<![CDATA[CaixaBank - Communication]]> https://www.caixabank.com/aplnr/comunicacion/buscador/servicio.noticiasRSS_en.html WordPress <![CDATA[Tecnologías emergentes que cambiarán en mundo en 2023, según el MIT]]> https://blog.caixabank.es/?p=23645 2023-01-24T09:05:37.0Z 2023-01-24T09:05:37.0Z <![CDATA[Tecnologías emergentes que cambiarán en mundo en 2023, según el MIT]]> 0 <![CDATA[CaixaBank issues a new Tier 2 subordinated bond for £500 million with demand of more than £1.3 billion]]> https://blog.caixabank.es/?p=23645 2023-01-17T16:00:00.0Z 2023-01-17T16:00:00.0Z <![CDATA[CaixaBank issues a new Tier 2 subordinated bond for £500 million with demand of more than £1.3 billion]]> CaixaBank has closed its second bond issue in 2023. It is a £500 million Tier 2 subordinated debt bond with a maturity of 10 years and 9 months, with an early redemption option in 5 years and 6 months from the issuer.

The price has been set at 370 basis points (bps) above the UK Treasury level (UKT), 20 bps below the 390 bps offered in the announcement, thanks to strong demand that has exceeded £1.3 billion, with the participation of more than 90 institutional investors.

With this issuance, the bank optimizes and reinforces its total capital ratio by 26 basis points (bps) to 17.13%, pro-forma September 2022, including the Tier 2 issuance of €750 million in November 2022.

This is the third issue in sterling pounds, after the £500 million green senior non-preferred bond issued in May 2021 and the £500 million senior non-preferred debt bond placed in March 2022. In this way, CaixaBank is continuing the diversification of its investor base, allowing it to reach a greater number of investors and to achieve lower financing costs.

The issue is expected to be rated Ba1/BBB-/BBB-/BBB (H) by Moody's, S&P, Fitch and DBRS. Barclays, CaixaBank, Credit Suisse and NatWest Markets acted as bookrunners for the issuance.

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CaixaBank has closed its second bond issue in 2023. It is a £500 million Tier 2 subordinated debt bond with a maturity of 10 years and 9 months, with an early redemption option in 5 years and 6 months from the issuer.

The price has been set at 370 basis points (bps) above the UK Treasury level (UKT), 20 bps below the 390 bps offered in the announcement, thanks to strong demand that has exceeded £1.3 billion, with the participation of more than 90 institutional investors.

With this issuance, the bank optimizes and reinforces its total capital ratio by 26 basis points (bps) to 17.13%, pro-forma September 2022, including the Tier 2 issuance of €750 million in November 2022.

This is the third issue in sterling pounds, after the £500 million green senior non-preferred bond issued in May 2021 and the £500 million senior non-preferred debt bond placed in March 2022. In this way, CaixaBank is continuing the diversification of its investor base, allowing it to reach a greater number of investors and to achieve lower financing costs.

The issue is expected to be rated Ba1/BBB-/BBB-/BBB (H) by Moody's, S&P, Fitch and DBRS. Barclays, CaixaBank, Credit Suisse and NatWest Markets acted as bookrunners for the issuance.

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<![CDATA[CaixaBank named as leader in green financing in Europe]]> https://blog.caixabank.es/?p=23645 2023-01-17T00:00:00.0Z 2023-01-17T00:00:00.0Z <![CDATA[CaixaBank named as leader in green financing in Europe]]>  

CaixaBank further consolidates its leadership in green and sustainable financing. The bank rose to the top of green financing in Europe in 2022, according to the Bloomberg League Table Green Use of Proceeds Top Tier Lender. According to this ranking, CaixaBank's CIB&IB Department financed 3.271 billion dollars in 16 operations, a volume that doubles the financing figure of its next closest competitor in the ranking. In addition, according to Bloomberg, CaixaBank rose to third place in the global green financing ranking, behind Sumitomo and Mitsubishi.

In this financing classification, CaixaBank has stood out for its constant innovation as it develops new green financing formulas. Notable in this regard is the  pioneering financing product CESCE Green Hedge issued to Iberdrola, and the first operations with transactional products like the Trade Financing Line, or Green Guarantees with customers like Opdenergy, Grenergy or FRV (Fotowatio). Also of note is the financing of Aqualia, which involved the highest volume in Spain last year. In all these operations, CaixaBank advised its customers on their structure, acting as an agent of sustainability.

CaixaBank ranked third  in Refinitiv's European ranking of sustainable financing

Moreover, CaixaBank consolidated its leadership in sustainable financing in Europe, closing out 2022 in third place in sustainable financing in Europe, according to the Refinitiv EMEA Top Tier Green & ESG-Linked Loans ranking. The bank's constant improvement in this ranking is notable, having risen three positions with respect to the previous year and being the top Spanish company in this list.

Refinitiv considered US$12.716 billion in a total of 99 operations when preparing its European ranking of sustainable financing, which includes both green and ESG-Linked financing. This ranking only takes into account those financing operations where CaixaBank was involved as a top-tier lender.

Notable amongst the operations made by the CIB&IB Department of CaixaBank, and considered for the Refinitiv ranking, is the inaugural sustainable financing in the domestic maritime sector with Balearia; and in Spain's textile sector with Mango and Tendam; or the inaugural financing of Hispasat. Other highlights include international operations with companies like Sonae Arauco, ASTM and A2A. In all these transactions, CaixaBank was involved as the Sustainability Coordinator and Agent.

Also in 2022, the bank launched its ESG Guidance service to help corporate and institutional customers analyse and set up their sustainability strategy and positioning. This service was designed using an internal methodology and is based on the Guide of the Cambridge Institute for Sustainability Leadership and UNEP-Fi. Currently, CaixaBank CIB&IB is advising more than 20 companies and groups with this service.

Sustainability, a priority of the new Strategic Plan

As part of its new 2022-2024 Strategic Plan, CaixaBank has set as a strategic priority to be a sustainability leader in Europe, to which end it has mobilised €64 billion in sustainable financing to boost the transition to sustainability in companies and society alike. CaixaBank has other commitments that address the ambitions of its 2022-2024 Sustainable Banking Plan. In the environmental area, the bank is committed to further decarbonise its portfolio to reach zero emissions by 2050. In the social sphere, it will allocate over €3.5 billion in new microloans and impact more than 413,000 beneficiaries through its MicroBank social bank. And in the area of governance, the goal is to have 42% of managerial positions filled by women.

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CaixaBank further consolidates its leadership in green and sustainable financing. The bank rose to the top of green financing in Europe in 2022, according to the Bloomberg League Table Green Use of Proceeds Top Tier Lender. According to this ranking, CaixaBank's CIB&IB Department financed 3.271 billion dollars in 16 operations, a volume that doubles the financing figure of its next closest competitor in the ranking. In addition, according to Bloomberg, CaixaBank rose to third place in the global green financing ranking, behind Sumitomo and Mitsubishi.

In this financing classification, CaixaBank has stood out for its constant innovation as it develops new green financing formulas. Notable in this regard is the  pioneering financing product CESCE Green Hedge issued to Iberdrola, and the first operations with transactional products like the Trade Financing Line, or Green Guarantees with customers like Opdenergy, Grenergy or FRV (Fotowatio). Also of note is the financing of Aqualia, which involved the highest volume in Spain last year. In all these operations, CaixaBank advised its customers on their structure, acting as an agent of sustainability.

