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Social commitment

The Eco-Efficiency Plan with which Bankia contributes to neutral emissions by 2050

The bank is committed to the environmental future of the planet and in its 2017-2020 Eco-efficiency and Climate Change Plan establishes a series of objectives aimed at contributing to the SDGs and neutral emissions by 2050 with objectives in the field of eco-efficiency, climate change, certified management and environmental training.

Bankia Comunicación

By  Bankia Comunicación

Publish on 
03 December 2019 - 14:00

  • 100% of the electricity consumed, in buildings and offices, is green; and in 2018 alone 39,800 tonnes of CO2 emissions were avoided.
  • The renewal of the air conditioning equipment has enabled to reduce greenhouse gas emissions by 12%.
  • 99.9% of waste paper, toner, packaging and non-reusable computer equipment are destined for recycling, which means more than 1,000 tonnes in 2018 alone.

Climate change is one of the biggest challenges society is currently facing. Bankia, within its cross-cutting environmental commitment, is committed to a sustainable business model and incorporates environmental management in the decision-making process of the entire bank through the 2017-2020 Eco-efficiency and Climate Change Plan.

This series of measures, approved by the Responsible Management Committee, has as its ultimate goal the neutral CO2 emissions by 2050.

In particular, Bankia's Eco-efficiency Plan provides:

  • Increase up to seven the number of Bankia emblematic buildings with certified environmental management system, according to ISO 14001:2015 standards.
  • Reduce greenhouse gas emissions by 20%, while compensating for non-avoidable emissions.
  • Achieve a 19% reduction in energy consumption, while reducing the consumption of water, paper and toner by 5%.
  • Reduce waste generation by 5% and seek new alternatives to the main waste generated by the bank within the context of circular economy.
  • Promote respect for the environment and the transition to a low-carbon economy through purchases and contracts that pose greater risk and environmental impact.
  • Extend the environmental culture throughout the entire organisation through environmental training and awareness.

Derived from this commitment to the environment , Bankia carries out a series of measures that contribute to reducing the environmental impact of its activity. Since 2013, 100% of the electricity consumed, in buildings and offices, is green. In 2018, the emission of 39,800 tonnes of CO2 was avoided when acquiring electricity from renewable sources and 12% of the carbon footprint was compensated through the direct purchase of carbon credits from national and international projects. (1,460 Tn CO2 compensated in 2018).

In addition, within the framework of the specific greenhouse gas reduction plan, over the last 2 years more than 6 million euros have been invested in the renovation of air conditioning equipment, which has led to a reduction in emissions of greenhouse effect coolant gases in excess of 12%. Bankia currently has more than 220 offices and remotely managed buildings.

Less CO2 emissions and less waste

The commitment towards sustainable mobility and a low carbon economy is also present among the bank’s actions. In fact, over 80% of its vehicles are hybrid with low CO2 emissions. The bank also continues to invest in new technologies in all jobs to facilitate video calls or presentations, thus avoiding thousands of trips and different campaigns and courses are carried out among workers and suppliers, making them aware of the importance of respecting the environment.

Within the context of a circular economy, the generation of waste is being reduced by 15.5% since 2013; and 99.9% of waste paper, toner, packaging and non-reusable computer equipment are destined for recycling, which is more than 1,000 tonnes in 2018 alone. The decision to suppress physical correspondence for digital customers and foster the use of digital signatures is aimed at these same environmental objectives. 

Among the challenges for 2019 are the establishment of an internal carbon price strategy, the compensation of CO2 emissions and the extension of energy efficiency measures to new offices, among other measures that allow for the successful completion of the 2017-2020 Eco-efficiency and Climate Change Plan.

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