At CaixaBank, we protect the environment when we are performing our activities. We implement the best environmental and energy practices in accordance with our Sustainability Principles .
Our 2022-2024 Sustainable Banking Plan includes the 2022-2024 Environmental Management Plan, with eight action plans aimed at reducing the direct impact of our activity as a Group:
With this aim in mind, we have defined the following objectives with indicators for each year of the Plan with the perimeter of Scope 1 and 2 for the CaixaBank Group and the Scope 3 concepts detailed in the section on calculating the Carbon Footprint for CaixaBank, S.A:
OBJECTIVE |
INDICATORS |
2022 |
2022 |
2023 |
2023 |
2024 |
---|---|---|---|---|---|---|
Carbon footprint minimization and offsetting
|
Scope 1 (vs 20211) |
-7% |
-10% |
-10% |
-21% |
-15% |
Scope 2 (MARKET-BASET) (vs 2021) |
-100% |
-100% |
-100% |
-100% |
-100% |
|
Scope 3 former operational perimeter (vs 2021)2 |
-12% |
-38% |
-15% |
-35% |
-18% |
|
Reduction in CO2 emissions (vs 2021) |
-12.9% |
-31.74% |
-16% |
-33% |
-19% |
|
Carbon Neutral3. CO2 emissions offset: scopes 1, 2 and 3.6 (business trips) |
100% |
100% |
100% |
100% |
100% |
|
100% renewable energy consumption |
Consumption of renewable energy |
100% |
100% |
100% |
100% |
100% |
Reduction of paper consumption/waste |
Reduction of A4 paper consumption (vs 2021) |
-8% |
-34.6% |
-12% |
-27,7% |
-15% |
Implementation of energy efficiency measures |
Saving in energy consumed (vs 2021) |
-6% |
-14.1% |
-8% |
-22,8% |
-10% |
Renewal of certifications and extension of the perimeter |
Environmental certifications in main buildings (vs 11 certifications 20214) |
2 |
2 |
3 |
3 |
4 |
1. The targets related to reducing emissions in scopes 1 and 2, the Carbon Neutral target, 100% renewable energy consumption and its reduction and the number of certifications take into account the entire Group (including 16 subsidiaries) and scope 3 and the reduction in paper consumption are limited to CaixaBank, S.A.
2. For the calculation of base year emissions to determine the Scope 1 emissions reduction target, CaixaBank's refrigerant gas emissions data take the average for the period 2019-2021 as a reference. This means that the total emissions value of this scope in the base year used as the basis for determining the reduction target is 10,649 tCO2eq.
3. The scope 3 (operational) target was calculated based on the calculation perimeter prior to the rescaled operational carbon footprint, partially including the scope 3 categories related to the environmental indicators that were previously monitored, irrespective of their materiality. The corporate travel emissions data included in this target correspond to CaixaBank, S.A. and take 2019 (prior to COVID restrictions) as the base year. This means that the total emissions value of Scope 3 in the base year used as the basis for determining the reduction target is 24,579 tCO2eq.
4. The carbon neutral perimeter includes the CaixaBank Group's scopes 1, 2 and 3.6 (corporate travel). Emissions that could not be avoided, and offset them by purchasing credits on the voluntary emissions offset market, as explained in the section Carbon footprint mitigation strategy.
5. In 2022 CaixaBank sold the certified building located at Paseo de la Castellana 51, transferring most of its employees to the building at Castellana 189, which is also ISO 14001 certified. The baseline data on which we assess the targets has changed to 10 certifications on which two new buildings belonging to BPI were added in 2022 and a third belonging thereto in 2023.
Financial entities have a key role to play in achieving the objectives of the Paris Agreement and the Sustainable Development Goals (SDG). In February 2019, CaixaBank approved its Climate Change Declaration, which aims to contribute to the transition to a low carbon and socially fair economy, while promoting sustainable economic growth and development.
One of the areas of action in the Climate Change Declaration is to reduce the CO2 emissions from our activities and offset those that cannot be avoided, in accordance with our Carbon Neutral Plan.
