"Banco Sabadell is determined to support our customers in the transition towards a more sustainable economy."
The world is immersed in a transformation process that is changing the way we see and do things. In addition to the changes related to digitisation and the implementation processes of new technologies, there are now changes in the impact of climate change –all these changes will lead to a global transformation of the economy.
Since the Paris Agreement in 2015 and the launch of the Sustainable Development Goals by the United Nations, companies have also begun to aim their strategies towards this new economic paradigm.
In recent years, governments and institutions, both locally and globally, have placed climate change and sustainability among society’s main concerns.
A strong commitment to sustainability
Sustainability has become part of Banco Sabadell’s purpose and business strategy. In the transformation process carried out in recent years, based on digitisation and new information technologies, the changes involved in the transition towards a sustainable economy and development have been incorporated. Banco Sabadell’s commitment to society dates back to 1881, when the Bank was founded, and is an essential part of its DNA .
The Bank has always carried out its activity in an ethical and responsible manner in order to ensure a positive impact on people and the environment. And now, based on the Paris Agreement of 2015 and the United Nations’ Sustainable Development Goals, Banco Sabadell is taking that commitment one step further, guiding its activity, organisation and processes with the purpose of contributing strongly to sustainability and the fight against climate change.
Some milestones of this 21st century
Banco Sabadell has a long history of implementing initiatives that guarantee its unwavering commitment to its stakeholders and the general public.
2019: Turning point
Law 11/2018 requires the inclusion of a statement in the Management Report, which is submitted for approval at the Annual General Meeting as a separate item on the agenda.
* The Non-Financial Disclosures Report includes all matters relating to sustainability
It concentrates the activity of the former Corporate Social Responsibility (CSR) Division and coordinates, in a cross-cutting way, the matters related to ESG (Environmental, Social and Governance) criteria in the organisation.
Banco Sabadell Board of Directors has placed the Sustainable Development Goals (SDGs) at the heart of its strategy for the coming years, incorporating the SDGs that are material and a priority for the Bank in the development of its activity.
As a founding signatory, Banco Sabadell has committed to strategically aligning its business with the Sustainable Development Goals (SDGs) and the Paris Agreement, and joins a coalition of 130 banks worldwide that have taken responsibility for working towards a sustainable future.
Within the framework of the United Nations Conference on Climate Change (COP25), held in Madrid, Banco Sabadell has joined the "Collective Commitment to Climate Action" of AEB, CECA and ICO, with the aim of reducing the carbon footprint on balance sheets.
Developed by a working group made up of representatives from twenty of the Bank’s divisions, it incorporates sustainability cross-cuttingly into the business model, risk management and assessment and the relationship with all stakeholders, so that Banco Sabadell’s contribution to sustainable development becomes a reality.
Sustainable Development Goals SDGs
In June 2019, the Board of Directors approved the Sustainable Development Goals (SDGs), placing them at the heart of its strategy for the coming years, and making them a priority for the Bank in the development of its activity.