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Created before Nov 2016
Last update: 2022-01-24 00:00:00
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CaixaBank was founded in 1980, and is a leading Spanish retail bank. The bank operates through three segments: banking and insurance, real estate activity, and investments. With the mergers and takeovers of Banca Cívica and Banco de Valencia, and the retail banking, wealth management and corporate banking businesses of Barclays in Spain, CaixaBank has extended its share of the Spanish financial market. CaixaBank signed the Equator Principles in March 2007.
In 2021 Bankia merged with CaixaBank to create a new entity but preservering the name of the latter.
Avda Diagonal 621-629
Mr. Gonzalo Gortázar Rotaeche |
|Annual report||Annual report 2021|
listed on Bolsa de Madrid
|Complaints and grievances|
Related Dodgy Deals
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-caixabank-2020/
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Banks and Climate
Bank net zero commitments
Caixabank joined the NZBA in April 2021
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Equator Banks involved in financing at least 200 fossil fuel projects since Paris
Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects
New report exposes billions in European financial support to companies in illegal Israeli settlements
New research puts big banks’ sustainability claims in doubt
Piden a bancos internacionales suspender inversiones ligadas a junta birmana
New bank climate initiative fails to grasp urgent need to end finance for fossil fuels
Leading finance firms sign up to Mark Carney forum on low-carbon investment
Equator Banks fail communities on consultation and grievance mechanisms, new study finds
Equator Principles requirements missing for most projects, finds new BankTrack study
Trans Adriatic Pipeline: France provides massive financial support to controversial gas project
Banks not yet living up to UN human rights principles, finds BankTrack
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
Cluster bombs manufactured in Spain in 2007 and used by Gaddafi to bomb Misrata were financed by Spanish banks
New rules for Equator Principles, but no new commitments from banks
Banking on Climate Chaos 2022
Letter from BankTrack to CaixaBank on CaixaBank's Future Relationship with the Fossil Fuel Industry
Banking with Principles?
Voluntary standardsCaixaBank has committed itself to the following voluntary standards:
- Carbon Disclosure Project
- Collective Commitment to Climate Action (CCCA)
- Dow Jones Sustainability Indices
- Equator Principles
- Global Reporting Initiative
- Green Bond Principles
- ISO 14001
- Net-Zero Banking Alliance (NZBA)
- OECD Guidelines for Multinational Enterprises
- Principles for Responsible Banking (PRB)
- Principles for Responsible Investment (PRI)
- Task Force on Climate-related Financial Disclosures
- UNEP Finance Initiative
- United Nations Global Compact
CaixaBank's webpage on corporate social responsibility can be accessed here.
Implementation and reporting
CaixaBank is reporting on the implementation here.