CalxaBank has mobilised a total of €67.16 billion in sustainable finance according to data at the end of June 2024. This figure means having surpassed the objective of the bank's Sustainable Banking Plan, included in the 2022-2024 Strategic Plan, six months before the end of the plan.
Of the total mobilised in sustainable finance, €16.34 billion correspond to the first half of this year, an increase of 1.5% compared to the same period of the previous year.
Specifically, since the start of the Plan in 2022, the financial institution has allocated €57.29 billion to green, social and sustainability- related financing. CaixaBank has supported projects and initiatives in the field of renewable energies and self-consumption, the real estate sector, the circular economy, water resources, biodiversity, microcredit loans granted to families and companies for entrepreneurship and innovation, the social economy, integration and education, loans linked to sustainability variables and the placement of green and social bonds. Since the publication of the framework for issuing bonds linked to Sustainable Development Goals in August 2019, CaixaBank has become the leading bank in issuances based on ESG criteria in Europe, with 13 issuances: 8 green bonds and 5 social bonds, totalling €11.25 billion, £500 million and 300 million Swiss francs, in outstanding ESG issues in the market.
In addition, the volume of sustainable intermediation reached €9.86 billion. Of this figure, €3.97 billion corresponds to the placement of sustainable third-party bonds and €5.90 billion to sustainable assets under management, through VidaCaixa and CaixaBank Asset Management, which have 28.4% of their assets managed under sustainability criteria in accordance with articles 8 and 9 of the Sustainable Finance Disclosure Regulation (SFDR). In addition, both management companies manage their investments according to ESG criteria in line with the UN Global Compact Principles and the UN Principles for Responsible Investment (PRI).
CaixaBank, a European leader in sustainability
These activities are part of the solutions to advance the transition to a sustainable economy and the decarbonisation of business. CaixaBank is continuing to make progress in its commitment to achieve climate neutrality by 2050, and has published new intermediate targets for 2030 for those sectors in its credit and investment portfolio that have the highest greenhouse gas emissions.
The sustainability-focused master plan, implemented in January 2022, aims to contribute to tackling challenges affecting people and the environment, such as inequality, climate change and boosting the real economy. At the same time, this ESG roadmap works in three directions: leading positive social impact and fostering financial inclusion; driving the sustainable transition of business and society and promoting a responsible culture by being a benchmark in governance.
