Sustainability: Alliances and Initiatives

Alliances and Initiatives




alianza net zero banking

Ibercaja is one of the founding members of the Net Zero Banking Alliance (NZBA) led by the banking sector, sponsored by the UN and co-launched by the UNEP (United Nations Environment Program) and the Financial Services Working Group of Sustainable Markets´ Initiative, to lead the transition to a low-carbon global economy

In its solid commitment to sustainability, Ibercaja joins this initiative that aims to mobilize the trillions of dollars necessary to build a global economy with zero net emissions and meet the objectives of the Paris-Agreement.

Ibercaja is committed to achieving emissions neutrality of its loans and investment portfolios for 2050 or earlier.

NZBA bring together an initial group of 43 of the world´s leading banks, with assets worth $28.5 trillion. The NZBA joins to existing initiatives: the Net-Zero Asset Managers Initiative and the Net-Zero Asset Owner Alliance by the UN.

                

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

SUSTAINABLE DEVELOPMENT GOALS

Ibercaja promotes the United Nations Sustainable Development Goals. The Entity´s commitment is materialized through a plan focused on Health and Well-being, Education, Gender Equality, Decent Wok and Economic Growth, Industry, innovation and infrastructure, Climate Action and Alliances to achieve the objectives.

Aware of its role as a driver of change through its activity, Ibercaja promotes socially responsible investment, including ESG criteria (environmental, social and governance) in its investments and risk management and improving the mobilizations of the necessary capital towards sustainable activities.

CHARTER OF PRINCIPLES FOR RESPONSIBLE BANKING

In November 2019 Ibercaja signed the United Nations Principles for Responsible Banking, becoming part of a coalition of banks worldwide whose purpose is to promote and encourage the sustainable development of the economy.

Our adhesion was a decisive step in our commitment to sustainability and our Purpose of Helping people to build their life story, aligning strategy with long-term objectives that integrate social and environmental challenges, and identifying our highest potential contribution.

We are aware of the important role we play as a financial institution and therefore promote socially responsible investment, encouraging the mobilization of capital towards sustainable activities.
The Principles for Responsible Banking also establish the framework for identifying business risks and opportunities in the transition to a sustainable economy and a guideline that focuses the path to be followed by the Ibercaja Group and Ibercaja Foundation

09-22-21 WE CELEBRATE THE 2ND ANNIVERSARY OF THE SIGNING OF THE UNITED NATIONS PRINCIPLES FOR RESPONSIBLE BANKING

   
 

We participate among the management entities by signing with Ibercaja Pension as one of the 19 Investment Manager Signatories.

As institutional investors, we are committed with the 6 principles for responsible investments inasmuch as they are compatible with our fiduciary responsibility, having the duty of acting in the best interests in the long term for our beneficiaries, considering social, environmental and governance factors that could affect the performance of the investment portfolios.


   

TCFD

Ibercaja has joined the TCFD. Working Group on Climate-Related Financial Disclosures, recommends some general elements on which organizations should focus on Risk Management, in the face of climate change. It is about governance, strategy, risk management itself, metrics and goals.

Ibercaja Banco is a "supporter" of this initiative.
       

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 follow