The social impact of our company is significant but we want to go one step further adding to our commercial offer highly sensitive social investment products that take into account environmental, ethical, social and corporate governance factors and lead to an increase in social impact.
As a result of this commitment to sustainable investing, we have launched one of the first individual pension plans in Spain within this category, which not only follows sustainable investment principles, but it also donates part of the management fee to social and environmental projects.
Socially responsible investing is an investment strategy that takes into account the social, environmental and corporate governance profile of the companies in the portfolio, in addition to the traditional fundamental analysis of the business (based on the review of the balance sheet, P&L account, strategy…). Investors that follow this strategy consider that it helps to prevent risks and to detect more investment opportunities.
Those companies with a more solid, independent corporate governance structure, those which develop a human resources strategy with the capacity to retain and attract talent, those that contribute to the development of the local communities where they operate and those that properly manage their environmental risks, will have competitive business advantages over those companies that do not. These competitive advantages make these companies more attractive to investors, which will ultimately result in a better pricing of their fixed income and equity transactions.
Pension Plans are leading the development of sustainable investing in Spain, mainly in pension funds sponsored by companies. As a result of this trend, Ibercaja Pensión, Ibercaja Banco’s pension fund manager, has taken important steps in this area in recent years.
Ibercaja Pensión has implemented a socially responsible investment policy that establishes the framework of the company’s conduct in this matter, and prohibits investment in companies that manufacture or market controversial weapons: e.g. cluster bombs, antipersonnel mines and chemical and bacteriological weapons.
Ibercaja Pensión follows the environmental, social and corporate governance performance of companies in which it invests via the extra-financial analysis it obtains from specialist companies in the field.
Ibercaja Pensión has demonstrated its commitment to Socially Responsible Investment by supporting the United Nations Principles for Responsible Investment and by its participation in the Spanish forum that promotes the development of sustainable investing in Spain, Spainsif, being one of its founder members..
The progress of Ibercaja Pensión in developing socially responsible investment is documented according to the United Nations Principles for Responsible Investment in its Annual Report.
As a result of this commitment to sustainable investing, Ibercaja has launched one of the first individual pension plans in Spain whitin this category, Ibercaja Sustainable and Solidarity Pension Plan. This plan, in addition to following sustainable investment principles, donates part of the management fee to social and environmental projects.