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Commitment to Sustainability

At Banco Sabadell we continue to move forward in our activity and organisation in order to support and accelerate the important economic and social transformations that contribute to sustainable development and the fight against climate change. Firm in this commitment, we have established our Commitment to Sustainability, a framework for action that ensures the integration into our strategy of a forward-looking vision for the period 2025-2050 in relation to environmental, social and governance (ESG) commitments, that aligns our business objectives with the Sustainable Development Goals (SDGs), and that establishes action levers to generate transformation and promotion activities. To do this, we have brought on board all of the Institution’s corporate bodies and we have established four strategic pillars, which we are already working on:

 

- Progress as a Sustainable Institution

- Support customers in the transition to a sustainable economy

- Offer investment opportunities that contribute to sustainability

- Work together for a sustainable and cohesive society

 

SabadellCommitmentToSustainability

Our commitments and objectives

Progress as a Sustainable Institution

As an Institution, we are making progress with the new challenge of sustainability, integrating social, environmental and good governance aspects in our management. The Bank has designed its governance model and organisational structure along these lines.

We are fostering responsible policies and practices among employees to promote the preservation of the environment and the development of a fairer, more respectful society.

Commitments:

1. Be neutral in greenhouse gas (GHG) emissions as an Institution

2. Continue reducing our own consumption

3. Move forward with diversity in the Institution

4. Ensure the recruitment and development of talent, as a leading company with an employee value proposition

5. Align the governance framework to the new sustainability context

6. Maintain active communication with stakeholders

7. Continue to ensure responsible and transparent taxation

8. Have a supply chain with critical suppliers that have undertaken a formal commitment to sustainability

9. Participate in global initiatives and partnerships related to sustainability


Download the chapter to see the progress, objectives and actions of each commitment

Support customers in the transition to a sustainable economy

At Banco Sabadell we support customers in the transition towards a sustainable economy. We provide them with the information, advice, products and services that they need We help customers overcome their challenges, by understanding their situation and aligning it with the regulatory environment, whilst also identifying both the physical and transition risks and their opportunities for transformation.

We advise our customers on the transition, by creating solutions for all segments through products and services specially designed for energy efficiency, renewable energies and mobility.

Commitments:

1. Decarbonise the balance sheet by reducing the carbon footprint of the portfolio

2. Ascertain the sustainability performance level of our business customers

3. Mitigate the impact of climate-related factors on credit risk

4. Raise awareness about the importance of the ecological transition

5. Offer sustainable finance solutions

6. Offer sustainable mobility solutions

7. Promote the energy transition

8. Offer social financing solutions


Download the chapter to see the progress, objectives and actions of each commitment

Offer investment opportunities that contribute to sustainability

We make it easier for investors to contribute to society by promoting sustainable finances and making them an essential part of the strategy and customer service offering.

We expanded ESG investment solutions by issuing bonds linked to the Sustainable Development Goals and we facilitate the placement of sustainability bonds in capital markets.

We contribute to responsible investment by supporting renewable energies, promoting entrepreneurship and boosting the ethical funds and the sustainable investment assets of the leading asset manager in the sector.

Commitments:

1. Issue bonds linked to the Sustainable Development Goals

2. Contribute to the issuance of customers’ sustainability bonds

3. Drive capital investment in renewable energy projects

4. Promote entrepreneurship actions and strengthen participation in ESG impact funds

5. Boost the sustainability fund offer

6. Disclose and report on ESG matters to the market


Download the chapter to see the progress, objectives and actions of each commitment

Work together for a sustainable and cohesive society

At Banco Sabadell, we contribute to the transition towards a more sustainable and cohesive society through ethical and responsible management. We are also committed to data privacy and cybersecurity.

We promote volunteering, education and financial inclusion, as well as charitable activities. We place special focus on supporting customers in vulnerable situations with social housing management initiatives and employability programmes.

Through the Banco Sabadell Foundation, we promote outreach, training and research activities in the fields of education, sciences and culture, and we support young talent to achieve a more prosperous and promising future.

Commitments:

1. Promote education and financial inclusion

2. Support customers in vulnerable situations

3. Encourage corporate volunteering and charitable actions

4. Foster culture and talent by promoting education and research activities through the Banco Sabadell Foundation

5. Ensure the privacy and security of personal data and of transactions


Download the chapter to see the progress, objectives and actions of each commitment

Objectives 2025

Some examples of the progress made in our commitments include:

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More information can be found in Commitment to Sustainability (with details of progress, actions and objectives).