CaixaBank ranked third  in Refinitiv's European ranking of sustainable financing

Moreover, CaixaBank consolidated its leadership in sustainable financing in Europe, closing out 2022 in third place in sustainable financing in Europe, according to the Refinitiv EMEA Top Tier Green & ESG-Linked Loans ranking. The bank's constant improvement in this ranking is notable, having risen three positions with respect to the previous year and being the top Spanish company in this list.

Refinitiv considered US$12.716 billion in a total of 99 operations when preparing its European ranking of sustainable financing, which includes both green and ESG-Linked financing. This ranking only takes into account those financing operations where CaixaBank was involved as a top-tier lender.

Notable amongst the operations made by the CIB&IB Department of CaixaBank, and considered for the Refinitiv ranking, is the inaugural sustainable financing in the domestic maritime sector with Balearia; and in Spain's textile sector with Mango and Tendam; or the inaugural financing of Hispasat. Other highlights include international operations with companies like Sonae Arauco, ASTM and A2A. In all these transactions, CaixaBank was involved as the Sustainability Coordinator and Agent.

Also in 2022, the bank launched its ESG Guidance service to help corporate and institutional customers analyse and set up their sustainability strategy and positioning. This service was designed using an internal methodology and is based on the Guide of the Cambridge Institute for Sustainability Leadership and UNEP-Fi. Currently, CaixaBank CIB&IB is advising more than 20 companies and groups with this service.

Sustainability, a priority of the new Strategic Plan

As part of its new 2022-2024 Strategic Plan, CaixaBank has set as a strategic priority to be a sustainability leader in Europe, to which end it has mobilised €64 billion in sustainable financing to boost the transition to sustainability in companies and society alike. CaixaBank has other commitments that address the ambitions of its 2022-2024 Sustainable Banking Plan. In the environmental area, the bank is committed to further decarbonise its portfolio to reach zero emissions by 2050. In the social sphere, it will allocate over €3.5 billion in new microloans and impact more than 413,000 beneficiaries through its MicroBank social bank. And in the area of governance, the goal is to have 42% of managerial positions filled by women.

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<![CDATA[imagin consolidates itself as a leading digital platform in the field of sustainability and social impact]]> https://blog.caixabank.es/?p=23645 2023-01-12T10:30:00.0Z 2023-01-12T10:30:00.0Z <![CDATA[imagin consolidates itself as a leading digital platform in the field of sustainability and social impact]]>  

imagin, the lifestyle and digital services platform launched by CaixaBank, in just three years has been able to offset 452 tonnes of CO2, collect more than 21 tonnes of plastic from the sea, plant 340,000 trees and mobilise 9,500 digital volunteers to collaborate in solidarity causes through digital channels. These figures are proof of the positive impact that imagin has had on the planet and society thanks to its strategy based on generating a positive impact from the digital environment and to the support of its community.

In its strategy launch in 2020, imagin stated its objective of connecting and awakening the interests of its community of users in sustainability, by offering tools to reduce the negative impact of its actions and focusing on channelling the support to collaborative social and entrepreneurial initiatives  that benefit the environment and society.

Three years later, through its app, the platform has been able to connect in an innovative way and within a digital environment with the sustainable interests of a community of imaginers that today amounts to over 4 million people. To that end, imagin develops products, services, content, agreements and initiatives that help improve the planet and those who inhabit it, and these initiatives are carried out through imaginPlanet.

This commitment has established imagin as the benchmark in the field of sustainability and social impact. In July 2020, imagin became the first mobile only platform for financial services to obtain the B Corp certification, an acknowledgement that positions the online bank among the best companies in the world that use their potential to generate a positive impact.

Three major objectives

With the aim of concentrating its efforts and obtaining the best possible result, imagin has focused on three major objectives: protecting the forests, preserving seas and oceans and achieving social transformation, causes which the platform has rallied behind through various  collaborations and actions that have scaled and expanded the resulting impact.

The protection of woodlands is one of the most powerful tools we have to promote biodiversity, revert soil erosion and halt desertification, and it has a positive impact on the life of people whose existence depends on the resources provided by forests. Thanks to the actions initiated by imagin together with its community, the platform has planted over 340,000 trees in areas devastated by fire, such as the Iruelas Valley (Ávila, Spain), and where forests have been destroyed, such as in Mahajanga (Madagascar).

Another of imagin's priorities is to help protect our seas and oceans. The amount of waste in these bodies of water has an effect on the capacity they have to act as weather and climate regulators and to capture CO2. With the aim of contributing to cleaner seas, imagin has installed  a network of nine floating sea containers throughout various ports in Spain, called ‘imagin Seabins’, that filter the water and capture waste, thus avoiding it from reaching the ocean. imagin has also promoted commercial actions linked to this objective, such as collecting 10 kg of plastic from the sea for every new salary directly paid into an account. Through these initiatives, imagin has been able to collect more than 21 tonnes of plastics from the ocean.

Supporting social transformation is the third major objective set by imagin. Social equity and inclusion not only contribute towards social welfare, but it also helps drive greater economic growth that is more sustainable over time and within everyone's reach. This is why imagin launches digital volunteering actions in which the community of imaginers can participate through their mobile phones without leaving their home. These activities consist in, for example, users interacting and supporting people at risk of exclusion or collaborating with NGOs, initiatives in which more than 9,500 volunteers have already participated.

All this positive impact generated by imagin through its sustainability strategy has been enhanced by  impactful collaborations and actions, such as encouraging the development of entrepreneurial projects within the field of sustainability, imaginPlanet Challenge, in which more than 2,000 young people have partaken; and the collaborations with Too Good To Go, which has saved over 24,000 kg of food. In all initiatives imagin has become the loudspeaker that promotes, involves others in and raises awareness about society's major challenges in achieving a sustainable future.

Four million imaginers

imagin is a lifestyle platform promoted by CaixaBank that offers digital, financial and non-financial services that help its users, mainly young people under 30, with their daily lives and future projects. It currently has a community of 4 million users, a figure that is constantly growing thanks to the wide range of content and services—many of them free to access—and to how easy it is to sign up and access products, something that, unlike traditional banks, does not necessarily involve registering as a financial customer.  

The imagin digital content is organised around five core areas: sustainability (imaginPlanet), music (imaginMusic), video games (imaginGames), trends (imaginCafé) and technology (imaginShop). imagin also offers special experiences and advantages in areas such as travel, urban mobility and educational training.

In addition, imagin’s platform provides a range of financial products to support young people to save and ease them into the ctransition into adulthood as they start to have their own income and their own lifestyle projects. In that regard, imagin is adhering to the characteristics that have turned it into the leading bank for young people: mobile only banking (the services are provided exclusively through the app, with no branches and no website, which solely fulfils an informative purpose), with no fees for the user and its own simple and clear language, especially suited to directly communicating with young people.

]]>
 

imagin, the lifestyle and digital services platform launched by CaixaBank, in just three years has been able to offset 452 tonnes of CO2, collect more than 21 tonnes of plastic from the sea, plant 340,000 trees and mobilise 9,500 digital volunteers to collaborate in solidarity causes through digital channels. These figures are proof of the positive impact that imagin has had on the planet and society thanks to its strategy based on generating a positive impact from the digital environment and to the support of its community.

In its strategy launch in 2020, imagin stated its objective of connecting and awakening the interests of its community of users in sustainability, by offering tools to reduce the negative impact of its actions and focusing on channelling the support to collaborative social and entrepreneurial initiatives  that benefit the environment and society.

