Bankinter is keenly aware of the global challenge of protecting the environment and combating climate change, which is why its sustainability strategy includes guidelines and programmes aimed at minimising direct environmental impacts, caused directly by its own operational activities and indirectly, mainly by its financial activity.
Highlights during the implementation of the 3D Plan include:
Climate change commitment
Climate change opportunities
Climate change risks
Stakeholder involvement
Environmental footprint
Biodiversity
Bankinter has defined a decarbonisation strategy to achieve neutrality in its carbon footprint by 2050, both in terms of its operational emissions (which it achieved in 2020) and the emissions it finances.
The objective of the decarbonisation strategy is to achieve climate neutrality for the Group, to meet the commitments it acquired when joining the Net-Zero Banking Alliance, with intermediate goals for 2025 and 2030. The neutrality objective has been set based on the calculation of the carbon footprint from its financial activity in terms of both corporate banking and mortgages.
Bankinter is following a path of progressive adaptation in the management of emissions from its Corporate Banking loan book, in line with the Paris Agreements and the Integrated National Energy and Climate Plan (PNIEC). The roadmap, therefore, uses the ratio of estimated emissions per million euros of loans, which is comparable with the PNIEC parameters, as a reference.
In November 2022, the risk and compliance committee submitted a proposal to the board of directors advising it to incorporate the financed emissions indicator, which measures the impact on decarbonising the economy through financing granted by the Bank to its customers, into the Bankinter Group's risk appetite framework.
Bankinter has implemented a rating tool for climate change risk for all companies as part of the process for processing credit applications. This rating measures the customer's likelihood to be affected by physical and transition risks. This considers variables related to the company's activity, the geographical location of its facilities and factories, and its turnover and credit quality, measured through the internal rating. This tool enables ranking of the portfolio from lowest to highest sensitivity to risks related to the climate and the environment. Specific policies can then be developed for the most vulnerable segments. The rating provides complementary information on the potential physical risks to which the activity could be exposed, as well as the eligible branches under the European taxonomy.
The bank has assessed the percentage of its financial activities in Corporate Banking that are aligned with the criteria and categories in the European Union's sustainable finance taxonomy. They are:
In order to guarantee management of its environmental footprint and continuous improvement of its impact on the environment, Bankinter has set up an Environmental Management System (EMS), which is certified in accordance with the UNE EN ISO 14001 standard. This is a tool used to study the impact of the organisation's activities on the environment. It helps the organisation achieve its environmental objectives in a systematic and documented manner.
This certificate currently includes the four singular buildings that house its large work centres and its two office locations in Madrid, the main building in Barcelona and the main branches in Valencia, Bilbao and Vigo.
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