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Banco SabadellSpain

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Banco Sabadell head offices in Alicante, Spain. Photo: Folguerola Angela via Wikimedia Commons (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2024-04-16 14:29:26
Bank info
BankTrack campaigns
All
About
Website https://www.grupbancsabadell.com/en/
Headquarters
Avenida Óscar Esplá 37
03007 Alicante
Spain
CEO/chair César González-Bueno Mayer
CEO
Supervisor
Banco de España
Ownership
listed on Bolsa de Madrid

Banco Sabadell's shareholder structure can be accessed here.
Subsidiaries
TSB Bank – United Kingdom

Banco Sabadell was founded in 1881 by a group of 127 businessmen and traders from Sabadell in Spain, aiming to finance local industries. Nowadays, it is in the top five largest banks in Spain and provides banking and financial products and services in Spain and internationally. Banco Sabadell is comprised of different banks, brands, subsidiaries and part-owned companies. Since 2007, the bank has doubled in size and acquired several other banks. Banco Sabadell adopted the Equator Principles in 2011.

Sustainability
Commitments
Policies
Voluntary standards

Banco Sabadell's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Commitment to sustainability

Policies, codes and rules

Environmental and Social Risk Framework

Bank policy
2023-07-12 00:00:00 | Banco Sabadell

Decarbonisation targets

Bank policy
2022-12-22 00:00:00 | Banco Sabadell

Defence sector policy

Bank policy
2022-11-24 00:00:00 | Banco Sabadell

Sustainability policy

Bank policy
2022-10-11 00:00:00 | Banco Sabadell

Human rights due diligence procedure

Bank policy
2022-02-08 00:00:00 | Banco Sabadell

Human rights policy

Bank policy
2022-01-03 00:00:00 | Banco Sabadell

Policy on Social Corporate Responsibility

Bank policy
2018-07-17 00:00:00 | Banco Sabadell

Code of conduct

Bank policy
2018-07-17 00:00:00 | Banco Sabadell

Anti-money laundering questionnaire

Bank policy
2018-04-11 00:00:00 | Banco Sabadell

General declaration on the policies for the prevention of money laundering and financing of terrorism

Bank policy
2015-11-23 00:00:00 | Banco Sabadell

Environmental Policy

Bank policy
2009-09-29 00:00:00 | Banco Sabadell
Banco Sabadell has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
FTSE4Good Supply Chain Labour Standards CriteriaTags: corporate social responsibility | labour | supply chain | worker rights
Global Reporting InitiativeTags: sustainable development | human rights
ISO 14001Tags: transparency
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Universal Declaration of Human RightsTags: human rights | United Nations
Dodgy Deals

Banco Sabadell 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 Banco Sabadell's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Net-Zero Banking Alliance report shows no progress towards reaching net zero

In its latest so-called “progress” report, the NZBA leaves substantial information regarding net-zero alignment out and only focuses on target-related outputs.
2024-10-08 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

A rare hostile takeover bid in Europe’s banking sector has shocked markets

Spanish bank BBVA caught markets by surprise after it announced a rare hostile takeover bid for domestic rival Banco Sabadell
2024-05-09 | CNBC
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
BankTrack news BankTrack blog Partner news Partner blog

TSB owner Sabadell considers bank's future as BBVA deal scrapped

2020-11-27 | BBC News
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Banco Sabadell adopts the Equator Principles

2011-09-28 | Equator Principles Association
Resources
Documents
Links

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA

CSR report 2023

Annual report
2024-04-16 00:00:00 | Banco Sabadell

Annual Report 2023

Annual report
2024-02-22 00:00:00 | Banco Sabadell

Decarbonisation Targets 2023

Other bank document
2023-12-21 00:00:00 | Banco Sabadell

Environmental and Social Risk Framework

Bank policy
2023-07-12 00:00:00 | Banco Sabadell

CSR report 2022

Annual report
2023-05-12 00:00:00 | Banco Sabadell

Annual report 2022

Annual report
2023-05-12 00:00:00 | Banco Sabadell

Decarbonisation targets

Bank policy
2022-12-22 00:00:00 | Banco Sabadell

Defence sector policy

Bank policy
2022-11-24 00:00:00 | Banco Sabadell

Sustainability policy

Bank policy
2022-10-11 00:00:00 | Banco Sabadell

CSR report 2021

Annual report
2022-05-11 00:00:00 | Banco Sabadell

Annual report 2021

Annual report
2022-03-15 00:00:00 | Banco Sabadell

Human rights due diligence procedure

Bank policy
2022-02-08 00:00:00 | Banco Sabadell

Human rights policy

Bank policy
2022-01-03 00:00:00 | Banco Sabadell

Annual report 2020

Annual report
2021-05-10 00:00:00 | Banco Sabadell

CSR Report 2020

Annual report
2021-05-10 00:00:00 | Banco Sabadell

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack

Annual report 2019

Annual report
2020-05-18 00:00:00 | Banco Sabadell

Annual report 2018

Annual report
2019-05-20 00:00:00 | Banco Sabadell

CSR report 2018

Annual report
2019-05-20 00:00:00 | Banco Sabadell

Equator Principles report 2018

Other bank document
2019-05-20 00:00:00 | Banco Sabadell

Significant subsidiary disclosures

Other bank document
2018-07-17 00:00:00 | Banco Sabadell

Sabadell investor day presentations 2018

Other bank document
2018-07-17 00:00:00 | Banco Sabadell

CSR Policy report 2017

Annual report
2018-07-17 00:00:00 | Banco Sabadell

Policy on Social Corporate Responsibility

Bank policy
2018-07-17 00:00:00 | Banco Sabadell

Code of conduct

Bank policy
2018-07-17 00:00:00 | Banco Sabadell

Inventory of emissions 2017

Other bank document
2018-07-17 00:00:00 | Banco Sabadell

Annual report 2017

Annual report
2018-05-01 00:00:00 | Banco Sabadell

Anti-money laundering questionnaire

Bank policy
2018-04-11 00:00:00 | Banco Sabadell

Corporate Social Responsibility Policy Report 2016

Annual report
2017-02-23 00:00:00 | Banco Sabadell

Inventory of Emissions

2016
Other bank document
2017-02-23 00:00:00 | Banco Sabadell Group

Annual Report 2015

Annual report
2016-04-01 00:00:00 | Banco Sabadell

Corporate Governance Annual Report 2015

Annual report
2016-03-21 00:00:00 | Banco Sabadell

Shareholders and investors policy

Other bank document
2016-02-01 00:00:00 | Banco Sabadell

General declaration on the policies for the prevention of money laundering and financing of terrorism

Bank policy
2015-11-23 00:00:00 | Banco Sabadell

Annual Report 2014

Annual report
2015-06-25 00:00:00 | Banco Sabadell

Corporate Governance Annual Report 2014

Annual report
2015-03-02 00:00:00 | Banco Sabadell

Environmental Policy

Bank policy
2009-09-29 00:00:00 | Banco Sabadell
Accountability
Grievances

Banco Sabadell operates a grievances and redress mechanism (according to its human rights policy), but it doesn't list any contact details.

Banco Sabadell is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates Banco Sabadell'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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Tracking the NZBA

Tracking the Net Zero Banking Alliance

Banco Sabadell 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.

 

Tracking NZBA banks commitments
Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of Banco Sabadell to Russia's illegal invasion of Ukraine. Banco Sabadell's public position on the war is unclear. Banco Sabadell is considered to be "buying time" with its operations in Russia. We consider its exposure to Russia as limited. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine