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Social commitment

Within the framework of the bank’s responsible financing

Bankia and the Comunidad de Madrid sign a 97 million loan to finance social and environmental projects

The agreement is structured around a sustainable loan, with a term of ten years, and framed in the policy of the entity to bet on socially responsible investment (SRI).
 

Communication Bankia

By  Communication Bankia

Publish on 
05 April 2019 - 12:45

  • These projects are related to housing, education, health, social and economic inclusion and the financing of SMEs, as well as climate change and environmental management
  • The company Sustainalytics, which is responsible for rating the sustainability of listed companies, has certified the criteria for considering the Bankia loan as responsible financing

Bankia and the Comunidad de Madrid have formalised a sustainable loan of 97 million euros to finance social and environmental projects in the region.

The operation is structured around a sustainable loan, which will be valid for ten years, and which forms part of Bankia’s policy of investing in socially responsible investment (SRI), which is establishing a new relationship between finance and sustainability.

Through the Regional Ministry of Economy, Employment and Finance, the Community of Madrid will allocate the proceeds from the bank’s loan to finance environmental and social programmes, as well as the provision of services to these areas.

These include those related to support for the Madrid Public Health Service system, affordable housing, education, social and economic inclusion and financing for small and medium-sized enterprises. Moreover, actions related to environmental management are contemplated as are those which minimise climate impact.

“For Bankia, responsible management is synonymous of sustainability and competitiveness. It is a way of working with a view to the future and defining products and services that generate value in the environment”, explains Bankia’s Corporate Social Responsibility Director, David Menéndez.

Sustainalytics, a company that certifies the sustainability of listed companies on the basis of their environmental, social and corporate governance performance, has been responsible for certifying the sustainability criteria for considering the loan as responsible financing.

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