The strategy of the entity to achieve the neutrality of emissions is based on the measurement and reduction of emissions and on the compensation of those that we cannot avoid.
01. Calculation of our operational carbon footprint
02. Reduction of CO2 emissions
03. Offsetting of unavoidable emissions
01. Calculation of our operational carbon footprint
CaixaBank S.A. prepares an annual inventory of the greenhouse gas (GHG) emissions generated from its activities. This is used to calculate its carbon footprint and establish actions to gradually reduce it.
In 2022, the Group performed a materiality analysis with the goal of determining the relevance of indirect GHG emissions categories (scope 3), in order to determine the operational limits to be included in the Group's carbon footprint in the forthcoming years. The scope of the materiality analysis comprised 16 Group companies representing 99.4% of CaixaBank Group employees. The analysis shows that the sole relevant category in this scope, with a weight of 99% of total Scope 3 emissions, is category 3.15, which corresponds to financed emissions.
However, the following categories were also defined as materials: considering both its volume of associated emissions and the possibilities to influence their control and reduction.
With the conclusions of the materiality analysis, a new perimeter of calculation of the operational carbon footprintthat includes the globality of emissions from the categories defined as materials for all the Group.
CaixaBank
GrupCaixaBank
The following table shows both the emissions associated with the Old Perimeter for calculating the Entity's Operational Carbon Footprint (basis to verify the achievement of the objectives of the Environmental Management Plan) and the New Material Perimeter.
The main difference of this New Perimeter is reflected in categories 3.1 Purchases of goods and services and 3.2 Purchases of capital goods, where 80% of the statement amount has been taken as a basis global of all operating expenses and Investments of the Entity, considerably expanding the concepts included in these categories with respect to the old calculation perimeter.
CaixaBank Group operational carbon footprint (TCO2EQ)
Item | Source | CaixaBank S.A. |
CaixaBank Group |
||
---|---|---|---|---|---|
Scope 1 | Combustion in fixed sources | Boilers or emergency equipment | Gas oil C | 290.82 | 467.92 |
Natural gas | 621.62 | 654.55 | |||
Propane gas | 3.56 | 3.56 | |||
Combustion in mobile sources | Rental vehicles | 395.90 | 3,858.33 | ||
Cooling gas leaks | Cooling gases | 3,376.72 | 3,438.98 | ||
Scope 2 | Market-based method | — | — | ||
Location-based method | 21,082.12 | 29,383.94 | |||
Electricity self-consumption | — | — | |||
Scope 3 | 3.1 Purchase of goods and services | OPEX | 63,566.73 | 158,000.89 | |
3.2 Capital goods | CAPEX | 43,338.53 | 46,755.71 | ||
3.3 Fuel and activities | Electricity and fuel value chain and transmission |
3,996.56 | 6,142.58 | ||
3.6 Travel | Aeroplane, train, cars and hotels | 9,006.43 | 10,964.72 | ||
Total (Current Perimeter) | Scope 1 | 4,688.62 | 8,423.34 | ||
Scope 2 (Market-based) |
— | — | |||
Scope 2 (Location-based) | 21,082.12 | 29,383.94 | |||
Scope 3 | 119,908.25 | 221,863.91 | |||
Total (Market-based) | 124,596.86 | 230,287.25 | |||
Total (Location-based) | 145,678.98 | 259,671.20 | |||
Total per employee (Market-based) | 3.45 | 5.18 | |||
Scope 3 (Former Perimeter)1 |
3.1 Purchase of goods and services | Mains water | 162.38 | 162.38 | |
A4 paper | 1,649.59 | 1,649.59 | |||
Other paper | 2,346.78 | 2,346.78 | |||
Other goods (toner, vinyl and cards) | 575.03 | 575.03 | |||
3.2 Capital goods | Towers, laptops, monitors and keyboards | 979.45 | 979.45 | ||
3.3 Fuel and activities | Value chain and transmission of nonrenewable electricity | 0.00 | 0.00 | ||
3.4 Waste generation | Toner and IT support | 1,436.76 | 1,436.76 | ||
3.5 Corporate travel | Aeroplane, train, cars | 8,826.88 | 8,826.88 | ||
Total (Former Perimeter) | Scope 1 | 4,688.62 | 8,423.34 | ||
Scope 2 (Market-based) | — | — | |||
Scope 2 (Location-based) | 21,082.12 | 29,383.94 | |||
Scope 3 | 15,976.88 | 15,976.88 | |||
Total (Market-based) | 20,665.49 | 24,400.22 | |||
Total (Location-based) | 41,747.61 | 53,784.16 | |||
Total per employee (Market-based) | 0.57 | 0.55 |
* The Operational Carbon Footprint data presented in the 2021 Consolidated Management Report included the sum of the historical calculation perimeters of CaixaBank and Bankia, which were not the same. This data has been recalculated with respect to the publication of the 2021Consolidated Management Report in order to unify this perimeter and to be able to compare emissions in 2021, 2022 and 2023, as well as the achievement of the targets set.