Three years later, through its app, the platform has been able to connect in an innovative way and within a digital environment with the sustainable interests of a community of imaginers that today amounts to over 4 million people. To that end, imagin develops products, services, content, agreements and initiatives that help improve the planet and those who inhabit it, and these initiatives are carried out through imaginPlanet.

This commitment has established imagin as the benchmark in the field of sustainability and social impact. In July 2020, imagin became the first mobile only platform for financial services to obtain the B Corp certification, an acknowledgement that positions the online bank among the best companies in the world that use their potential to generate a positive impact.

Three major objectives

With the aim of concentrating its efforts and obtaining the best possible result, imagin has focused on three major objectives: protecting the forests, preserving seas and oceans and achieving social transformation, causes which the platform has rallied behind through various  collaborations and actions that have scaled and expanded the resulting impact.

The protection of woodlands is one of the most powerful tools we have to promote biodiversity, revert soil erosion and halt desertification, and it has a positive impact on the life of people whose existence depends on the resources provided by forests. Thanks to the actions initiated by imagin together with its community, the platform has planted over 340,000 trees in areas devastated by fire, such as the Iruelas Valley (Ávila, Spain), and where forests have been destroyed, such as in Mahajanga (Madagascar).

Another of imagin's priorities is to help protect our seas and oceans. The amount of waste in these bodies of water has an effect on the capacity they have to act as weather and climate regulators and to capture CO2. With the aim of contributing to cleaner seas, imagin has installed  a network of nine floating sea containers throughout various ports in Spain, called ‘imagin Seabins’, that filter the water and capture waste, thus avoiding it from reaching the ocean. imagin has also promoted commercial actions linked to this objective, such as collecting 10 kg of plastic from the sea for every new salary directly paid into an account. Through these initiatives, imagin has been able to collect more than 21 tonnes of plastics from the ocean.

Supporting social transformation is the third major objective set by imagin. Social equity and inclusion not only contribute towards social welfare, but it also helps drive greater economic growth that is more sustainable over time and within everyone's reach. This is why imagin launches digital volunteering actions in which the community of imaginers can participate through their mobile phones without leaving their home. These activities consist in, for example, users interacting and supporting people at risk of exclusion or collaborating with NGOs, initiatives in which more than 9,500 volunteers have already participated.

All this positive impact generated by imagin through its sustainability strategy has been enhanced by  impactful collaborations and actions, such as encouraging the development of entrepreneurial projects within the field of sustainability, imaginPlanet Challenge, in which more than 2,000 young people have partaken; and the collaborations with Too Good To Go, which has saved over 24,000 kg of food. In all initiatives imagin has become the loudspeaker that promotes, involves others in and raises awareness about society's major challenges in achieving a sustainable future.

Four million imaginers

imagin is a lifestyle platform promoted by CaixaBank that offers digital, financial and non-financial services that help its users, mainly young people under 30, with their daily lives and future projects. It currently has a community of 4 million users, a figure that is constantly growing thanks to the wide range of content and services—many of them free to access—and to how easy it is to sign up and access products, something that, unlike traditional banks, does not necessarily involve registering as a financial customer.  

The imagin digital content is organised around five core areas: sustainability (imaginPlanet), music (imaginMusic), video games (imaginGames), trends (imaginCafé) and technology (imaginShop). imagin also offers special experiences and advantages in areas such as travel, urban mobility and educational training.

In addition, imagin’s platform provides a range of financial products to support young people to save and ease them into the ctransition into adulthood as they start to have their own income and their own lifestyle projects. In that regard, imagin is adhering to the characteristics that have turned it into the leading bank for young people: mobile only banking (the services are provided exclusively through the app, with no branches and no website, which solely fulfils an informative purpose), with no fees for the user and its own simple and clear language, especially suited to directly communicating with young people.

]]>
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<![CDATA[The CaixaBank Board of Directors approves the appointment of three new Business Area executives to the Management Committee]]> https://blog.caixabank.es/?p=23645 2023-01-11T13:00:00.0Z 2023-01-11T13:00:00.0Z <![CDATA[The CaixaBank Board of Directors approves the appointment of three new Business Area executives to the Management Committee]]> The CaixaBank Board of Directors has today approved a new structure of the bank’s Management Committee. Three new executives have been appointed to the commercial division and will take over, among others, the duties that were currently being carried out by the CaixaBank’s Chief Business Officer, Juan Antonio Alcaraz, who is leaving the bank.

The Board of Directors has appointed Jaume Masana Ribalta, currently Head of the Territorial Direction of Catalonia, as the new Head of Retail, Private and Business Banking; Mariona Vicens Cuyás, currently Head of Innovation and Digital Transformation, as the new Head of Digital Transformation and Advanced Analytics; and Jordi Nicolau Aymar, currently Head of Retail-Customer Experience & Día a Día, as the new Head of Payments and Consumer.

The CaixaBank Board of Directors has thanked Juan Antonio Alcaraz for the extraordinary work he has carried out since its incorporation to “la Caixa” in 2007, which subsequently became CaixaBank, where during these 15 last years he has played a key role in the transformation process of the leading bank in Spain.

Leading the digital transformation and maintaining the commercial leadership

After the successful completion of the Bankia integration, CaixaBank begins a new phase with the focus on maintaining its commercial leadership and being fully prepared to meet the challenges that the banking sector is facing in the coming years.

With these appointments, subject to fit and proper assessment approval from the European Central Bank, the bank continues adapt its structure in order to lead the digital transformation of the banking sector.

The Management Committee, led by CEO Gonzalo Gortazar, will be composed of the following executives:

  • Ignacio Badiola Gómez, Head of CIB and International Banking
  • Luis Javier Blas Agüeros, Chief Operating Officer
  • Matthias Bulach, Head of Accounting, Management Control and Capital
  • Óscar Calderón de Oya, Board Secretary and General Counsel
  • Manuel Galarza Pont, Head of Control and Compliance
  • David López Puig, Chief Human Resources Officer
  • María Luisa Martínez Gistau, Head of Communications and Institutional Relations
  • Jaume Masana Ribalta, Head of Retail, Private and Business Banking
  • Jordi Mondéjar López, Chief Risk Officer
  • Jordi Nicolau Aymar, Head of Payments and Consumer
  • Javier Pano Riera, Chief Financial Officer
  • María Luisa Retamosa, Head of Internal Audit
  • Eugenio Solla, Chief Sustainability Officer
  • Javier Valle T-Figueras, Head of Insurance
  • María Vicens Cuyás, Head of Digital Transformation and Advanced Analytics

New Appointments to the Management Committee

Jaume Masana Ribalta will be the new Head of Retail, Private and Business Banking. A graduate in Business Sciences with an MBA by ESADE, Masana joined CaixaBank in 2013 as Head of the Territorial Direction of Catalonia. Before that, he held senior management positions in Caixa Manresa and Caixa Cataluña.

Mariona Vicens Cuyás, Head of Innovation and Digital Transformation at CaixaBank since 2016, joined the bank in 2012 from Novartis, where she held several senior positions in the Business Development and Strategy areas in China and in Switzerland. Between 1999 and 2008 she worked as Associate Principal at McKinsey in the Madrid offices. Mariona Vicens, Industrial Engineer by the UPC (Polytechnic University of Catalunya) and MBA by the Kellogg School of Management of Northwestern University, will be the new Head of the Digital Transformation and Advanced Analytics Area.

