Sustainability
At ABANCA, we have worked since our origins for a responsible and sustainable banking model, transparent and innovative, based on a profitable economic business, which allows us to contribute to social development and environmental protection.
We have recently reformulated our strategy to adapt it to the current context and have set new goals aligned with the 2030 Agenda and the Paris Agreements. The Action Plan for Responsible and Sustainable Banking 2021-2024 includes the goals that we have set and the established roadmap in order to be a relevant actor in the field of sustainability; support sustainable economic activity by integrating environmental, social and governance (ESG) aspects into the management, business and risk model, and accompany our clients in the transition towards sustainability.
The actions planned to promote an economic and social model that respect the environment are structured around three main lines of ESG action:
- Environmental: includes the measures to face the climatic emergency.
- Socioeconomic: includes actions to promote recovery and transformation towards sustainable development.
- Good governance: actions to promote a management model focused on the needs of stakeholders and with special attention to new risks.
Sustainability Plan 2021 - 2024 - Feel the Planet ABANCA
Acting model
The Sustainability Policy and the Responsible Investment and Integration of Sustainability Risk Policy, together with the other internal policies, constitute the corporate framework that guides our actions in the field of Sustainability.
Sustainability Policy
Energy and Environmental Policy
Responsible Investment and Integration of Sustainability Risk Policy
Statement on main adverse Sustainability impacts
ABANCA is firmly committed to making its business activity serves as an impetus for sustainable growth in a transparent manner, in line with the ten principles of the Global Compact, as well as with the Sustainable Development Goals (SDGs) launched by the United Nations and the Agreement on Paris.
The entity undertakes to act throughout its value chain and in its sphere of influence to achieve, as well as disseminate, these commitments.
In order to guarantee excellence in our business model and respond to the challenges arising from climate change from an environmental, social and governance point of view, we follow the most demanding quality standards and seals.