Environmental management

Our commitment

At CaixaBank, we protect the environment when we are performing our activities. We implement the best environmental and energy practices in accordance with our Environmental and Energy Management Principles .

Our 2019-2021 Environmental Management Plan  includes objectives for reducing our impact based on innovation and efficiency. It establishes priority areas for action and details our main initiatives for spreading and promoting good practices. 

2019-2021 Environmental

Management Plan

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Carbon Neutral Strategy

Minimising and offsetting all calculated CO2 emissions

Environmental efficiency measures and certifications

Minimising the bank's impact, implementing new energy saving measures and renewing certifications and environmental commitments

Extending the environmental commitment to the value chain

Action plans for suppliers to assume our environmental values as their own and comply with the acquired commitments

Driving sustainable mobility

Actions encouraging sustainable mobility to minimise the emissions of the company, staff and suppliers

Commitment, transparency and engagement

Engagement actions with employees and reinforcing the commitment and public environmental information

The monitoring of this Plan involves achieving the following objectives for CaixaBank S.A.:

Initiative Purpose Indicators Objective
 2019
Real
 2019
Objective
 2020
Real
 2020
Objective
 2021
Real
 2021

1

Carbon Neutral Project
Minimising and offsetting the carbon footprint Reduced Co2 emissions (v. 2015 -11.50% -50% -20% -64% -34% -64%
Scope 1 -11.50% -71% -20% -82% -40% -83%
Scope 2 -11.50%  -82% -75% -88% -75% -88%
Scope 3 -11.50% -29% -15% -45% -25% -46%
Reduced CO2 emissions offset 100% 100% 100% 100% 100% 100% (en 2022)
100% renewable energy contracted Energy consumed 
from renewable sources
100% 100% 100% 100% 100% 100%

2

Environmental efficiency and certification
Implementation of energy efficiency measures Energy consumption 
savings (v.2015)
-7% -19% -10.50% -33% -15% -24.4%
Renewal of certifications and extension of the perimeter 100% 100% 100% 100% 100% 100%

3

Value chain
Environmental Procurement Plan 
(environmental criteria in purchasing and contracting of 
services and extension of the environmental commitment 
to the value chain)
Categories of 
environmental 
purchases/ Total 
categories of 
environmental 
purchases2
50% 50% 75% 75% 100% 100%

  1. CaixaBank's scope prior to integration with Bankia has been maintained for assessing the closure of the Environmental Management Plan's indicators.
  2. % of procurement categories and contracts with significant environmental impact over which environmental criteria has been included with the aim of reducing their impact.


N.B.: The data for 2020 differ from those provided in the 2020 Consolidated Management Report, since the seasonal nature of the data has been adjusted to the calendar year.

Management of climate change

Financial entities have a key role to play in achieving the objectives of the Paris Agreement and the Sustainable Development Goals (SDG). In February 2019, CaixaBank approved its Climate Change Declaration, which aims to contribute to the transition to a low carbon and socially fair economy, while promoting sustainable economic growth and development.

One of the areas of action in the Climate Change Declaration is to reduce the CO2 emissions from our activities and offset those that cannot be avoided, in accordance with our Carbon Neutral Plan.

Estrategia Carbon Neutral

La Estrategia de la Entidad para alcanzar la neutralidad de emisiones está basada en su medición, la reducción de las mismas y la compensación de las que no podemos evitar

01. Calculation of the entity's carbon footprint

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02. Reduction of CO2 emissions

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03. Offsetting of unavoidable emissions

01. Calculation of our carbon footprint

CaixaBank S.A. prepares an annual inventory of the greenhouse gas (GHG) emissions generated from its activities. This is used to calculate its carbon footprint and establish actions to gradually reduce it.

As of 2021, after the merger with Bankia, the calculation is extended to the entire CaixaBank Group incorporating scope 1 and 2 emissions from subsidiary companies. 




