure.Credicorp hasexpandedthe scope of theCorporateGovernance Committee, which has been renamed the"Sustainability Committeeto reflect its role inleadingandoverseeingSustainability issues, includingtheSustainability Program.Credicorphasalso set up a Sustainability Office at the Corporate Level, which reports to the Deputy CEO,and designated Executive Sponsors and Heads of Sustainability at both the corporate and subsidiary levels.For the most part, the Heads of Sustainability report directlytotheCEOsof their business.

The2020Sustainability Reportincludes information on the holdingssustainable operations,including:A StrengthenedCorporate Governanceframework:the expanded and reconfiguredcomposition ofthe Boardincreasesits level of independence and diversity. Additionally, thesimplified Committee structureboosted its independence.TheCOVID-19 socialresponse:activesupport foremployees,clientsand communitiesthrough a series of initiatives,as theynavigatedthe current crisis.The new integrated Sustainability Strategy: initiatives that are aligned with the Companys core business, coupled with its Commitment to the Future.

The Company has acceleratedthe pace ofitsjourneyto become a leader insustainable financial services.Over theyearsithasdiscloseditsESGinitiativeson a company-by-company basisthroughthe sustainability reports published byBCP, Pacifico andMibanco. In2019Credicorpcompiledan integrated review of the companies initiatives, which was included intheESG ChapteroftheAnnual Report. In 2020the companyhitthemilestoneannouncedtoday: the publication of Credicorps first Sustainability Report at theholdingcompany level,detailing itscommitment tointegrateESGatthecore ofitsstrategy.

AsCredicorpprogressesinitsefforts todevelopa more comprehensive Sustainability Report,itwillcontinue aligningitsreportingframework, as well asitsinitiatives, with best practices andinaccordance withinternationalreportingstandards.

Please click the following link to download the 2020 Annual and Sustainability Report:

2020 Annual and Sustainability Report

About Credicorp

Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco deCreditodel Peru BCP and Banco deCreditode Bolivia; Microfinance, throughMibancoin Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Banking & Wealth Management, through Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank.

For further information please contact the IR team:

investorrelations@credicorpperu.com.pe

Investor RelationsCredicorp Ltd.