Acting model
“Society is demanding a more sustainable economic model and the financial sector must respond to this demand by channeling resources into businesses that include sustainability criteria in their governance and operations.”
Juan Carlos Escotet, Chairman of ABANCA.
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Policies, ethics and transparency
We have defined a model for action that makes sustainability one of the focal points of decision-making in order to create value, analyze, prevent, and mitigate the negative impacts that our actions could have on society and the environment.
Sustainability Policy
The ABANCA Responsible Investment and Integration of Sustainability Risks Policy
Engagement Policy
SDG Bond Framework
Energy and Environmental Policy
Fiscal Policy
Code of Ethics and Conduct
Human Rights Commitment
Anti-corruption Policy
Quality Policy
Agreement of staff management
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Commitments and Partnerships
Adherence to the following principles and commitments means we take part in workgroups that aim to draw up and implement a set of measures for combating climate change and developing a sustainable business model for banking.
Adherence to the following principles and commitments means we take part in workgroups that aim to draw up and implement a set of measures for combating climate change and developing a sustainable business model for banking.
UN Global Compact Network
Our greatest commitment continues to be complying with current fiscal regulations, based on good faith, ethics, and respect for the commonly accepted best practices. For this reason, in accordance with the strictest standards for transparency.
Principles for Responsible Banking
As founding signatories, our aim is to play an active role in the creation of a sustainable economy and, through innovation, to be leaders in the new ways of doing finance. For this reason, we align our bank’s strategies with the achievement of the United Nations Sustainable Development Goals and the Paris Agreement.
Collective Commitment to Climate Action
We joined this agreement by undertaking to align our business with the international climate goals. This initiative lists specific actions and deadlines that ABANCA will implement to increase our contribution to and bring our activities into line with the climate goals of the Paris Agreement.
Sectoral Engagement for Climate Action
On the occasion of the United Nations Conference on Climate Change (COP25), which was held in Madrid, the major Spanish banks, including ABANCA, presented a joint agreement to reduce the carbon footprint of their credit portfolios within a certain timeframe, in a manner that could be measured using internationally agreed criteria and in line with the targets set in the Paris Agreement.
Principles for Responsible Investment
ABANCA is the first Spanish bank to adhere to the principles promoted by the United Nations Environment Program Financial Initiative (UNEP FI) and the Global Compact. ABANCA signed up to the principles in two categories: banking, as ABANCA Corporación Bancaria, and insurance, as ABANCA Seguros, taking a step further in our sustainability strategy.
Sustainable Ocean Principles
By making these commitments, we recognize the urgency and importance of adopting measures worldwide to promote the well-being of the ocean and we undertake to work towards this within our own sphere of action.
Net-Zero Banking Alliance
Through this alliance, we joined this ambitious initiative by the banking sector in order to support the transition to a net zero economy by committing to bringing our loan and investment portfolios into line with the paths to Net Zero by 2050.
ABANCA sets the first decarbonisation targets for its loan portfolio as part of its plan to reach net zero emissions by 2050. More information
Galician Climate Alliance
ABANCA has joined this initiative promoted by the Ministry of the Environment, Territory and Housing of the Xunta de Galicia in order to involve the Galician business fabric in the fight against climate change.