Blog

Ibercaja is aware of the role played by the financial industry in sustainable development, mobilising the capital flows necessary for the transition and integrating environmental, social and good governance risks and opportunities into management. Its role as a transmission belt for monetary flows and thanks to the great capillarity of its network of branches make the entities one of the key players in achieving a net greenhouse gas emissions economy by 2050.

Since its origins, Ibercaja has maintained a clear social commitment in the development of its activity, focused on supporting the territory, the business fabric and families, and as a result, the Bank has a Sustainability Policy, a document that reflects its commitment to sustainable growth and establishes the framework for global action in the field of sustainability.

In this framework, Ibercaja has the challenge of advancing in the integration of sustainability in a structural way, in its policies, in its systems, in its credit granting and risk management processes... in short: in the development of its financial activity.

Therefore, as in the strategic cycle concluded in 2023, one of the strategic lines of the 2024-2026 Strategic Plan "Ahora Ibercaja", is SUSTAINABILITY, with a global and cross-cutting project that has three main objectives:

The first of these is the integration of ESG factors into risk management. Thus, Ibercaja is working on deepening the analysis of how sustainability-related risks affect its customers, its business model, and how they relate to traditional prudential risks, in order to incorporate them into the main risk management frameworks and tools.

The second objective is to promote the ESG business strategy, which must be compatible with the climate transition plan and the decarbonisation objectives established by the Bank, accompanying its clients in their energy transition process.

The third objective is to build capacities for the development of methodologies and data collection related to sustainability, improving their availability and quality to respond to the growing regulatory requirements for disclosure, which will improve transparency and will be a lever for integration in the management and strategy of ESG factors.

In this regard, in the new Ibercaja Ahora Plan, the roadmap for the years 2024-2026, among the strategic initiatives aimed at working on resilience, the one aimed at the application of Artificial Intelligence stands out, through which the Bank seeks to actively and rigorously explore the opportunity that AI could represent in terms of impact on the Bank's productivity.