Banco Sabadell strengthens its commitment to climate change

Banco Sabadell is strongly committed to supporting and accelerating all actions that are crucial to Sustainable development and the fight against climate change. In this way, the Bank continues to move forward in its operations, organization and processes towards this goal, adhering to the present to secure a better future and assisting in the transition of customers.

Reference is made to compliance with reference frameworks such as the Sustainable Development Goals (SDGs) and the Bank-sponsored initiatives are periodically reviewed following the Paris Agreement and the adaptation and acceleration of the 2030 Agenda.

Over the past year, the Sustainable Finance Plan has been integrated into the new ESG (Environmental, Social and Governance) roadmap and launched Sustainable commitment, An action framework that includes a vision for the future of 2025-2050. This strengthens the material aspects while the actions are involved and the ambitions and commitments of the alliances with a new connection such as Net Zero Banking Alliance (NZBA), which strengthens strategies against climate change. In fact, with the latter, Banco Sabadell is ready to secure its credit and investment portfolio In net emissions of neutral greenhouse gases By 2050 at the most, in line with the more ambitious goals of the Paris Agreement.

Accompanying the client to a sustainable economy

Through ESG this way the bank focuses on its customers. For this reason, it wants to accompany them in their ecological transition, generating solutions for all segments through products and services. Specializes in energy efficiency, Renewable energies and mobility. In addition to offering a wide range Sustainable savings and investment opportunities (Father font). Similarly, the organization continues to advance this paradigm and works for a sustainable and cohesive community with projects aimed at accelerating people’s progress and well-being.

In this commitment to sustainability, the Bank joins the challenges of its customers, understands and rectifies their position in the regulatory environment, and, in turn, identifies both physical and transitional risks as well as opportunities for their transformation.

Ecological transition: step by step

The first step is to know which activities are considered sustainable and which are not, thanks to the Internal Eligibility Guide developed by the Bank in accordance with the EU Green Activity Taxonomy. (ᲔᲕᲠᲝᲞᲐ). At the same time, the bank analyzes the environmental impact on the customer, carries physical and transitional risk in the process of obtaining a loan.

The second stage of customer engagement is consulting, which helps to achieve the most understandable regulations with companies. A conversation questionnaire between a client and a business manager that aims to find out the client’s activities and ability to tackle ESG challenges and therefore offer the solutions that best suit their transitional needs.

Then, if necessary, it is accompanied by assistance from European Recovery Funds, which offers comprehensive services. The most suitable subsidy has been identified for this, which facilitates its processing and Co-financing or forecasting the amount of subsidy.

In this regard, the bank has a team specializing in foundations ᲨThe next generation Specific knowledge of the EU as well as the sector, in addition to having its own website and so on partner Prestige of processing. In addition, training is conducted through Hub business. More than 100 last year Webinar And more than 17,600 participants.

The third stage of the customer engagement process is implemented Sustainable funding With sustainability-related transactions. By 2021, Banco Sabadell has contributed more than € 11,000 million in financial products and services, mobilized through sustainable financial solutions, including sustainable application financing, sustainability financing, capital markets and social financing.

The best evidence that the bank’s strategy is robust and well-defined is that 45.7% of corporate loans are from large companies. Related to sustainability. In fact, 30 structured financing projects have been signed, combining the principles of the equator, 97% of which are in line with renewable energy projects.

Green products for companies and individuals

In the case of companies and individuals, by the way, the so-called Green products such as green mortgages or Leasing Sustainable – Eco Leasing Real Estate, Leasing Self-financing to finance photovoltaic installations and eco Leasing Cars for those who have eco or zero energy labels.

In addition, other products are being offered in line with the new needs and opportunities arising from fiscal stimulus by the government: Eco-Reform Expansion Loans; Eco Permanent Amortization Loans (PAC); Loans for owner communities or eco agro loans.

There are many examples of Banco Sabadell’s commitment to sustainability and Fighting Climate Change And its transmission to users. Thus, there are sustainable investment opportunities with solutions such as its own framework for issuing SDGs and launching its own three green issues worth € 1,120 million in the last two years – € 500 million in 2021.

The Bank also assists clients in placing green and sustainable bonds in excess of € 3,500 million and participating in public affairs. As well as through direct investments in renewable energy projects – mainly wind and photovoltaic power plants – through its subsidiary Sinia Renovables, which has a stake in the capital of various companies that install and operate. Solar panels for self consumption In medium-sized companies.