The Chairman of Bankinter has confirmed the bank's membership of the Net Zero Banking Alliance, the alliance sponsored by the United Nations

By doing so, Pedro Guerrero has reaffirmed Bankinter's commitment to acting against the effects of climate change.

The objective is to achieve zero net greenhouse gas emissions by 2050, both in terms of the direct impact of the bank's activity and in activities linked to its financing and investment portfolios.

Bankinter reinforces its commitment to sustainability. The bank's chairman, Pedro Guerrero, has confirmed the bank's membership to the Net Zero Banking Alliance, a global financial sector initiative that is part of the United Nations Environment Programme Finance Initiative (UNEP FI).

By becoming a member of this alliance, Bankinter has reinforced its environmental commitment and has set the goal of reaching zero net emissions by 2050 due to the direct impact of its activity. It will also align loan and investment portfolios with this objective, in line with the more ambitious goals set by the Paris Climate Agreement.

Bankinter has been neutral in terms of direct and indirect emissions since 2020, an objective achieved thanks to the use of renewable energy sources in its facilities and the offsetting of its direct emissions.  Now, it is setting itself the objective of also being neutral in the emissions of its investment and financing operations by 2050, setting intermediate decarbonisation targets for 2030.

This action is part of the bank's Climate Change Strategy, established with the objectives of identifying and mitigating the risks associated with climate change in our activity and detecting the new business opportunities that the transition to a low-carbon economy offers the financial sector.

For Bankinter, Sustainability has been a strategic commitment for decades, which it has developed through its successive Sustainability Plans. The good performance of this led to the bank being added for the third consecutive year in 2020 as a member of the international Dow Jones Sustainability Index World, where the most sustainable companies in the world are listed. In addition, the bank is still in the FTSE4Good sustainability index and this year it has become part of the ESG Euronext Vigeo Eiris Eurozone 120 Index, where the 120 most sustainable companies in the Eurozone are listed.