The international organisation CDP acknowledges CaixaBank as one of the leading companies in the fight struggle against climate change

The international organisation CDP acknowledges CaixaBank as one of the leading companies in the fight struggle against climate change

04 February 2019

• The CDP (Carbon Disclosure Project) is a worldwide reference in processing data on the carbon footprint.

• CaixaBank is one of the few companies that fully neutralises its CO2 emissions.

The organisation CDP has included CaixaBank in the index of global leaders in the struggle against climate change, for the fifth consecutive year. The CDP (Carbon Disclosure Project) is an international non-profit organisation that advises private companies and public bodies on implementing measures aimed at achieving a sustainable economy by measuring the environmental impact of their actions and policies.

Every year, the CDP analyses thousands of companies to draw up its Climate list, which includes those most committed to managing the climate change worldwide. On this occasion, it has provided CaixaBank with an A- rating, which makes it the best-rated Spanish financial institution and the only one included in the highest categories. This acknowledgement consolidates CaixaBank as an international and national leading company, due to its firm commitment towards preventing and mitigating the climate change.

The CDP compiles the actions and strategies of thousands of companies worldwide and provides this information to over 800 institutional investors that manage assets valued at 100 billion dollars. The classifications established by the CDP have become in recent years a benchmark instrument for investors and stakeholders to assess the business actions developed to mitigate the climate change and to determine their degree of readiness in reacting to changes in legislation on emission reduction and market demands.

Alliances and initiatives for the sustainability of the planet

CaixaBank is one of the leading financial institutions in the struggle against climate change on a global level. It has become the first Ibex-35 bank and one of the few European banks to manage to fully neutralise its calculated carbon footprint, including the institution’s indirect emissions.

Since 2007, it is part of the group of financial institutions associated with the Equator Principles to guarantee that the projects to which it provides funding and consultancy are carried out in a socially responsible way. In addition, since 2016 it has been on the board of directors of the Spanish Green Growth Group, which fosters economic growth linked to a low-carbon economy.

CaixaBank has also joined the United Nations Environment Programme – Finance Initiative (UNEP FI), which has three main goals: commitment to sustainable development, sustainability management and public awareness. Similarly, the institution is also part of the Forética Climate Change Cluster and has been included in the Dow Jones Sustainability Index (DJSI), the world’s main index assessing the behaviour of companies under social, environmental and corporate governance criteria.