Alliances and Initiatives - Corporate Website

alianza net zero banking

Ibercaja is a founding member of the Net-Zero Banking Alliance (NZBA), an initiative promoted by the United Nations Environment Programme Finance Initiative, which aims to achieve the decarbonisation of credit and investment portfolios by 2050 to meet the goals of the Paris Agreement.

In its commitment to sustainable development and in response to the NZBA commitments, Ibercaja has set intermediate decarbonisation targets for its loan portfolio for 2030 to achieve greenhouse gas emission neutrality by 2050.

This alliance encompasses 40% of the world's banking assets and joins other existing initiatives, such as the Net-Zero Asset Managers and the UN Net-Zero Asset Owner Alliance, to advance the decarbonisation of the economy.

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