CDP names Bankinter one of the leading banks for climate change management
The Bank increased its rating from "B+" to "A-" in the analysis of more than 9,000 companies by the international organisation CDP.
Bankinter has received recognition from CDP after the international institution raised its environmental management rating from “B+” to “A-“. The rating hike consolidates the Bank's position as one of the companies with the best strategies, policies and reporting on climate change indicators.
An international organisation headquartered in London, CDP analysed more than 9,000 companies - representing 50% of the world market's value - and rated them on a scale from "A" to "D" based on their climate change management. Bankinter's assignment to the "Leadership" category reinforces the Bank's position as a member of the group of companies that are leading the market in environmental management performance and transparency.
The non-profit organisation CDP analyses the actions and initiatives of thousands of companies worldwide and reports on them to more than 500 institutional investors who manage assets worth more than 100 trillion dollars. The CDP ratings have become a benchmark tool that enables investors and stakeholders to assess how companies address the challenges, legislative changes and market demands related to climate change.
Last year, Bankinter launched a climate change strategy with short-, medium- and long-term objectives for governance, risk management, business opportunities and involvement with its various stakeholders.
Besides, since June 2020 Bankinter's facilities in Spain, Portugal and Luxembourg have been carbon neutral. This key milestone was achieved through:
-Compensation of direct emissions through the ECODES ZeroCO2 platform, providing support for the Amazon conservation project in the "Madre de Dios" area.
-The power used in the Bank's facilities comes from renewable sources, in buildings and branches both in Spain (since June 2018) and in Portugal (since 1 July, 2020).