These are loans linked to ESG (Environmental, Social, Governance) criteria where the conditions will vary depending on the achievement of sustainability objectives. An external adviser assesses and establishes the objectives according to Sustainability Linked Loan Principles.

In 2021 we signed 92 loans with a volume of €10,832 million.

These loans have a positive environmental impact, the underlying aspects of which are eligible projects or assets, including: renewable energies, energy efficiency, sustainable transport, waste treatment, reduction of emissions and sustainable building, which comply with the principles of the Green Loan Principles (GLP) issued by the Loan Market Association.

In 2021 we participated in 36 green loans for a total of €1,625 million.

At CaixaBank, we invest in the sustainable growth and development of the world we share, financing renewable energy projects.

In 2021 we participated in the financing of 29 projects amounting to €1,706 million, which has been translated into 6,350 MW of installed renewable energy.

Portfolio exposure renewable energy:

• Wind: 41%
• Photovoltaic: 47%
• Thermosolar: 9%
• Others: 3%

As part of our commitment to combating climate change, we finance energy-efficient buildings.

Operations with supporting documentation in the form of a certificate with an energy efficiency rating of A or B are considered environmentally sustainable. At CaixaBank, we are adapting our information systems and lending processes with the aim of collecting information and documentation related to the energy certificate when formalising operations. In addition, we also include the envisaged energy information of housing developments. The developments formalised in 2021 include operations for €1,151 million with an energy efficiency rating of A or B and €280 million in Real Estate.

At CaixaBank we want to contribute to promoting sustainable investments that will raise resource efficiency and/or reduce the related environmental impacts. To that end, we have a specific offering of personal ecoMicrocredits and ecoLoans to finance:

• Purchase of efficient vehicles and domestic appliances
• Home improvements to increase energy efficiency

Furthermore, we finance projects in connection with the efficient use of water, renewable energies, waste management, energy efficiency, organic farming and development of rural communities through ecoFinancing lines for the agricultural sector.

In 2021 we granted 919 loans for €61 million linked to ecoFinancing lines.

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 2021, we participated in the placement of 9 issues of green bonds for investment in environmentally sustainable assets with a total volume of EUR 5,536 million. We also participated in the placement of 5 issues of sustainable bonds amounting to EUR 5,000 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 2021, CaixaBank issued three green bonds, besides the inaugural green bond issued in 2020. The €2,582 million acquired through these three bonds issued in 2021 have been allocated to funding projects that promote two of the Sustainable Development Goals (SDG): SDG 7, Affordable and Clean Energy; and SDG 9, Industry, Innovation and Infrastructure.

In 2021, CaixaBank also issued its third social bond for €1,000 million, and in January 2022 a fourth social bond was issued for another €1,000 million. The aim of these third and fourth social bonds is to finance activities and projects that aid in the fight against poverty, promote education and welfare and foster economic and social development in the most underprivileged areas of Spain.