Climate change is on the public agenda in all countries, and the energy transition to a decarbonized economy is critical to meeting the global commitments included in the Paris Agreement to limit the increase in global temperature to below 2ºC and stop the climate emergency.
Our priority is to be an active part of this necessary and urgent transformation toward a low-carbon economy aligned with the European Union’s ultimate goal of achieving climate neutrality by 2050.
“Companies have heard the planet’s call”
The transformations we seek
Integration of the climate change variable into the business
We are incorporating the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) into our financial holdings, with the aim of having them fully integrated by 2024, as well as including environmental, social, and governance (ESG) criteria in investment, underwriting, and the definition of low carbon products.
Reducing the group's environmental footprint
We measure our environmental impact and set out emission reduction and carbon neutrality targets in our Environmental Footprint Plan 2021-2030
Promotion of the circular economy
We’re minimizing the waste generation aspect of our activity, and we’ve positioned ourselves as an agent of change in the transition to this type of economy by promoting products and services and supporting specialized companies in the sector
Biodiversity preservation and natural capital
We’re raising awareness and supporting initiatives to protect ecosystems that are more sensitive to the effects of climate change and we’re carrying out reforestation projects