Sustainability: Annual Reports

 

  This Report highlights our commitment to responsibility, caring for the environment and fostering economic, social and regional development, with people at the heart of everything we do. We are bolstering our values of availability, professionalism, commitment, excellence, robustness and adaptability to meet the current and future needs of our stakeholders, always based on our corporate purpose: helping people to build their own life stories, because they will form our history.
 
Ibercaja prepares its non-financial reporting in accordance with the Global Reporting Initiative (GRI) Standards.
 
This also acts as a Progress Report, summarising the actions undertaken to achieve the ten principles of the United Nations Global Compact with regard to human and employment rights, the environment and the fight against corruption.
 
It also includes the second implementation report on the United Nations Principles for Responsible Banking, which Ibercaja signed in 2019, and progress on reporting climate-related information, in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), which Ibercaja became a member of in 2019.
 
This report meets the new requirements under Regulation (EU) 2020/852, known as the Taxonomy Regulation, which aims to help in the creation of an equitable economy that can create employment more fairly, through definition of the economic activities that can be considered sustainable from an environmental perspective.
 
In 2021, Ibercaja performed a new materiality analysis applying the double materiality approach under the European Non-Financial Reporting Directive, in order to identify and prioritise the material issues for the organisation and its stakeholders, and ensure alignment with the new Strategic Plan for 2021-2023.