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European Climate Pact

Overview

Location

Spain

Sector

Banking, Financial and Insurance Services

Organisation type
Business

Company Information

CaixaBank is a listed multinational financial services company with headquarters in Valencia, Spain. In 2021, it reported 49,762 employees and total revenues for 14.4 billion Euro.*

*Source

 

GHG Emissions

Our actions – the Pathway

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction focusing on fugitive emissions reductions
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Emissions -FS

Our actions – the Pathway

  • Conduct analysis to understand the impact of our investment portfolio on the planet, in line with TCFD recommendations
  • Join the Partnership for Carbon Accounting Financials (PCAF)

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Energy

North Star

  • CaixaBank has a company-wide target to consume 100% of electricity from renewable sources by 2040 from a baseline of 0.0% renewable electricity consumption in 2009

Pledge: Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria 

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022