Jordi Nicolau, currently Head of Retail-Customer Experience & Día a Día, has had an extensive professional career at CaixaBank, holding several senior positions, such as Executive Director of the Territorial Direction of Catalonia and Barcelona. From today, he is the new Head of Payments and Consumer. Nicolau holds a Degree in Economics by the University of Barcelona, an MBA by the Pompeu Fabra University and a PDD by the IESE Business School.

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The CaixaBank Board of Directors has today approved a new structure of the bank’s Management Committee. Three new executives have been appointed to the commercial division and will take over, among others, the duties that were currently being carried out by the CaixaBank’s Chief Business Officer, Juan Antonio Alcaraz, who is leaving the bank.

The Board of Directors has appointed Jaume Masana Ribalta, currently Head of the Territorial Direction of Catalonia, as the new Head of Retail, Private and Business Banking; Mariona Vicens Cuyás, currently Head of Innovation and Digital Transformation, as the new Head of Digital Transformation and Advanced Analytics; and Jordi Nicolau Aymar, currently Head of Retail-Customer Experience & Día a Día, as the new Head of Payments and Consumer.

The CaixaBank Board of Directors has thanked Juan Antonio Alcaraz for the extraordinary work he has carried out since its incorporation to “la Caixa” in 2007, which subsequently became CaixaBank, where during these 15 last years he has played a key role in the transformation process of the leading bank in Spain.

Leading the digital transformation and maintaining the commercial leadership

After the successful completion of the Bankia integration, CaixaBank begins a new phase with the focus on maintaining its commercial leadership and being fully prepared to meet the challenges that the banking sector is facing in the coming years.

With these appointments, subject to fit and proper assessment approval from the European Central Bank, the bank continues adapt its structure in order to lead the digital transformation of the banking sector.

The Management Committee, led by CEO Gonzalo Gortazar, will be composed of the following executives:

  • Ignacio Badiola Gómez, Head of CIB and International Banking
  • Luis Javier Blas Agüeros, Chief Operating Officer
  • Matthias Bulach, Head of Accounting, Management Control and Capital
  • Óscar Calderón de Oya, Board Secretary and General Counsel
  • Manuel Galarza Pont, Head of Control and Compliance
  • David López Puig, Chief Human Resources Officer
  • María Luisa Martínez Gistau, Head of Communications and Institutional Relations
  • Jaume Masana Ribalta, Head of Retail, Private and Business Banking
  • Jordi Mondéjar López, Chief Risk Officer
  • Jordi Nicolau Aymar, Head of Payments and Consumer
  • Javier Pano Riera, Chief Financial Officer
  • María Luisa Retamosa, Head of Internal Audit
  • Eugenio Solla, Chief Sustainability Officer
  • Javier Valle T-Figueras, Head of Insurance
  • María Vicens Cuyás, Head of Digital Transformation and Advanced Analytics

New Appointments to the Management Committee

Jaume Masana Ribalta will be the new Head of Retail, Private and Business Banking. A graduate in Business Sciences with an MBA by ESADE, Masana joined CaixaBank in 2013 as Head of the Territorial Direction of Catalonia. Before that, he held senior management positions in Caixa Manresa and Caixa Cataluña.

Mariona Vicens Cuyás, Head of Innovation and Digital Transformation at CaixaBank since 2016, joined the bank in 2012 from Novartis, where she held several senior positions in the Business Development and Strategy areas in China and in Switzerland. Between 1999 and 2008 she worked as Associate Principal at McKinsey in the Madrid offices. Mariona Vicens, Industrial Engineer by the UPC (Polytechnic University of Catalunya) and MBA by the Kellogg School of Management of Northwestern University, will be the new Head of the Digital Transformation and Advanced Analytics Area.

Jordi Nicolau, currently Head of Retail-Customer Experience & Día a Día, has had an extensive professional career at CaixaBank, holding several senior positions, such as Executive Director of the Territorial Direction of Catalonia and Barcelona. From today, he is the new Head of Payments and Consumer. Nicolau holds a Degree in Economics by the University of Barcelona, an MBA by the Pompeu Fabra University and a PDD by the IESE Business School.

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<![CDATA[CaixaBank makes its first debt issue in the US market]]> https://blog.caixabank.es/?p=23645 2023-01-10T19:30:00.0Z 2023-01-10T19:30:00.0Z <![CDATA[CaixaBank makes its first debt issue in the US market]]> CaixaBank has made its first debt placement in dollars in the US market. The bank has placed US$1.25 billion in 6-year senior non-preferred debt, with an early redemption option in the fifth year, in the form of a senior non-preferred bond.

The price was set at 250 basis points (bps) over the 5-year US Treasury benchmark, 25 bps below the 275 bps offered in the announcement, thanks to the high demand, which exceeded 3.4 billion dollars. 90 institutional investors participated in CaixaBank’s inaugural issue in dollars.

This issue is CaixaBank’s first step towards becoming a regular issuer in the US market, as it seeks to diversify its investor base by establishing a liquid issue in the secondary market that will serve as a benchmark for future issuance exercises in the US market. Diversification enables CaixaBank to reach a larger number of investors and, therefore, achieve lower funding costs and a greater capacity to appeal to the market. In the case of the dollar-denominated issuance, it provides access to a sizable and stable investor base, enabling the bank to issue in practically any market circumstances.

The step into the US market was highly advisable for a bank of CaixaBank’s size, which has grown significantly in recent years to become Spain’s largest bank in terms of balance sheet size and one of Europe’s largest retail banks in terms of business volume and market capitalisation.

This issue enables CaixaBank to continue to strengthen its position in bail-inable liabilities, comfortably above the MREL requirement set for 1 January 2024, and reasserts the bank’s commitment to continue building the bail-inable debt buffer in order to increase protection for senior creditors and depositors.

The banks in charge of the placement were Barclays, BNP Paribas, BofA Securities, CaixaBank, J.P. Morgan and Morgan Stanley.

This US$1.25 billion comes in addition to the sterling and Swiss franc issues made in previous years.  In March 2022, CaixaBank issued £500 million of senior non-preferred debt; in June 2021, it issued CHF200 million of senior non-preferred debt; and in May 2021, it placed a senior non-preferred green bond amounting to £500 million. Furthermore, in the Japanese market it has made three issues in yen totaling more than €180 million.

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CaixaBank has made its first debt placement in dollars in the US market. The bank has placed US$1.25 billion in 6-year senior non-preferred debt, with an early redemption option in the fifth year, in the form of a senior non-preferred bond.

The price was set at 250 basis points (bps) over the 5-year US Treasury benchmark, 25 bps below the 275 bps offered in the announcement, thanks to the high demand, which exceeded 3.4 billion dollars. 90 institutional investors participated in CaixaBank’s inaugural issue in dollars.

This issue is CaixaBank’s first step towards becoming a regular issuer in the US market, as it seeks to diversify its investor base by establishing a liquid issue in the secondary market that will serve as a benchmark for future issuance exercises in the US market. Diversification enables CaixaBank to reach a larger number of investors and, therefore, achieve lower funding costs and a greater capacity to appeal to the market. In the case of the dollar-denominated issuance, it provides access to a sizable and stable investor base, enabling the bank to issue in practically any market circumstances.

The step into the US market was highly advisable for a bank of CaixaBank’s size, which has grown significantly in recent years to become Spain’s largest bank in terms of balance sheet size and one of Europe’s largest retail banks in terms of business volume and market capitalisation.

