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David Menéndez, director of Corporate Social Responsibility (CSR) of Bankia, during Bankia's first meeting with shareholders.

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At Bankia’s first shareholder engagement meeting

David Menéndez: “Bankia is a business that is sustainable thanks to its three-pronged corporate, financial and social commitment”

The director of Corporate Social Responsibility (CSR) of Bankia has highlighted the strengths in responsible management and underlined the main challenges facing the entity in relation to responsible consumption, the SDGs and a sustainable digital transformation.

Communication Bankia

By  Communication Bankia

Publish on 
02 July 2019 - 14:15

  • Bankia’s Corporate Social Responsibility Director, David Menéndez, explained to shareholders in Valencia what global challenges the bank faces concerning responsible management.
  • The bank’s 2019-2020 Responsible Management Plan is built on three pillars: satisfied customers, engaged staff and social recognition.

Bankia’s Corporate Social Responsibility (CSR) Director, David Menéndez, has affirmed that the financial institution is “Bankia is now a business that is sustainable thanks to its three-pronged corporate, financial and social commitment”.

During his speech at Bankia’s first shareholder engagement meeting held in Valencia, Menéndez highlighted the bank’s strengths as a sustainable business: “the importance of having independent and professional corporate governance; engaged staff; well-defined values and principles; and close ties with and constant listening to the bank’s stakeholders (customers, shareholders, employees, suppliers and the wider society)”.

The CRS officer also underlined the main challenges Bankia faces such as the digital transformation from the perspective of responsible management, responsible consumption, climate change and the SDGs.

Menéndez reminded those present that the bank has been a signatory of the Equator Principles since 2017 and recently signed the United Nations’ Principles for Responsible Banking, which requires it to play an active role in building a sustainable economy.

Bankia is working on a sustainable financing framework, and this will allow compliance with the provisions of its Responsible Management Plan 2019-2020.

David Menéndez
Bankia’s Corporate Social Responsibility (CSR) Director

The bank is heavily involved in the digital transformation and development of new technologies that enhance financial services, making them more accessible to the whole of society and working from a digital ethics perspective.

The CSR officer explained that “Bankia is working within a framework of sustainable financing to achieve the objectives set out in its 2019-2020 Responsible Management Plan and meet its stakeholders’ needs”.

The bank currently offers: the Fondo Bankia Futuro Sostenible sustainable investment fund, which holds positions in entities selected for making a positive contribution to achieving the Sustainable Development Goals (SDGs); the Fondo Garantizado Valores Responsables secured responsible securities fund; and the Sustainable Loan for individuals and self-employed professionals.

As part of its efforts to tackle climate change, Bankia has rolled out its own ‘Ecoefficiency Plan’ and joined the Task Force on Climate-related Financial Disclosures: a working group that issues recommendations focusing on providing information to investors and shareholders on climate change risks and companies’ ability to react to them.

Lastly, Menéndez emphasised the bank’s commitment to the environment. Bankia has invested 100 million euros through its social action programmes in the last six years. Projects concerning local and rural development, the new poor and housing, education, volunteering, corporate sponsorship, disabilities, employment and the environment have benefited over 2.4 million people in Spain.


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