Sustainability: Our Commitment to Sustainability


Since April 2021, Ibercaja has been one of the founding members of the Net-Zero Banking Alliance (NZBA), a financial sector initiative promoted by the United Nations that aims to achieve the decarbonisation of credit and investment portfolios by 2050 to make progress towards meeting the goals of the Paris Agreement. The alliance covers 40% of banking assets worldwide.


In compliance with the NZBA commitments, Ibercaja has defined intermediate decarbonisation targets for its credit portfolio for 2030 to achieve greenhouse gas emission neutrality by 2050. These targets are set for three sectors, which are relevant in the fight against climate change: electricity generation, iron and steel production and residential mortgage portfolio.

These targets represent a 37% decrease in the emissions of its loan portfolio in the power generation sector, an intensive industry whose decarbonisation will also act as a lever for other productive sectors.
In the iron and steel sector, Ibercaja aims to reduce emissions intensity by 10%. The sector is currently working on developing new, less emission-intensive iron and steel smelting and processing technologies; Ibercaja will accompany its customers in this transition, supporting them in their decarbonisation and transformation process.
For the mortgage portfolio, Ibercaja is committed to reducing its associated emissions by 16% by 2030, supporting sustainable housing financing and promoting efficiency improvements in homes with lower energy certifications.
In addition, Ibercaja has been carbon neutral since 2020: 100% of the Entity's electricity consumption is from renewable sources, and it invests in offsetting direct emissions (Scope 1) through ZeroCO2 projects. Since 2016, when the Bank started calculating its carbon footprint, it has reduced its emissions by 90%