Environmental strategy

At CaixaBank, we consider it essential to accelerate the transition to a low-carbon economy that promotes sustainable development and is socially inclusive. In this regard, we have an Environmental Strategy and we work systematically in order to contribute to this transition through financing and investing in sustainable projects, managing climatic risk and reducing the direct impact of our operations.

Areas of action

Enviromental Strategy:
Lines of action
1
2
3
Driving the sustainable business
Generating green production (climate-friendly)
Integrating ESG risks into risk management
Managing ESG and climate risks
Minimising the impact on the environment
Reducing the carbon footprint through environmental efficiency and carbon offsetting initiatives
4
Public commitment
Statement on climate change
5
Transparency
Reporting to the markets

Governance

The Board of Directors is the most senior authority when it comes to establishing CaixaBank's business strategies, risk strategy and risk management policies, including on environmental issues. It is aided in its endeavours by the delegate Risks and Appointments Committees.

We have two committees under the supervision of the Management Committee, both tasked with coordinating the implementation of our environmental strategy: the Environmental Risk Management Committee and the Corporate Responsibility and Reputation Committee, which in turn oversees the Environment Committee.

Commitment

Statement on CaixaBank approach to climate change

Climate change is one of the biggest challenges that the planet faces, with ramifications for the environment, society and the economy. It is a source of physical hazards and a driving force behind a transition taking place in society, as well as offering opportunities for countries, businesses and people. In this context, we consider it essential to accelerate the transition to a low-carbon economy that promotes sustainable development and is socially inclusive.

Financial institutions have a key role to play in achieving the objectives of the Paris Agreements and the Sustainable Development Goals, both directly through our own operations and indirectly through our relationships with customers, subsidiaries and investee companies, commercial partners and the value chain.

Our objective is to contribute to the transition to a low-carbon and socially-just economy, as well as to promote sustainable development and economic growth.

View CaixaBank's statement on climate change