ESG risk management and governance (Environmental, Social and Corporate Governance)
CaixaBank manages its business, products and services within the framework of its commitment to respect people and local communities. It coherently supports the most environmentally friendly initiatives and projects that contribute to prevent, mitigate and respond to climate change.
One of CaixaBank's objectives is to apply and integrate its procedures and tools for identifying, assessing, and following up on the environmental risks derived from its activity with customers and transactions to be applied and integrated in its standard risk, compliance and operations processes.
The company has a specialised team for environmental risk management which includes the following courses of action:
Define and manage an internal environmental risk management plan in accordance with the Group's strategy.
- Define and manage the implementation of a frameworkof sectorial concessions and management policies to allow us to maintain a risk profile in line with said strategy.
- Monitor actions and operations with a significant potential impact on climate and environmental risk.
- Incentivise practices to mitigate climate and environmental risks taken on as a result of its portfolios or actions across the board.
- Promote the development of systems to identify and measure its exposure to climate and environmental risk, in accordance with the regulatory framework, social awareness of these risks and the best market practices.