Corporate Responsibility: Alliances and Initiatives

Alliances and Initiatives

UNITED NATIONS GLOBAL COMPACT

Ibercaja is a signatory to and shares the objectives of the United Nations Global Compact with regards to ethical management based on its proposed Ten Principles. 
As signatories, we are committed to making progress in the implementation of corporate social responsibility and communicating this progress in the Progress Reports that are part of our Sustainability Reports.

SPAINSIF   

Ibercaja Pensión, as a pension-fund manager, is one of the 32 founding organisations of the Spainsif initiative.
In terms of Socially Responsible Investing (SRI), its activities include the following:
  1. Promoting SRI in order to generate demand and supply in Spain.
  2. Communicating an open, independent vision of the different issues affecting promotion of SRI in Spain.
Preparing a strategic plan with three-year objectives (reviewed annually) to promote SRI in Spain.

CHARTER OF PRINCIPLES FOR RESPONSIBLE BANKING  

Through Ibercaja Pensión, we are among the 19 Investment Manager Signatories to the charter.

As institutional investors, we are committed to the Six Principles of responsible investment as long as they are compatible with our fiduciary responsibility, and we commit to acting in the best long-term interests of our clients while taking into account environmental, social and corporate governance-related issues that could potentially affect the performance of our investment portfolio.

 
     

SOCIAL HOUSING FUND (FSV) AGREEMENT

This Social Housing Fund complies with the Governmental Order included in Royal Decree-Law 27/2012 on urgent measures to strengthen the protection of mortgage debtors.

Find out more information.
 
 

NATIONAL PLAN AND SPANISH NETWORK OF FINANCIAL EDUCATION


Ibercaja is a signatory to this initiative, which aims to promote better awareness of banking practices and the consequences of acquiring a banking product:
  • Finance for all is an initiative promoted by the National Securities Market Commission (Comisión Nacional del Mercado de Valores – CNMV) and the Bank of Spain.
  • The Spanish financial education network promoted by the Spanish Federation of Savings Banks (Confederación Española de Cajas de Ahorro – CECA.

FORÉTICA

As member of Forética, a lever to enhance responsible management, Ibercaja takes part in the main forums where recent trends on sustainability are being debated and best practices from leading companies in social responsibility are shared.
 
        
      
 
Additionally, Ibercaja is part of the 42 early members that created “Clúster de Transparencia, Integridad y Buen Gobierno”. This cluster is the business platform coordinated by Forética in Spain aiming to be a meeting point for leadership, knowledge, and discussion concerning responsible management.
 
Forética is the leading association of companies and professionals in corporate social responsibility/sustainability in Spain and Latin America. Its mission is to encourage integration of social and environmental and good governance aspects in corporate and organizational strategy and management.
 
 
 

CODE OF GOOD PRACTICES

Ibercaja Banco, S.A. has adhered to the Code of Good Practices, which is referred in Royal Decree Law 6/2012 of 9 March on urgent measures to protect mortgage debtors without resources, in the wording given by Royal Decree Law 5/2017 of 17 March which amends Royal Decree Law 6/12 of 9 March, of urgent measures to protect mortgage debtors without resources and Law 1/2013 of 14 May, of measures to reinforce the protection of mortgage debtors, debt restructuring and social renting.