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Bankia’s efforts to tackle climate change and manage the sustainable use of resources include using renewable energies, on the one hand, and implementing efficiency projects and programmes to cut energy consumption, on the other.
This commitment is reflected in the bank’s goal to optimise its energy consumption, slashing it by 19% by 2019.
Some of the initiatives we have today are:
- Renewable energies::
- 100% of the electricity consumed by Bankia is green energy, avoiding the emission of 39,000 tonnes of CO2 in 2015.
- A solar photovoltaic array is installed in Valencia to generate clean energy.
- Energy saving: Bankia is modifying and refurbishing its work centres to make them more efficient and ‘smart’ by using LED technology and installing remote energy management systems to analyse branch energy use and establish savings targets.
Además, Bankia has also made a significant investment (33 million euros) to revamp its IT equipment and ATMs and make them more efficient, which it estimates will avoid the emission of over 500 tonnes of CO2 into the atmosphere.
- Cutting fuel consumption: The policy is to prioritise the use of audio and video conferencing to reduce transport-related fuel consumption and pollution. In 2015, 4,464 requests for these services were received, with 79,431 people making use of them.
Conscious of the environmental impact of using resources, Bankia focuses especially on the consumption of paper and other materials at source, while also working to extend their useful life to reduce the amount of waste generated.
Every year the bank rolls out new measures and monitors outcomes internally, while also engaging customers and suppliers to help it hit savings targets.
Current initiatives concerning the source of materials::
- 99.8% of paper used by Bankia is Elemental Chlorine-Free (ECF) recycled paper.
- 99.8% of printer cartridges are recycled.
Waste reduction programmes: "Building the future: a paper-free bank"
- Customers: 43% of customers use e-forms.
- Suppliers: 88.1% of contracts signed with suppliers and 47.2% of bills were managed through digital platforms, avoiding the use of paper and print toner.
Sustainable water use
One of Bankia’s objectives to continuously improve its environmental performance is to encourage responsible water use in its buildings and branches.
In 2015, Bankia set a goal of cutting water consumption by 5% versus the previous year. It actually managed to cut it by 9% thanks, among other factors, to the entire workforce’s commitment to use water sparingly. Specific campaigns were also run to raise awareness of the need for staff to save water.
Savings were also achieved by installing water saving devices (flow regulators) on taps at 55.4% of the bank’s branches and 66.7% of its offices.
Bankia’s environmental protection drive has included continuously searching for ways to better manage waste.The best waste is waste that is not produced, and therefore Bankia tries wherever feasible, to extend the life of materials, donating them for reuse which also has a social benefit:
- 350 items of IT and electronic equipment and furniture were donated for reuse by educational centres and charities.
- 99.8% of waste paper, printer cartridges and packaging and non-reusable IT equipment were recycled in 2015 (over 1,500 tonnes).
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