Sustainability: Annual Reports

This consolidated Management Report brings together in a single document all the relevant financial and sustainability information of the Ibercaja Group for 2022. The report as a whole provides an overview of the strategic lines, activities, business model and financial results, as well as extensive information on our commitment to sustainability (environmental, social, governance, human rights, anti-corruption and anti-bribery).

Ibercaja is a bank that is fully engaged with society. We have been operating for over 150 years and are deeply committed to sustainable development. It is therefore working steadily to integrate ESG aspects into its strategy and business.
 
This report highlights its firm commitment to responsibility, care for the environment and the promotion of economic, social and territorial development, with a focus on people. Its values of closeness, professionalism, commitment, excellence, solidity and capacity to adapt are strengthened in order to respond to the current and future needs of its stakeholders, based on its corporate purpose: to help people build the story of their lives, because it will be our story.

The GRI (Global Reporting Initiative) guidelines have been used as a reference while preparing the report. It is also intended to serve as a Progress Report, which includes the actions carried out to achieve the implementation of the 10 Principles of the United Nations Global Compact in the areas of human and labour rights, the environment and anti-corruption.

It also includes the 3rd Report on the implementation of the United Nations Principles for Responsible Banking, signed by Ibercaja in 2019, as well as the progress made in the reporting of climate-related information following the recommendations of the TCFD (Task Force on Climate-Related Financial Disclosures), to which Ibercaja adhered in the same year.

This document also responds to the requirements of Regulation (EU) 2020/852 on Taxonomy, which aims to help create a fairer economy capable of generating employment in an equitable way, by defining those economic activities that can be considered environmentally sustainable.

In 2021 Ibercaja prepared a new materiality analysis in line with the dual materiality approach of the European Non-Financial Reporting Directive, in order to identify and prioritise the relevant issues for the organisation and its stakeholders, thus ensuring alignment with the new Strategic Plan in force for 2021-2023. In this regard, during 2022 Ibercaja updated the 2021 financial year, advancing in the GRI requirements and conducted an analysis and assessment of the importance of the Bank's impacts.