As a benchmark in sustainable banking, we have strengthened responsible business management and progressed in integrating social and environmental criteria into our activity, ensuring best practices in our internal control and corporate governance.
CaixaBank adapted the current structure of its governing bodies in 2021, with the renaming of the Appointments Committee to the Appointments and Sustainability Committee. This body is responsible for supervising the entity's performance in the area of sustainability and for reviewing and proposing to the Board the approval of policies, declarations and standards that develop its sustainability strategy.
Proposes the Group's risk policy to the Board, including issues relating to ESG (Environmental, Social and Corporate Governance).
It ratifies the effectiveness of internal control systems and oversees the integrity of non-financial information.
All three belong to the Board of Directors, the highest decision-making body, except in matters reserved for the General Meeting. It ensures that the Group complies with current legislation, fulfils its obligations and contracts in good faith, respects customs and good practices of the sectors and territories in which it operates, and observes voluntarily accepted principles of social responsibility. Go to the Regulations of the Board of Directors.
The Sustainability Committee reports to this Committee, which is responsible for approving the main lines of action in the field of sustainability.
Comprehensively monitors the possible sustainability risks that the group may incur, in order to control and manage them and ensure compliance with the sustainability strategy.
In view of the growing relevance of all elements of sustainability, and the creation of a new Sustainability Directorate in April 2021, the Management Committee approved the creation of the Sustainability Committee.
This high-level committee reports to the Management Committee. It developed from the Environmental Risk Management Committee, created in 2019, and takes over sustainability/CSR-related functions from the Corporate Responsibility and Reputation Committee of 2015.
Its mission is to help CaixaBank be recognised for its excellent sustainability management.
It meets monthly and is made up of managers from different areas of the bank: Sustainability; General Business Division; CIB and International Banking; Compliance and Control; General Risks Division; Communication and Institutional Relations; Finance; Accounting, Management Control and Capital; General Secretariat; Resources; Human Resources; Internal Audit; CaixaBank Asset Management; VidaCaixa; BPI and ImaginTech.
The Sustainability Department functions include coordinating the definition, updating and monitoring of the Group's sustainability strategy, as well as updating CaixaBank's Sustainability Action Principles, which are applicable to all employees, executives and members of the governing bodies, ensuring transparency, independence and good governance of the entity and safeguarding the interests of people and our territory.
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