This firm commitment to sustainability and respect for the environment is included in the Bank's Environmental Policy, which establishes the means and procedures for the activities whose environmental performance has room for continuous improvement.
In driving the actions and initiatives aimed at improving environmental performance, the Sustainability Area is supported by the Sustainability Committee, the body responsible for guiding the Group's sustainability policy and programmes.
Strategy for climate change
As a financial entity concerned with, and committed to, fighting climate change and the deterioration of natural capital, Bankinter has undertaken the challenge to create a corporate climate change and natural capital strategy.
Bankinter has been working on a strategy to identify and mitigate risks associated with climate change and support initiatives in favour of fairer and more sustainable social and environmental development for people and the planet.
This strategy has a risk and opportunities analysis for the banking and finance sector in order to meet the challenge of transforming society and transitioning the current economic and production model to a new production model in line with sustainable development targets and the international agenda for ecological transition. Bankinter has already joined other entities that have voiced their support for the recommendations of the Task Force on Climate-Related Financial Disclosures, in order to include climate change within its management of risks and opportunities.
Its corporate climate change and natural capital strategy is centred on the following core objectives:
- - Objective 1: Assess and reduce environmental risks relating to climate change in Bankinter?s businesses.
- - Objective 2: Expand operations relating to sustainable finances, by creating products related to all the bank?s areas of activity (savings, investment, credit, management and/or payment products).
- - Objective 3: Carbon neutrality by the end of 2020 (scopes I and II).
- - Objective 4: Involve all the bank?s stakeholders in a joint commitment to fighting climate change.