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Tackling climate change

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Climate change is one of the greatest threats for society. The current situation, and especially the planet’s environmental future, requires everyone to become aware.

Bankia is highly committed to this cause, which is why it has been implementing measures aimed at promoting the transition towards a low-carbon economy for years.

In fact, Bankia’s commitment to reducing greenhouse gas emissions and offsetting the carbon footprint has been recognised with the Calculation/Compensation seal of the Ministry for the Ecological Transition for 2016, 2017 and 2018. Bankia has registered its footprint in the Register of Carbon Footprint, Compensation and CO2 Absorption Projects under the same Ministry since 2014.

See detail registration 2014 (spanish version), 2015 (spanish version)2016 (spanish version) 2017 (spanish version) 2018 (spanish version)


Since 2013, Bankia uses 100% green electricity, having become one of the first Spanish financial institutions to reach this milestone. With the integration of BMN in 2018, Bankia maintained its objective of continuing to consume 100% renewable electricity, although BMN did not have a renewable electricity supply. For this purpose, Bankia renegotiated the electricity contract conditions for the new buildings and offices that have been added to the entity’s perimeter.

Bankia also has a photovoltaic solar collector system in Valencia that generates clean electricity.

In the area of syndicated loans, the bank granted financing in the amount of 276 million euros, with which it contributed to financing 1,527 MW of renewable energy obtained from wind, photovoltaic and solar thermal projects.

In 2019, 40,699 tons of CO2 were avoided by acquiring electricity from renewable sources.


In 2019, Bankia offset 51.4% of its CO2 emissions (scope 1 and 2) by acquiring carbon credits from national and international projects.

National project: REFO-RESTA CO2, recorded in the “Carbon Footprint Registry Compensation and CO2 Absorption Projects”, reporting to MITECO.

International projects with a Gold Standard guarantee: "Dora geothermical energy project" in Turkey and "Organic biodigesters and cookers" in China, both with Gold Standard guarantee. These projects, along with contributing to the fight against climate change, also bring us closer to achieving the SDGs established by the United Nations.

See detail of projetcs.

1,815 tCO2 offset in 2019


Energy efficiency is one of the fundamental methods for reducing CO2 emissions and therefore slowing down climate change. Therefore, during 2019 Bankia continued with the plan for renovation of air conditioning machines in branches, which has enabled the entity to replace more than 119 air conditioning units. The replacement of these devices has helped to prevent the emission of 508.7 tons of CO2 associated with cooling gas leaks.

On the other hand, the bank has eliminated the printed correspondence of digital customers and has promoted the use of digital media in the signing of contracts. As an additional measure, measures have been implemented such as the generalisation of two-sided printing or customised printing in central services.

More than 7,6 million euros invested in energy efficiency measures.


In response to a growing demand from society, Bankia has created an environment-friendly loan, with special conditions for financing sustainable products:

  • Purchase of new appliances (refrigerators, dishwashers, air conditioners, etc.) that are energy-efficient (with energy class A label or higher).
  • Purchase of hybrid or electric vehicles with alternative low-emission fuels.
  • House renovations that will improve your energy efficiency, such as the installation of solar panels, condensation boilers, etc.

See terms and conditions of Bankia’s sustainable loans.

Bankia Sustainable Future Fund also 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 labour rights.

Check conditions of the Bankia Futuro Sostenible Fund.


Bankia also participates in the following initiatives.

Bankia Principios Banca Responsable

UN Climate Action Collective Commitment

Bankia is one of the 31 signatory world banks of the Collective Commitment to Climate Action, within the framework of the Responsible Banking Principles promoted by the UN Environment Financial Initiative (UNEP FI). Thus, the entity is committed to the development of products and services to facilitate the economic transition in order to achieve climate neutrality. This is the largest climate commitment signed by the banking sector. The 31 signatories commit to align their business with the Paris Agreement and the United Nations Sustainable Development Goals (SDGs).

First year Collective Commitment to Climate Action Report.

Principles for Responsible Banking Report 2020.

Bankia Comunidad por el Clima

#PorElClima Community

Companies, institutions, public administrations and citizens who want to fight against climate change participate in the #PorElClima Community. This Community was created in 2016 with the pioneers in the fight against climate change in Spain, who are working to build a new environment-friendly economy. The Community aims to generate a culture that drives society as a whole to act to curb climate change and promotes initiatives such as the "#DesafíoGreenFriday" or the creation of the first showcase for eco-friendly products.

Bankia RE100


Bankia is part of RE100, an association of the largest companies committed to 100% renewable energy and which have defined and published objectives in relation to their use. RE100 is a global initiative created by The Climate Group in Association with CDP. This initiative, together with other measures included in the environmental policies of the company, makes Bankia a pioneer and cutting-edge company in the use of clean energies in the Spanish financial industry.

Spanish Platform for Climate Action

Spanish Platform for Climate Action

This Platform proposes a framework for public-private cooperation, promoting the participation and alignment of climate strategies and government actions to achieve compliance with the Paris Agreement.

Bankia Cluster cambio climático

Cluster on Climate Change

With the aim of understanding, sharing, leading and collaborating on climate change issues, Bankia is part of the Cluster on Climate Change coordinated by Forética (representative of the World Business Council for Sustainable Development in Spain). The Cluster brings together large companies that have a climate change strategy and regularly publish performance indicators.

Spanish Group for Green Growth

Spanish Group for Green Growth

In 2017, Bankia joined the Spanish Group for Green Growth, an association created to foster public-private collaboration and jointly face environmental challenges, such as mitigating and adapting to climate change, decreasing the carbon impact of the economy or the promotion of a circular economy. This platform encourages the participation of companies in the most relevant debates on the subject, nationally and internationally, shares information and identifies opportunities for Spanish companies.

Earth Hour

Earth Hour

As it has been doing since 2012, Bankia participates, like thousands of other organisations and millions of people around the world, in the biggest global movement in favour of the environment: Earth Hour, promoted by WWF (World Wildlife Fund). Taking part and switching off the lights of corporate buildings is another example of Bankia's commitment to the fight against climate change. More information about the Earth Hour.

Bankia CDP


Every year, the entity fills in the Global Climate Change Report Questionnaire proposed by the CDP, which analyses the climate change strategy and of companies all around the world.

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