1 The calculation of Scope 3 for the old perimeter is only calculated for CaixaBank, S.A.
CaixaBank Group operational carbon footprint (TCO2EQ)
Item | Source | CaixaBank S.A. | CaixaBank Group | ||
---|---|---|---|---|---|
Scope 1 | Combustion in fixed sources | Boilers or emergency equipment | Gas oil C | 326.46 | 415.48 |
Natural gas | 791.13 | 892.75 | |||
Propane gas | |||||
Combustion in mobile sources | Rental vehicles | 960.40 | 4,161.52 | ||
Cooling gas leaks | Cooling gases | 3,548.13 | 4,106.54 | ||
Scope 2 | Market-based method | — | — | ||
Location-based method | 31,994.66 | 42,670.71 | |||
Electricity self-consumption | — | — | |||
Scope 3 | 3.1 Purchase of goods and services | OPEX | 51,980.66 | 128,005.67 | |
3.2 Capital goods | CAPEX | 50,164.90 | 60,810.78 | ||
3.3 Fuel and activities | Electricity and fuel value chain and transmission | 4,584.67 | 6,715.65 | ||
3.6 Travel | Aeroplane, train, cars and hotels | 5,809.91 | 6,794.80 | ||
Total (Current Perimeter) | Scope 1 | 5,626.12 | 9,576.29 | ||
Scope 2 (Market-based) |
— | — | |||
Scope 2 (Location-based) | 31,994.66 | 42,670.71 | |||
Scope 3 | 112,540.14 | 202,326.90 | |||
Total (Market-based) | 118,166.26 | 211,903.19 | |||
Total (Location-based) | 150,160.92 | 254,573.90 | |||
Total per employee (Market-based) | 3.22 | 4.80 | |||
Scope 3 (Former Perimeter)1 |
3.1 Purchase of goods and services | Mains water | 153.31 | 153.31 | |
A4 paper | 2,054.94 | 2,054.94 | |||
Other paper | 3,489.20 | 3,489.20 | |||
Other goods (toner, vinyl and cards) | 647.63 | 647.63 | |||
3.2 Capital goods | Towers, laptops, monitors and keyboards | 1,440.47 | 1,440.47 | ||
3.3 Fuel and activities | Value chain and transmission of nonrenewable electricity | — | — | ||
3.4 Waste generation | Toner and IT support | 1,783.20 | 1,783.20 | ||
3.5 Corporate travel | Aeroplane, train, cars | 5,689.98 | 5,689.98 | ||
Total (Former Perimeter) | Scope 1 | 5,626.12 | 9,576.29 | ||
Scope 2 (Market-based) | — | — | |||
Scope 2 (Location-based) | 31,994.66 | 42,670.71 | |||
Scope 3 | 15,258.72 | 15,258.72 | |||
Total (Market-based) | 20,884.84 | 24,835.02 | |||
Total (Location-based) | 52,879.50 | 67,505.72 | |||
Total per employee (Market-based) | 0.57 | 0.56 |
* * The Operational Carbon Footprint data presented in the 2021 Consolidated Management Report included the sum of the historical calculation perimeters of CaixaBank and Bankia, which were not the same. This data has been recalculated with respect to the publication of the 2021Consolidated Management Report in order to unify this perimeter and to be able to compare emissions in 2021, 2022 and 2023, as well as the achievement of the targets set.
