Sustainability: Annual Reports

Annual Reports
 


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This consolidated Directors' Report brings together all material financial and sustainability information for the Ibercaja Group for the year ended 31 December 2021. This offers all stakeholders the best and most complete information available, in a completely transparent way. This report presents a global vision of the Bank's strategic lines, activities, business model and financial results, together with comprehensive information on our commitment to sustainability, covering environmental, social, human resources, governance human rights, and corruption and bribery issues. Our Bank is fully engaged with society. We have been operating for over 148 years and are deeply committed to sustainable development. That is why we are working hard to integrate environmental, social and governance (ESG) aspects into our business and strategy
 
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.
 
Consolidated Directors Report for 2021
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