Ibercaja
Environmental Initiatives
Ibercaja's commitment to sustainability stems from our Corporate Purpose: "Helping people build the history of their lives". It is ours why, the driving axis of our strategy closely linked to our DNA, our mission, vision and values.
OUR CHALLENGE: to generate business and SOCIAL benefit by being sensitive to the care of our ENVIRONMENT and being aware of the great contribution we can make as a company to, among all, move towards a better world for future generations.
Ibercaja is a signatory to the Global Compact and therefore supports the UN 2030 Agenda and publicizes the 17 Sustainable Development Goals (SDGs). It has worked on the analysis and identification of the SDGs on which it has the greatest impact, relating its main actions with the impacted objectives. As a result, Ibercaja Banco is primarily committed to the following objectives:
Our role as a driving entitty for actions for the environment leads us to carry out awareness-raising actions, both internal and external, to extend our commitment to the whole of society.
OBJEcTIVeS:
- Carbon Neutral Commitment.
Reduce our calculated carbon footprint and offset CO2 emissions that could not be avoided. - Extend environmental commitment to the Value Chain.
Make progress in integrating environmental criteria in the entity's supplier approval system. - Promote the circular economy and recycling.
Minimise environmental impact from a life-cycle perspective through responsible use of resources and efficient waste management.
main environmental initiatives:
Ibercaja Banco has been calculating its carbon footprint since 2016, which includes scopes 1 (direct emissions), 2 (electricity consumption) and partially 3 (use of pouch courier service and employee travel for work purposes). The Carbon Footprint Report includes the inventory of greenhouse gas emissions generated in our corporate activity, measured in tCO2e, and the actions taken to reduce them. This report is verified annually by an external auditor in accordance with the International Standard on Assurance Engagements ISAE 3410.
Our commitment is to reduce our footprint as much as possible and offset all direct emissions that we have been unable to avoid through projects with positive environmental and social impacts that meet the most rigorous international standards of the Voluntary Carbon Market.
Since 2020, all the electricity consumed in Ibercaja has come from renewable energy sources, as accredited by the supplier company through a certificate of guarantee of origin from the National Energy Commission (CNE).
We registered our carbon footprint in the Carbon Footprint, Offset and Carbon Dioxide Absorption Projects Register of the Spanish Office for Climate Change (OECC) within the Ministry for the Ecological Transition and Demographic Challenge and have renewed the "Calculo-Reduzco" (I calculate/I reduce) stamp since 2019.
The renewal of the stamp reflects the Bank's efforts and commitment to the fight against climate change and is part of the Purpose and Sustainability initiative of Ibercaja Banco's 2021-2023 Strategic Plan, which promotes the goal of also being carbon neutral in its loan book and investment portfolio by 2050.
Within the Environmental Management System framework, the entity assumes the responsibility of extending its environmental commitment to suppliers, and we treat this aspect as one of our environmental objectives.
We are working to reduce the use of single-use plastic and replace it with more sustainable alternatives. In this regard, Ibercaja has an Environmental Team comprising 20 volunteer employees who promote and encourage practices aligned with the commitment to the environment.
We promote circularity models through reusing furniture, proper waste segregation, recycling and energy recovery.
We strive to reduce the amount of waste not collected selectively by gradually extending this practice to our branch network.
We are also making improvements to office supplies and looking for sustainable solutions. As an example, ONE bank cards made from recycled material began to be marketed in 2020.
We carry out various awareness-raising activities to increase knowledge and awareness among employees about the importance of the Circular Economy.