This issue enables CaixaBank to continue to strengthen its position in bail-inable liabilities, comfortably above the MREL requirement set for 1 January 2024, and reasserts the bank’s commitment to continue building the bail-inable debt buffer in order to increase protection for senior creditors and depositors.

The banks in charge of the placement were Barclays, BNP Paribas, BofA Securities, CaixaBank, J.P. Morgan and Morgan Stanley.

This US$1.25 billion comes in addition to the sterling and Swiss franc issues made in previous years.  In March 2022, CaixaBank issued £500 million of senior non-preferred debt; in June 2021, it issued CHF200 million of senior non-preferred debt; and in May 2021, it placed a senior non-preferred green bond amounting to £500 million. Furthermore, in the Japanese market it has made three issues in yen totaling more than €180 million.

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<![CDATA[CaixaBank offers access to the ‘Digital Kit’ and provides tools to boost the digitisation of microenterprises, retailers and the self-employed]]> https://blog.caixabank.es/?p=23645 2023-01-10T00:00:00.0Z 2023-01-10T00:00:00.0Z <![CDATA[CaixaBank offers access to the ‘Digital Kit’ and provides tools to boost the digitisation of microenterprises, retailers and the self-employed]]>  

CaixaBank is boosting the digitisation of micro-enterprises, retailers and self-employed workers by supporting them throughout the entire digitisation process with its ‘Digital Kit’, the programme designed by the Spanish Government with NextGenerationEU, the economic recovery package to support the EU member states to recover from the COVID-19 pandemic. All those interested in the programme can make the most of the digital voucher that the bank is offering, which includes the free processing of paperwork to apply for the aid and a wide range of digital solutions and tools based on the customers' needs. In addition, it is providing interest-free financing for the parts not funded by the programme (VAT).

This way, CaixaBank becomes the first financial institution to offer its customers a comprehensive service that covers the entire digitisation process of small enterprises and self-employed workers.

This marketing of digital solutions is framed within CaixaBank's commitment to supporting its customers in projects that helps improve the management, efficiency and competitiveness of their business in the current context, in which digitisation is a key tool to boost their activity.

The aim of the ‘Digital Kit’ programme, which has been funded with over €3 billion, is to boost economic productivity across Spain within the next three years through the digitisation of microenterprises,  SMEs and the self-employed. Thanks to this programme, they will receive a digital voucher for an amount that varies according to the number of employees in each business. The solutions offered by CaixaBank are aimed at businesses classified as of 1-2 workers and 3-9 workers and include digital vouchers for a maximum amount of €2,000 and €6,000, respectively.

For SMEs with 10-49 workers, CaixaBank is offering a team of experts to provide advisory services, analyse their needs and support them throughout the entire process of applying for and processing the paperwork for the ‘Digital Kit’ subsidy. 

Solutions tailored to the needs of each business

Through its branch network and Wivai —CaixaBank Payments & Consumer's e-commerce platform— CaixaBank is making available  both its own digital solutions and those designed by other leading partners to its customers, such as Comercia Global Payments, the bank's subsidiary offering retail services, and Vodafone Business, a digitising agent.

The digitisation solutions provided by CaixaBank are in line with the categories included in the terms of the ‘Digital Kit’: internet presence and website, e-commerce, social media management, business intelligence and analytics, process management, electronic invoicing, secure communications and cybersecurity.

Specifically, customers are offered three digital marketing solutions (website environment and digital presence, e-commerce and social media management) that will them to create their own store front on the internet, start selling online and attract new customers. It also features services that include content creation, product uploading and community manager services.

The cybersecurity kit includes protection software, vulnerability analyses, email, insurance and reports and audits, among others. Digital tools include electronic invoicing, which allows generating invoices in a structured manner; estimates, expense notes and tickets; and digital certificates and signatures. Through Comercia Global Payments, the bank is also offering the POS Tablet as an all-inclusive solution for businesses —featuring a software with a multitude of functionalities suited to every sector, advanced statistics and training and product uploading possibilities— and a handheld order device for restaurants.

Specifically, for the agro-food sector, the ‘Digital Kit’ offers satellite crop monitoring solutions, the drafting of the digital field book and an agronomic management platform featuring agroclimatic data exploitation, cost control, delivery of alerts and information analysis and interpretation.

CaixaBank, the value of specialisation 

Thanks to its specialisation model, with a suite of products and services adapted to suit each sector, CaixaBank is setting the standard for retailers, businesses, the self-employed and entrepreneurs. The bank has specialised areas through which it offers products and services adapted to suit the specific needs of this sector with personal and comprehensive advice, not only through financial support, but by also offering personal advice on everyday business management aspects.

About Wivai

Wivai is an e-commerce platform specialising in offering a selection of novelties that stand out for their high component of innovation and design in technology, home, mobility, protection, travel, sport and leisure. The company aims to provide the best market opportunities in order to help promote a new consumption model that is more enduring and committed to sustainability.

Anyone interested can review available offers online, buy a product or contract a service and access convenient and simple financing offered by CaixaBank. Customers receive their purchases directly at home. Wivai is part of the initiatives launched by CaixaBank and its payment and consumer finance subsidiary CaixaBank Payments & Consumer.

]]>
 

CaixaBank is boosting the digitisation of micro-enterprises, retailers and self-employed workers by supporting them throughout the entire digitisation process with its ‘Digital Kit’, the programme designed by the Spanish Government with NextGenerationEU, the economic recovery package to support the EU member states to recover from the COVID-19 pandemic. All those interested in the programme can make the most of the digital voucher that the bank is offering, which includes the free processing of paperwork to apply for the aid and a wide range of digital solutions and tools based on the customers' needs. In addition, it is providing interest-free financing for the parts not funded by the programme (VAT).

This way, CaixaBank becomes the first financial institution to offer its customers a comprehensive service that covers the entire digitisation process of small enterprises and self-employed workers.

This marketing of digital solutions is framed within CaixaBank's commitment to supporting its customers in projects that helps improve the management, efficiency and competitiveness of their business in the current context, in which digitisation is a key tool to boost their activity.

The aim of the ‘Digital Kit’ programme, which has been funded with over €3 billion, is to boost economic productivity across Spain within the next three years through the digitisation of microenterprises,  SMEs and the self-employed. Thanks to this programme, they will receive a digital voucher for an amount that varies according to the number of employees in each business. The solutions offered by CaixaBank are aimed at businesses classified as of 1-2 workers and 3-9 workers and include digital vouchers for a maximum amount of €2,000 and €6,000, respectively.

For SMEs with 10-49 workers, CaixaBank is offering a team of experts to provide advisory services, analyse their needs and support them throughout the entire process of applying for and processing the paperwork for the ‘Digital Kit’ subsidy. 

Solutions tailored to the needs of each business

Through its branch network and Wivai —CaixaBank Payments & Consumer's e-commerce platform— CaixaBank is making available  both its own digital solutions and those designed by other leading partners to its customers, such as Comercia Global Payments, the bank's subsidiary offering retail services, and Vodafone Business, a digitising agent.

The digitisation solutions provided by CaixaBank are in line with the categories included in the terms of the ‘Digital Kit’: internet presence and website, e-commerce, social media management, business intelligence and analytics, process management, electronic invoicing, secure communications and cybersecurity.

