ESG Bonds refer to Green, Social and Sustainable Bonds. They are bonds in which the use of funds has a positive environmental, social or environmental and social impact, respectively.
In 2020, we participated in the placement of 6 issues of green bonds for investment in environmentally sustainable assets with a total volume of EUR 4,700 million. We also participated in the placement of 4 issues of sustainable bonds amounting to EUR 1,700 million.
It is important to note that, in July 2019, the CaixaBank Board of Directors approved the Framework for Issuing of Bonds linked to the Sustainable Development Goals, in line with the Sustainable, Green and Social Bond Principles.
In 2020, at CaixaBank, we issued our second Social Bond and our first Green Bond, each for the amount of EUR 1,000 million.