
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | http://www.caixabank.com |
Headquarters |
Avda Diagonal 621-629
08028 Barcelona
Spain
|
CEO/chair |
Mr. Gonzalo Gortázar Rotaeche CEO |
Supervisor | |
Ownership |
listed on Bolsa de Madrid
CriteriaCaixa (100% owned by La Caixa Banking Foundation) holds 30% of CaixaBank's shares. CaixaBank's complete shareholder structure can be accessed here. |
CaixaBank was founded in 1980, and is a large 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.
CaixaBank's most important sustainability commitments can be found at the website sections listed below.
Links
CaixaBank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of CaixaBank's link to these deals.
Banks and Climate
The 2022 Banking on Climate Chaos report showed that CaixaBank provided US$ 5.47 Billion in financing to the fossil fuel industry between 2016 and 2021. Find further details on CaixaBank fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of CaixaBank fossil fuel policy below.
Banks and Human Rights
BankTrack assessed CaixaBank in its 2022 Global Human Rights Benchmark, where it achieved 4.5 points out of 14 and was ranked as a follower. More information is detailed in the "Accountability" section of this profile.
Global Human Rights Benchmark 2022
Tracking the Net Zero Banking Alliance
CaixaBank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
Caixabank does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by the bank's finance. However, it is possible to lodge a complaint with the OECD National contact point (see OECD Watch guidance).
This page evaluates CaixaBank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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