1 The calculation of Scope 3 for the old perimeter is only calculated for CaixaBank, S.A.
CaixaBank Group operational carbon footprint (TCO2EQ)
Item | Source | CaixaBank S.A. | CaixaBank Group | ||
---|---|---|---|---|---|
Scope 1 | Combustion in fixed sources | Boilers or emergency equipment | Gas oil C | 682.61 | 817.43 |
Natural gas | 970.07 | 1,017.72 | |||
Propane gas | |||||
Combustion in mobile sources | Rental vehicles | 1,291.95 | 4,096.07 | ||
Cooling gas leaks | Cooling gases | 2,818.00 | 3,326.17 | ||
Scope 2 | Market-based method | 374.17 | 1,153.55 | ||
Location-based method | 32,784.12 | 43,978.80 | |||
Electricity self-consumption | — | — | |||
Scope 3 | 3.1 Purchase of goods and services | OPEX | 59,185.22 | 146,723.85 | |
3.2 Capital goods | CAPEX | 36,448.54 | 45,841.97 | ||
3.3 Fuel and activities | Electricity and fuel value chain and transmission | 6,358.27 | 8,829.47 | ||
3.6 Travel | Aeroplane, train, cars and hotels | 4,473.40 | 5,038.83 | ||
Total (Current Perimeter) | Scope 1 | 5,762.63 | 9,257.38 | ||
Scope 2 (Market-based) | 374.17 | 1,153.55 | |||
Scope 2 (Location-based) | 32,784.12 | 43,978.80 | |||
Scope 3 | 106,465.44 | 206,434.11 | |||
Total (Market-based) | 112,602.24 | 216,845.05 | |||
Total (Location-based) | 145,012.20 | 259,670.30 | |||
Total per employee (Market-based) | 2.64 | 4.37 | |||
Scope 3 (Former Perimeter)1 |
3.1 Purchase of goods and services | Mains water | 195.14 | 195.14 | |
A4 paper | 3,105.14 | 3,105.14 | |||
Other paper | 4,126.67 | 4,126.67 | |||
Other goods (toner, vinyl and cards) | 824.34 | 824.34 | |||
3.2 Capital goods | Towers, laptops, monitors and keyboards | 3,946.41 | 3,946.41 | ||
3.3 Fuel and activities | Value chain and transmission of nonrenewable electricity | 122.64 | 122.64 | ||
3.4 Waste generation | Toner and IT support | 1,359.62 | 1,359.62 | ||
3.5 Corporate travel | Aeroplane, train, cars | 4,094.93 | 4,094.93 | ||
Total (Former Perimeter) | Scope 1 | 5,762.63 | 9,257.38 | ||
Scope 2 (Market-based) | 374.17 | 1,153.55 | |||
Scope 2 (Location-based) | 32,784.12 | 43,978.80 | |||
Scope 3 | 17,774.90 | 17,774.90 | |||
Total (Market-based) | 23,911.70 | 28,185.83 | |||
Total (Location-based) | 56,321.65 | 71,011.08 | |||
Total per employee (Market-based) | 0.56 | 0.57 |
* The Operational Carbon Footprint data presented in the 2021 Consolidated Management Report included the sum of the historical calculation perimeters of CaixaBank and Bankia, which were not the same. This data has been recalculated with respect to the publication of the 2021Consolidated Management Report in order to unify this perimeter and to be able to compare emissions in 2021, 2022 and 2023, as well as the achievement of the targets set.
