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CORPORATE SOCIAL RESPONSIBILITY
Inés García-Pintos
CSR
Why does Cecabank have a CSR policy?
“Cecabank is not far from the environment it works in, and is conscious of
the fact that to strengthen its strategy and relationships over the long term
with its customers and other stakeholders it needs to have environmental,
social, and good governance issues at the core of its activity. We also want to
align ourselves with the responsible practices of our shareholders, members
and clients. As such, we approved the CSR Policy in 2016 which takes into
account the fact that Cecabank is a wholesale bank and has no focus on the
end-consumer, which offers very specialist services to other organisations.
What are the key areas of activity?
Taking into account the wholesale character of our business we have defined
four key areas of activity:
the business itself. The CSR Policy will revolve around environmental and
social aspects and governance, promoting the maximisation of profits in
the long term
responsible and sustainable management of material resources, pro-
moting efficient consumption and a reduction in the company’s impact
on the environment
responsible management of human resources, the company’s main asset
our relationship with the public, including our suppliers, administrators,
and society in general
How is it organised internally?
To give support to these lines of activity, Cecabank has an interdepartmen-
tal committee - the CSR and Sustainability Committee, which represents all
areas of the company, and which meets up on a quarterly basis to motivate
activities and monitor the targets set. This is all outlined and kept up-to-date
on our corporate website and we also include annual performance in the ma-
nagement report approved by our Steering Committee..
What have we worked on in 2016?
The bank’s CSR and Sustainability Committee implemented its Policy and
Constitution in 2016. We have started to develop initiatives in certain areas of
our business. Specifically, we are designing a facility to improve the monitoring
of compliance with sustainable investment policies for pension plans deposited
at Cecabank. We are also incorporating aspects of social responsibility in our
scheme to assess extra-financial risks of our potential counterparties.
In 2017 we would like to expand this to the financial and treasury areas.
We have also developed initiatives in the social field, producing a code for
suppliers inspired by the Global Compact Principles. And we have also conso-
lidated our social action policy which aims to bring together the commitment
of employees and that of Cecabank. As such, all social action is reliant on
these two pillars: employees, Cecabank.
The main programme in this framework is called Tú eliges (You choose) be-
cause the employees themselves propose projects and Cecabank provides
financial resources to the one that receives the most votes. We also give su-
pport to the Food Bank, where many of our former colleagues also work, or-
ganising donation campaigns when humanitarian emergencies hit, as well as
blood donation campaigns, and a Christmas market, etc.
“Cecabank has an
interdepartmental
committee: the CSR
and Sustainability
Committee, which
represents all the
different areas
of the company.”
Cecabank 2016 Annual Report Page. 39
03 CORPORATE CULTURE
3.1
3.2
3.3