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Tackling climate change

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Climate change is one of the greatest threats faced by society. The current situation and especially, the future of the environment on the planet is something we must all assume responsibility for.

In this area, Bankia is unwavering in its commitment and has therefore been taking steps over many years to promote the transition to a low carbon economy.

Related documentation

In 2017, Bankia registered its carbon footprint for the years 2014, 2015 and 2016 in the Carbon Footprint, Compensation and CO2 Absorption Projects MAPAMA dependent register. This inscription has been recognized with the "Calculation" seal, which reflects the Bank's commitment, the effectiveness of the measures undertaken to reduce emissions and the effort made to compensate them.

See detail registration 2014 (spanish version), 2015 (spanish version) and 2016 (spanish version).

USE OF RENEWABLE ENERGIES

For yet another year, 100% of the electricity used by branches and central services in 2017 was generated using renewable sources. Bankia is one of the first financial institutions to use 100% green electricity, which it has been doing since 2013. Bankia also has a solar photovoltaic array installed in Valencia to generate clean energy.

During 2017, the emission of 31,295 tonnes of CO2 was avoided thanks to acquiring electricity from renewable sources..


EMISSIONS OFFSETTING

In 2017, Bankia offset 9.4% of its carbon footprint. This compensation was made through the direct purchase of carbon credits from national and international projects.


National project: REFO-RESTA CO2, (Phase V) registered in the "Carbon Footprint Registry Compensation and CO2 Absorption Projects" dependent on the MAPAMA.

International projects: India Biogas and Mirador de Honduras both with Gold Standard guarantee. These projects, in addition to contributing to the fight against climate change, also promote and favor the achievement of the SDGs set by the United Nations.

See detail of projetcs.

 

801 tCO2 offset in 2017


CUTTING CO2 EMISSIONS THROUGH ENERGY EFFICIENCY

Energy efficiency is one of the key ways of reducing CO2 emissions and thereby tackling climate change.

Bankia therefore has 121 branches that are remotely managed, along with its head offices in Valencia. Over 621 air conditioning units were also replaced by other more efficient models at branches in 2015 and 2017.

Reduction of 8.3% in electricity consumption in 2017 compared to the previous year, and a 19.3% reduction in consumption since 2014 .


SUSTAINABLE FINANCIAL PRODUCTS

Bankia has responded to grown demand in society, creating an environmentally-responsible loan with special terms and conditions for financing sustainable products to:

  • Purchase new household electrical appliances (refrigerators, dishwashers, air conditioning, etc.) that are low energy (Class A or higher efficiency ratings).
  • Acquire a hybrid, electric or alternative fuel vehicle with low emissions.
  • Carry out home refurbishments to boost energy efficiency, such as installing solar panels or condensing boilers for instance.

More information

In addition, at Bankia we have the Bankia Futuro Sostenible Fund that applies socially responsible investment criteria by investing in entities that have a positive impact on compliance with the UN SDGs, defending, among others, environmental values ​​or human and labor rights. .

Check conditions of the Bankia Futuro Sostenible Fund.

BANKIA ALSO PARTICIPATES IN THE FOLLOWING INITIATIVES

Bankia also participates in the following initiatives.

Bankia - Comunidad #PorElClima

Comunidad #PorElClima

Comunidad #PorElClima (Community for the Environment) is formed by companies, banks, public institutions and members of the public wanting to tackle climate change. This community was established in 2016 by pioneers in the fight against climate change in Spain, who are striving to construct a new economy that is environmentally friendly. The community aims to foster action across society to tackle climate change and promotes initiatives such as the "#GreenFriday Challenge" or the creation of the first showcase of green products.

Bankia adherida a RE100

RE100

RE100: Bankia is part of RE100 – a group of the largest companies around the world committed to 100% green power which have defined and published their objectives regarding the use of renewable energy. RE100 is a global initiative established by The Climate Group in partnership with CDP. This initiative along with other measures set out in the bank’s environmental policy position Bankia as a pioneer and leader in the use of clean energy in the Spanish financial sector.


Bankia - Clúster de Cambio Climático

Climate Change Cluster

With a view to understanding, sharing, leading on and collaborating to tackle climate change issues, Bankia is a member of the Climate Change Cluster coordinated by Forética (Spanish representative of the World Business Council for Sustainable Development).

The Cluster brings together corporations that have a climate change strategy and regularly publish performance indicators.

Spanish Group of Green Growth

In 2017 Bankia joined the Spanish Group for Green Growth, an association created to promote public-private collaboration and jointly advance the environmental challenges that we currently have, such as mitigation and adaptation to climate change, decarbonization of the economy or the promotion of a circular economy.

Through this platform, the participation of companies in the most relevant debates on the subject is promoted, at a national and international level, information is shared and opportunities for the Spanish company are identified.


Bankia - La Hora del Planeta

Earth Hour

Every year since 2012, Bankia joins thousands of organisations and millions of people around the world in the largest global environmental movement: Earth Hour, organised by the World Wildlife Fund (WWF). Taking part and switching off lights in its corporate buildings is another example of Bankia’s commitment to tackling climate change.

Bankia - CDP

CDP

Each year, the bank completes the Global Climate Change Report questionnaire drawn up by the Carbon Disclosure Project (CDP) to analyse its climate change strategy and management. In 2017 Bankia has been recognized by the analysts of the CDP with the highest possible rating (A), which makes the bank one of the 112 leading global companies in the fight against climate change.
 

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