Grupo Cooperativo Cajamar

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