1 The calculation of Scope 3 for the old perimeter is only calculated for CaixaBank, S.A.
One of the milestones reached in 2022 is the certification through Guarantees of Renewable Origin of all the energy consumed by the Group, so that the ZERO EMISSIONS target in Scope 2 has been reached.
We calculate our carbon footprint according to the "The Greenhouse Gas Protocol" and "Corporate Value Chain (scope 3) accounting and reporting standard". The data are verified annually by an independent certifying body in the context of the Statement of Non-financial Information.
Executive Report CaixaBank Carbon Footprint 2023
02. Reductions
Through the introduction of technological improvements and good environmental practices, we reduce our emissions.
03. Offsetting
Since 2018 CaixaBank offsets all of the CO2 emissions from our activities. This means our offsetting objective includes the emissions associated with both our corporate centres and our entire branch network, which is the largest in the financial sector in Spain. We currently offsetvour emissions from Scope 1, 2 and 3.6 (corporate travels) at the CaixaBank Group scale.
Biogas power generation project (Sonora AWMS GHG Mitigation Project MX05-B-03)
Electricity generation project with gas use (Land FillGas Pichacay - Ecuador)
Biomass energy plant (Viñales Project, 40 GW/year)
Remotion project (Afforestation Forestry in Colombia)
Forest replantation project (Galicia and Castilla y León)
Hydroelectric project (installed capacity of 19.192MW in Rondônia)
Project against the deforestation of the Amazon rainforest in Pará (Cikel Brazilian Amazon REDD APD Project)
Project putting a stop to deforestation of the Amazon (REDD Project in Brazil nut concessions in Madre de Dios)
Own Forest replantation project (16ha in Barcelona and Teruel)
Wind Energy project (40,4MW in Madhya Pradesh and Rajastàn)
Wind power project (30 windturbines in TamilNadu)
Wind power project (250 wind turbine generators in Tirunelveli)
Wind power project (ShangyiWanshigou)
tCO2 offset Projects with VCS/CDM standard Period from 2015 to 2023
We offset our emissions by purchasing carbon credits (recognised by the Verified Carbon Standard) for projects with positive social and environmental impact, as well as reforestation in Spain, where we also have 2 own reforestation projects of two forests located in Montserrat (Barcelona) and Ejulve (Teruel), whose direct benefits on the territory will be accounted for in te coming years.
CaixaBank makes the 50% of the offset for its emissions in projects located in Spain.
We register our carbon footprint with the Ministry for the Ecological Transition and the Demographic Challenge's Register of carbon footprints, offsetting and carbon dioxide absorption projects and we have signed up to the Voluntary Agreements Programme for the reduction of greenhouse gas (GHG) emissions run by the Catalan Office for Climate Change (OCCC).
Register of carbon footprints (MTE)
Voluntary Agreements Programme of Generalitat de Catalunya
At CaixaBank, we have implemented an environmental and energy management system that allows us to reduce the environmental impact of our activities, ensuring a process of continuous improvement.
Our corporate centre in Barcelona has an environmental and energy management system, under the European EMAS regulations and the ISO 14001 and ISO 50001 standards. The scope of our ISO 14001 certification also includes our 5 most important corporate centres in Valencia and Madrid.
ENVIRONMENTAL AND ENERGY MANAGEMENT SYSTEM
CONTEXT
Plan
Establish processes and objectives
Act
Take steps for
on-going
improvement
Do
Implement processes
Verify
Assess performance
ENVISAGED RESULTS
CONTEXT
ENVISAGED RESULTS
Plan
Establish processes and objectives
Act
Take steps for
on-going
improvement
ENVIRONMENTAL AND ENERGY MANAGEMENT SYSTEM
Do
Implement processes
Verify
Assess performance
Principles
Sustainability Principles
Declaration on climate change
External certifications
EMAS regulation
ISO 14001
ISO 50001
Supervision
Enviromental Risk Management Committee
Corporate Responsibility and Reputation Committee