Specifically, customers are offered three digital marketing solutions (website environment and digital presence, e-commerce and social media management) that will them to create their own store front on the internet, start selling online and attract new customers. It also features services that include content creation, product uploading and community manager services.

The cybersecurity kit includes protection software, vulnerability analyses, email, insurance and reports and audits, among others. Digital tools include electronic invoicing, which allows generating invoices in a structured manner; estimates, expense notes and tickets; and digital certificates and signatures. Through Comercia Global Payments, the bank is also offering the POS Tablet as an all-inclusive solution for businesses —featuring a software with a multitude of functionalities suited to every sector, advanced statistics and training and product uploading possibilities— and a handheld order device for restaurants.

Specifically, for the agro-food sector, the ‘Digital Kit’ offers satellite crop monitoring solutions, the drafting of the digital field book and an agronomic management platform featuring agroclimatic data exploitation, cost control, delivery of alerts and information analysis and interpretation.

CaixaBank, the value of specialisation 

Thanks to its specialisation model, with a suite of products and services adapted to suit each sector, CaixaBank is setting the standard for retailers, businesses, the self-employed and entrepreneurs. The bank has specialised areas through which it offers products and services adapted to suit the specific needs of this sector with personal and comprehensive advice, not only through financial support, but by also offering personal advice on everyday business management aspects.

About Wivai

Wivai is an e-commerce platform specialising in offering a selection of novelties that stand out for their high component of innovation and design in technology, home, mobility, protection, travel, sport and leisure. The company aims to provide the best market opportunities in order to help promote a new consumption model that is more enduring and committed to sustainability.

Anyone interested can review available offers online, buy a product or contract a service and access convenient and simple financing offered by CaixaBank. Customers receive their purchases directly at home. Wivai is part of the initiatives launched by CaixaBank and its payment and consumer finance subsidiary CaixaBank Payments & Consumer.

]]>
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<![CDATA[CaixaBank participates in European research consortium to explore new ways of fighting against cyberattacks using artificial intelligence]]> https://blog.caixabank.es/?p=23645 2022-12-30T00:00:00.0Z 2022-12-30T00:00:00.0Z <![CDATA[CaixaBank participates in European research consortium to explore new ways of fighting against cyberattacks using artificial intelligence]]> Working with eleven international entities, CaixaBank has formed a European research consortium to explore ways to improve cybersecurity by leveraging artificial intelligence (AI) and big data. The project, AI4CYBER, is part of the Horizon Europe programme for research and innovation, funded by the European Union.

Over the next three years, CaixaBank has teamed up with Tecnalia,the coordinating committee of the project, the University of Western Macedonia, Thales, Frontedart, Public Power Corporation, ITTI, Hospital do Espírito Santo de Évora, Montimage, Search-Lab, the European Organisation for Security and PDMFC to study new ways of tackling cybersecurity challenges, focusing particularly on the opportunities and risks involved in applying artificial intelligence.

The AI4CYBER consortium's key objective is to design new cybersecurity services to help understand, detect and analyse cyberattacks, as well as prepare critical systems to withstand them. Its results will be aimed at helping system developers and operators to effectively manage security, resilience, including their improved capacity to adapt to adverse situations with positive results, and a dynamic response to advanced cyberattacks.

CaixaBank's main role in the project is to lead the pilot case for testing solutions developed to protect its infrastructure and prevent fraud. As a result of CaixaBank’s participation, AI4CYBER's developments will be tested in a real-life environment of a financial institution. This will allow the participants to study the benefits of the new solutions in terms of incident response times and improve models for detecting anomalies in behavioural patterns.

European research projects

In addition to this consortium, CaixaBank has participated in other European projects part of the Horizon 2020 programme, with almost €80 billion of EU funding over seven years (2014-2020). The European Commission's current funding framework for research and innovation, Horizon Europe, has €95.51 billion available for the 2021-2027 period, and its objective is to guarantee that Europe produces top-tier science and breaks down the barriers to innovation.

CaixaBank has been able to partake in ten winning consortia in recent years, and it has received funding of more than €2.5 million for technological innovation and cybersecurity.

CaixaBank's participation in these projects reaffirms its position as an R&D leader in the financial sector, especially in terms of information security. Furthermore, being part of these international consortia provides the entity with greater coordination in the ongoing improvement of its cybersecurity environment as well as that of the financial sector in general.

Cybersecurity, a strategic priority

Cybersecurity is a priority for CaixaBank, which has rolled out a cybersecurity ecosystem with specialist teams and advanced technology infrastructure to protect digital transactions from security incidents.

The bank invests continuously in new technology in order to meet customer demands, guarantee their growth, adapt to emerging business needs and provide access to information around the clock. As a result, its infrastructure is entirely adapted to the needs of financial management and services to customers. ​

CaixaBank is a pioneer in security research and coordination, with measures such as creating a specialised group for responding to IT security incidents, and a centre that coordinates the overall security of the whole Group. In addition, it is a member of the main cybersecurity research and collaboration international forums.

]]>
Working with eleven international entities, CaixaBank has formed a European research consortium to explore ways to improve cybersecurity by leveraging artificial intelligence (AI) and big data. The project, AI4CYBER, is part of the Horizon Europe programme for research and innovation, funded by the European Union.

Over the next three years, CaixaBank has teamed up with Tecnalia,the coordinating committee of the project, the University of Western Macedonia, Thales, Frontedart, Public Power Corporation, ITTI, Hospital do Espírito Santo de Évora, Montimage, Search-Lab, the European Organisation for Security and PDMFC to study new ways of tackling cybersecurity challenges, focusing particularly on the opportunities and risks involved in applying artificial intelligence.

The AI4CYBER consortium's key objective is to design new cybersecurity services to help understand, detect and analyse cyberattacks, as well as prepare critical systems to withstand them. Its results will be aimed at helping system developers and operators to effectively manage security, resilience, including their improved capacity to adapt to adverse situations with positive results, and a dynamic response to advanced cyberattacks.

CaixaBank's main role in the project is to lead the pilot case for testing solutions developed to protect its infrastructure and prevent fraud. As a result of CaixaBank’s participation, AI4CYBER's developments will be tested in a real-life environment of a financial institution. This will allow the participants to study the benefits of the new solutions in terms of incident response times and improve models for detecting anomalies in behavioural patterns.

European research projects

In addition to this consortium, CaixaBank has participated in other European projects part of the Horizon 2020 programme, with almost €80 billion of EU funding over seven years (2014-2020). The European Commission's current funding framework for research and innovation, Horizon Europe, has €95.51 billion available for the 2021-2027 period, and its objective is to guarantee that Europe produces top-tier science and breaks down the barriers to innovation.

CaixaBank has been able to partake in ten winning consortia in recent years, and it has received funding of more than €2.5 million for technological innovation and cybersecurity.

CaixaBank's participation in these projects reaffirms its position as an R&D leader in the financial sector, especially in terms of information security. Furthermore, being part of these international consortia provides the entity with greater coordination in the ongoing improvement of its cybersecurity environment as well as that of the financial sector in general.

Cybersecurity, a strategic priority

Cybersecurity is a priority for CaixaBank, which has rolled out a cybersecurity ecosystem with specialist teams and advanced technology infrastructure to protect digital transactions from security incidents.

The bank invests continuously in new technology in order to meet customer demands, guarantee their growth, adapt to emerging business needs and provide access to information around the clock. As a result, its infrastructure is entirely adapted to the needs of financial management and services to customers. ​

CaixaBank is a pioneer in security research and coordination, with measures such as creating a specialised group for responding to IT security incidents, and a centre that coordinates the overall security of the whole Group. In addition, it is a member of the main cybersecurity research and collaboration international forums.