Total emissions generated and per employee

Emissions by scope and source and per employee

 2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff (t CO2e / employee)
2021 9,633 1,025 14,228 24,886 0.49
 2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff (t CO2e / employee)
2021 3,262 280 12,039 15,581 0.57
 2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff (t CO2e / employee)
2020 3,482 266 12,166 15,914 0.58
2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff (t CO2e / employee)
2019 5,511 411 15,737 21,659 0.75
2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff (t CO2e / employee)
2018 8.576 404 18.221 27.200 0,93
2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff  (t CO2e / employee)
2017 13,873 377 20,066 34,316 1.17
2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff (t CO2e / employee)
2016 14,336 616 23,032 37,984 1.28
2015 - 2021 CaixaBank carbon footprint comparison (t CO2e)
Years Scope 1 Scope 2 Scope 3 Total Emissions by average staff (t CO2e / employee)
2015 19,120 2,279 22,297 43,696 1.47
Years Fleet of vehicles, own or leased Heating / Generator groups Refrigerant gas leakage Total Scope 1
2015 2,402 2,402 16,579 19,120
2016 1,688 71 12,578 14,336
2017 1,779 184 11,910 13,873
2018 1,332 123 7,122 8,576
2019 1,315 113 4,082 5,511
2020 955 170 2,357 3,482
2021 1,540 126 1,596 3,262
2021 CaixaBank Group 4,659 1,361 3,612 9,633
Years Electricity Total Scope 2
2015 2,279 2,279
2016 616 616
2017 377 377
2018 404 404
2019 411 411
2020 266 266
2021 280 280
2021 Caixabank Group 1,025 1,025
Years Purchase of goods and services Capital goods Fuel and energy-related activities

Waste production

Corporate travel Commuting Total
Scope
3
2015 10,971 1,548 1,144 91 6,078 2,466 22.297
2016 10,760 2,130 134 96 8,261 1,651 23.032
2017 8,264 2,028 92 76 8,035 1,571 20.066
2018 5,797 2,091 78 91 9,231 932 18.221
2019 3,954 2,448 79 65 8,327 865 15.737
2020 3,822 5,203 70 44 2,785 243 12.166
2021 5,119 3,209 95 17 3,353 247 12.039
2021 CaixaBank Group 6,375 3,209 95 230 4,073 247 14.886

N.B.: Scope 3 does not include category 15, Investments.

ISO 14064 

CaixaBank has reduced its carbon footprint by 85% since 2009.

We calculate our carbon footprint according to the ISO UNE-EN 14064:1-2012 standard, based on "The Greenhouse Gas Protocol" and "Corporate Value Chain (scope 3) accounting and reporting standard". The data are verified annually by an independent certifying body.

02. Reductions

Calculating our carbon footprint enables us to reduce our emissions by improving our management.

03. Offsetting

We offset the unavoidable emissions from our corporate buildings and branch network (scopes 1, 2 and 3)

  • We are a carbon neutral entity. 

In 2018, we became the first bank in Spain, and one of the first in Europe, to offset all of the CO2 emissions from our activities. This means our offsetting objective includes the emissions associated with both our corporate centres and our entire branch network, which is the largest in the financial sector in Spain.

  • We offset the emissions we generate. 

We offset our emissions by purchasing carbon credits (recognised by the Verified Carbon Standard) for projects with positive social and environmental impact, and through the reforestation of two areas in Montserrat, Barcelona and Ejulve, Teruel, the direct benefits of which for the areas will be accounted for over the coming years. 

  • Membership and registrations.

We register our carbon footprint with the Ministry for the Ecological Transition and the Demographic Challenge's Register of carbon footprints, offsetting and carbon dioxide absorption projects   and we have signed up to the Voluntary Agreements Programme  for the reduction of greenhouse gas (GHG) emissions run by the Catalan Office for Climate Change (OCCC).




Register of carbon footprints (MTE)


Voluntary Agreements Programme of Generalitat de Catalunya

Environmental and energy management system

At CaixaBank, we have implemented an environmental and energy management system that allows us to reduce the environmental impact of our activities, ensuring a process of continuous improvement.

Our corporate centre in Barcelona has an environmental and energy management system, under the European EMAS regulations and the ISO 14001 and ISO 50001 standards. The scope of our ISO 14001 certification also includes our 5 most important corporate centres in Valencia and Madrid.

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ENVIRONMENTAL AND ENERGY MANAGEMENT SYSTEM

CONTEXT

  • Internal and external context
  • Expectations of stakeholders

Plan

Establish processes and objectives

Act

Take steps for
on-going
improvement

Do

Implement processes

Verify

Assess performance

ENVISAGED RESULTS

CONTEXT

  • Internal and external context
  • Expectations of stakeholders

ENVISAGED RESULTS

Plan

Establish processes and objectives

Act

Take steps for
on-going
improvement

Amazonas
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ENVIRONMENTAL AND ENERGY MANAGEMENT SYSTEM

Do

Implement processes

Verify

Assess performance

Principles

Enviromental and energy management principles

Declaration on climate change

External certifications

EMAS regulation

ISO 14001

ISO 50001

Supervision

Enviromental Risk Management Committee

Corporate Responsibility and Reputation Committee