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European Climate Pact
private sectorGrupo Cooperativo Cajamar

Grupo Cooperativo Cajamar

Overview

Location

Spain

Sector

Banking, Financial and Insurance Services

Organisation type
Business

Company Information

Grupo Cooperativo Cajamar is a group of cooperative-based financial institutions. The group is under the parent company Banco de Crédito Cooperativo, S.A. and headquartered in Madrid, Spain. In 2021, the group reported a total of 6,244 employees and a net interest income of 672,414 Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum
  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction focusing on fugitive emissions reductions
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 
  • Have a policy framework requiring clients/investees set science-based GHG emissions reduction targets within the next year
  • Have a policy framework requiring clients/investees have a climate transition plan
  • Have an engagement strategy to encourage our investees to set a science-based GHG emissions reduction targets
  • Conduct analysis to understand the impact of our investment portfolio on the planet, in line with TCFD recommendations

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Energy

North Star

  • Grupo Cooperativo Cajamar has a company-wide target to consume 100% of electricity from renewable sources by 2023 from a baseline of 0.0% renewable electricity consumption in 2014

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

 

Mobility

North Star

  • Grupo Cooperativo Cajamar has a target to switch 100% of their fleet with low-carbon vehicles by 2030 from a baseline of 1% in 2019

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Grupo Cooperativo Cajamar have a publicly available 1.5°C aligned low-carbon transition plan
  • 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

 

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