]]>
0
<![CDATA[CaixaBank volunteers carry out international cooperation projects in Peru, Mozambique, India and Ethiopia]]> https://blog.caixabank.es/?p=23645 2022-12-28T00:00:00.0Z 2022-12-28T00:00:00.0Z <![CDATA[CaixaBank volunteers carry out international cooperation projects in Peru, Mozambique, India and Ethiopia]]> CaixaBank has launched for the first time the international volunteering programme ‘CooperantesCaixa’, which is aimed at the employees and pensioners of the bank, the Group and the “la Caixa” Foundation, all of which partake in CaixaBank Volunteering.

A total of 30 people have participated in this international cooperation experience carried out throughout the second half of 2022.

The volunteers' contribution has consisted in providing qualified technical assistance to NGOs with development projects in four countries: Peru, Mozambique, India and Ethiopia. The collaboration between the entities and the volunteers has been managed entirely online.

Collaboration with four countries

The ‘CooperantesCaixa’ programme, whose previous editions have been organised by the “la Caixa” Foundation, has involved ten international social entities.

Among them stands out the support to organisations that provide qualified technical assistance aimed at driving the progress of communities. In Peru, the volunteers have worked with the Codespa Foundation, delivering workshops on design, sales, marketing and finances; with Entreculturas, disseminating employment content, events with young entrepreneurs and meetings with young people for job banks; and with Action Against Hunger, offering technical advice on business management for small establishments.

In India, digital marketing plans have been carried out through the ActiónAid association, and comparison tools and instruments for financing microenterprises have been built together with the entity Development Alternatives, within the framework of the employment promotion programme Work4Progress.

In Ethiopia, training on creative communication and storytelling activities have been delivered in collaboration with ACNUR to promote social and behavioural changes through the Mom Project, which is committed to fighting against child malnutrition.

Moreover, in Mozambique, the volunteers have created a business and feasibility plan as well as a digital marketing and communications strategy plan with the NGO Enraiza Derechos y Cesal. Together with Ayuda en Acción, they have also designed microenterprise management and marketing processes. Lastly, a skills development plan for undergraduates is being designed in collaboration with the Aga Khan Foundation; this is the only project that is still in development, and it is expected to be completed by mid-January.

About CaixaBank's Social Action

CaixaBank is an organisation with a far-reaching social vocation. The bank is a benchmark in sustainable banking and has an attitude of serving its customers and wider society.

In its response to the challenges demanded by society, among other measures, the bank fosters social action initiatives and corporate voluntary work, whilst it also offers services and solutions for all kinds of people through its financial activity.

The strategy for Social Action is aimed at promoting joint projects with the "la Caixa" Foundation, as well as other partnerships directly promoted by CaixaBank. Thanks to its territorial capillarity, the CaixaBank branch network, which is the largest in Spain with presence in 2,234 municipalities, can support the "la Caixa" Foundation in detecting the needs of local social organisations. 

CaixaBank’s sustainable activities have been recognised by leading international bodies. The Dow Jones Sustainability Index ranks it among the best banks in the world in terms of sustainability. Similarly, the international organisation CDP acknowledges CaixaBank as the leading bank in the struggle against climate change.

 

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CaixaBank has launched for the first time the international volunteering programme ‘CooperantesCaixa’, which is aimed at the employees and pensioners of the bank, the Group and the “la Caixa” Foundation, all of which partake in CaixaBank Volunteering.

A total of 30 people have participated in this international cooperation experience carried out throughout the second half of 2022.

The volunteers' contribution has consisted in providing qualified technical assistance to NGOs with development projects in four countries: Peru, Mozambique, India and Ethiopia. The collaboration between the entities and the volunteers has been managed entirely online.

Collaboration with four countries

The ‘CooperantesCaixa’ programme, whose previous editions have been organised by the “la Caixa” Foundation, has involved ten international social entities.

Among them stands out the support to organisations that provide qualified technical assistance aimed at driving the progress of communities. In Peru, the volunteers have worked with the Codespa Foundation, delivering workshops on design, sales, marketing and finances; with Entreculturas, disseminating employment content, events with young entrepreneurs and meetings with young people for job banks; and with Action Against Hunger, offering technical advice on business management for small establishments.

In India, digital marketing plans have been carried out through the ActiónAid association, and comparison tools and instruments for financing microenterprises have been built together with the entity Development Alternatives, within the framework of the employment promotion programme Work4Progress.

In Ethiopia, training on creative communication and storytelling activities have been delivered in collaboration with ACNUR to promote social and behavioural changes through the Mom Project, which is committed to fighting against child malnutrition.

Moreover, in Mozambique, the volunteers have created a business and feasibility plan as well as a digital marketing and communications strategy plan with the NGO Enraiza Derechos y Cesal. Together with Ayuda en Acción, they have also designed microenterprise management and marketing processes. Lastly, a skills development plan for undergraduates is being designed in collaboration with the Aga Khan Foundation; this is the only project that is still in development, and it is expected to be completed by mid-January.

About CaixaBank's Social Action

CaixaBank is an organisation with a far-reaching social vocation. The bank is a benchmark in sustainable banking and has an attitude of serving its customers and wider society.

In its response to the challenges demanded by society, among other measures, the bank fosters social action initiatives and corporate voluntary work, whilst it also offers services and solutions for all kinds of people through its financial activity.

The strategy for Social Action is aimed at promoting joint projects with the "la Caixa" Foundation, as well as other partnerships directly promoted by CaixaBank. Thanks to its territorial capillarity, the CaixaBank branch network, which is the largest in Spain with presence in 2,234 municipalities, can support the "la Caixa" Foundation in detecting the needs of local social organisations. 

CaixaBank’s sustainable activities have been recognised by leading international bodies. The Dow Jones Sustainability Index ranks it among the best banks in the world in terms of sustainability. Similarly, the international organisation CDP acknowledges CaixaBank as the leading bank in the struggle against climate change.

 

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<![CDATA[CaixaBank creates a diversity advisory committee to harness the vision of leading female corporate executives in its equality initiatives]]> https://blog.caixabank.es/?p=23645 2022-12-27T00:00:00.0Z 2022-12-27T00:00:00.0Z <![CDATA[CaixaBank creates a diversity advisory committee to harness the vision of leading female corporate executives in its equality initiatives]]>  

CaixaBank has created a diversity advisory committee whose purpose is to provide new perspectives to encourage diversity and equal opportunity in all of the Bank's areas of activity, both internal and external.

The committee consists of leading executives in their respective fields, five of whom are independent of the bank and associated with preeminent companies in their sectors: Koro Castellano, Director of Amazon Prime Video in Spain; Vanina Farber, economist and political scientists who teaches Social Innovation at the Swiss business school IMD; Carmina Ganyet, Corporate General Manager at Colonial; Therese Jamaa, Vice-President of Huawei Spain; and Teresa Sanjurjo, Director of the Princess of Asturias Foundation. Representing CaixaBank on the committee are Juan Alcaraz, Managing Director of Business; David López, Director of Human Resources; and Anna Quirós, Director of Culture and Development.

The creation of an advisory body exclusively dedicated to diversity, a pioneering initiative for a large business in Spain, is part of CaixaBank's commitment to encourage diversity and inclusion in all its activity, both internally, within its organisation and professional teams, and externally, through initiatives directed at its customers and society at large. This commitment boasts significant acclaim; in fact, CaixaBank is among the top five companies in the world in Bloomberg's Gender Equality Index 2022.

The committee members will meet every four months to offer CaixaBank their vision and experience on essential matters to promote diversity. The topics they will periodically consider include, for example, strategies to boost the presence of women in managerial posts; initiatives to showcase CaixaBank's diversity policies internally and externally; how to promote an inclusive culture within an organisation; identifying bias; and promoting initiatives for inclusion.

Gender equality: a strategic goal

As the end of FY 2021, 41.3% of executive positions were held by women, one of the highest percentages in the sector, and CaixaBank expects to close out 2022 at 41.6%. As part of its 2022-2024 Strategic Plan, the bank has set itself the goal of having women occupy 42% of executive posts in 2024.

In addition to the new advisory committee, the bank has various instruments and initiatives created to boost diversity, such as Wengage, a Group-wide project developed by people from every area of the organisation that relies on meritocracy and on promoting equal opportunity. Wengage includes initiatives to promote diversity, such as women mentoring women, through which the female executives at the Group advise other women on their careers. Wengage also implements external activities for customers and for society intended to promote diversity and equal opportunity in several areas: leadership and entrepreneurship, innovation and education, sport and rural settings.

In addition, CaixaBank has an Equality Plan to promote the principles of equal opportunity and the diversity of work teams, to enhance the presence of women in managerial positions, and to reinforce measures to balance personal and professional life. The plan features the scope of gender in managerial development programmes and in recruitment and training processes, and the fostering of teleworking and flexibility.  

The company's Board of Directors also boasts one of the highest ratios on the IBEX35, with 40% of the directors being women.

Acknowledging the commitment to diversity

In addition to being recognised by the Bloomberg Equality Index, CaixaBank has earned significant accolades in the field of equality, such as the Equality in the Company Seal, managed by the Instituto de la Mujer, and the Family-Friendly Certificate presented by the Másfamilia Foundation. It has received recognition elsewhere, such as for the 25th anniversary of the FEDEPE Award (the Spanish Federation of Female Managers, Executives, Professionals and Entrepreneurs). Furthermore, in 2020 the Fundación para la Diversidad granted CaixaBank the award for the best practice of a major corporation for its diversity programme Wengage. In addition, CaixaBank ranks first in Spain in the 2021 EWoB Gender Diversity index. It is also part of the new IBEX Gender Equality Index.

CaixaBank is associated with the international programme Target Gender Equality and the Women’s Empowerment Principles, of the United Nations; and the Diversity Charter, promoting equal opportunities and anti-discriminatory measures. It is also a member of Closingap, the cluster that studies the economic impact of gender gaps in Spain.

It is also one of the entities associated with the STEAM Alliance for Female Talent “Girls on the Science Stand”, an initiative led by the Ministry of Education and Vocational Training to promote STEAM careers in girls and young women.

The bank's commitment extends to all the Group companies. As a result, CaixaBank Asset Management has been recognised as a “European leader in gender diversity” for the second year in a row, and as the "Asset Manager with the best gender representation" for the first time in the category of firms with 20-50 managers at Citywire magazine's Gender Diversity Awards.

]]>
 

CaixaBank has created a diversity advisory committee whose purpose is to provide new perspectives to encourage diversity and equal opportunity in all of the Bank's areas of activity, both internal and external.

The committee consists of leading executives in their respective fields, five of whom are independent of the bank and associated with preeminent companies in their sectors: Koro Castellano, Director of Amazon Prime Video in Spain; Vanina Farber, economist and political scientists who teaches Social Innovation at the Swiss business school IMD; Carmina Ganyet, Corporate General Manager at Colonial; Therese Jamaa, Vice-President of Huawei Spain; and Teresa Sanjurjo, Director of the Princess of Asturias Foundation. Representing CaixaBank on the committee are Juan Alcaraz, Managing Director of Business; David López, Director of Human Resources; and Anna Quirós, Director of Culture and Development.

The creation of an advisory body exclusively dedicated to diversity, a pioneering initiative for a large business in Spain, is part of CaixaBank's commitment to encourage diversity and inclusion in all its activity, both internally, within its organisation and professional teams, and externally, through initiatives directed at its customers and society at large. This commitment boasts significant acclaim; in fact, CaixaBank is among the top five companies in the world in Bloomberg's Gender Equality Index 2022.

The committee members will meet every four months to offer CaixaBank their vision and experience on essential matters to promote diversity. The topics they will periodically consider include, for example, strategies to boost the presence of women in managerial posts; initiatives to showcase CaixaBank's diversity policies internally and externally; how to promote an inclusive culture within an organisation; identifying bias; and promoting initiatives for inclusion.

Gender equality: a strategic goal

As the end of FY 2021, 41.3% of executive positions were held by women, one of the highest percentages in the sector, and CaixaBank expects to close out 2022 at 41.6%. As part of its 2022-2024 Strategic Plan, the bank has set itself the goal of having women occupy 42% of executive posts in 2024.

In addition to the new advisory committee, the bank has various instruments and initiatives created to boost diversity, such as Wengage, a Group-wide project developed by people from every area of the organisation that relies on meritocracy and on promoting equal opportunity. Wengage includes initiatives to promote diversity, such as women mentoring women, through which the female executives at the Group advise other women on their careers. Wengage also implements external activities for customers and for society intended to promote diversity and equal opportunity in several areas: leadership and entrepreneurship, innovation and education, sport and rural settings.

In addition, CaixaBank has an Equality Plan to promote the principles of equal opportunity and the diversity of work teams, to enhance the presence of women in managerial positions, and to reinforce measures to balance personal and professional life. The plan features the scope of gender in managerial development programmes and in recruitment and training processes, and the fostering of teleworking and flexibility.  

The company's Board of Directors also boasts one of the highest ratios on the IBEX35, with 40% of the directors being women.

Acknowledging the commitment to diversity

In addition to being recognised by the Bloomberg Equality Index, CaixaBank has earned significant accolades in the field of equality, such as the Equality in the Company Seal, managed by the Instituto de la Mujer, and the Family-Friendly Certificate presented by the Másfamilia Foundation. It has received recognition elsewhere, such as for the 25th anniversary of the FEDEPE Award (the Spanish Federation of Female Managers, Executives, Professionals and Entrepreneurs). Furthermore, in 2020 the Fundación para la Diversidad granted CaixaBank the award for the best practice of a major corporation for its diversity programme Wengage. In addition, CaixaBank ranks first in Spain in the 2021 EWoB Gender Diversity index. It is also part of the new IBEX Gender Equality Index.

CaixaBank is associated with the international programme Target Gender Equality and the Women’s Empowerment Principles, of the United Nations; and the Diversity Charter, promoting equal opportunities and anti-discriminatory measures. It is also a member of Closingap, the cluster that studies the economic impact of gender gaps in Spain.

It is also one of the entities associated with the STEAM Alliance for Female Talent “Girls on the Science Stand”, an initiative led by the Ministry of Education and Vocational Training to promote STEAM careers in girls and young women.

The bank's commitment extends to all the Group companies. As a result, CaixaBank Asset Management has been recognised as a “European leader in gender diversity” for the second year in a row, and as the "Asset Manager with the best gender representation" for the first time in the category of firms with 20-50 managers at Citywire magazine's Gender Diversity Awards.

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0