Sustainability and Commitment
Our philosophy
We maintain a strong commitment to sustainability
The financial sector is key in the transformation process towards a sustainable economy as it enables the channelling of resources to activities that contribute to this transition. Our sector promotes building an inclusive, low-carbon economy with a reduced environmental impact, operating with responsibility towards communities and the social environment.
At Cecabank we are aware of the importance of this transition and of our role, as part of the financial sector, in driving and promoting sustainable finance. We have a strong commitment to our community, which enables us to build long-lasting relationships with our stakeholders based on trust. As a result, we have consolidated our leadership with a responsible business model.
Our experts tell you how
Our model
Sustainability governance
Sustainability Plan
Our alliances and commitments
Our model
Cecabank's social commitment is part of our DNA given the strong social tradition of the CECA sector and its foundations, to which we belong. Our understanding of sustainability has evolved to encompass all relevant areas of ESG.
We have established various communication channels with our stakeholders, where we identify needs and respond to their concerns, and this is the basis for the materiality studies that we update periodically.
In 2024, the Board of Directors of Cecabank approved a new Sustainability Policy, which details the seven commitments to sustainability undertaken by the bank and which contribute to building lasting relationships with its stakeholders.
In addition, three other ESG policies were approved by the Board that same year:
Sustainability governance
Our sustainability governance model elevates ESG issues to the highest level of the organisation and is the responsibility of the Board of Directors, which delegates this function to the Audit Committee.
At Cecabank, we understand sustainability as something that permeates the way we operate. For this reason, all of our governing bodies have identified specific ESG functions.
In addition, we have a Sustainability Committee where these issues are discussed, made up of representatives from all our corporate and business divisions, which reports directly to the Management Committee and the Strategy Committee.
The Branch of sustainability and commitment social is the one responsible for dynamise, coordinate and execute, when corresponds, the stock ESG in our company.
Sustainability Plan
The Board of Directors of Cecabank approved in 2025 the Management Plan of Sustainability 2025-2027, with the aim of maintaining to the aligned company with the best practices and comply with the compromises acquired.
This new strategic period, poses 5+1 objectives in sustainability, in the fields of Transparency, Risk management ESG, People, Environment and Culture and governance. With the concurrent objective of assessing the performance of Cecabank in line with the market and the best practices, maintaining a regulatory radar and of market, linked to business.
To reach these objectives, Cecabank elaborates annual action plans that they are approved by the Board of Directors. These plans include specific actions for each of the set objectives, ensuring thus the fulfillment of the commitments and the alignment with the best practices in sustainability.
Our alliances and commitments
Sustainability management
Commitment to people
Impacting on people
Our talent as a differential value of the bank: diverse, committed and specialised.
Since 2021, Cecabank has been awarded the EFR (Family Responsible Company) Certificate by Fundación Másfamilia, which honours those institutions that pursue work-life-family balance, and which support equal opportunities and the inclusion of the most disadvantaged groups.
Cecabank receives the stamp of «Company Socially Responsible with its staff», by the Fundación Alares and Fundación Diversity. This recognition considers the effort in the development of policies of human resources and the availability of welfare services that promote the conciliation work-family thanks to the programme «ckb with you».
Cecabank is committed to people, putting our professionals at the forefront and improving their experience and that of their loved ones during every moment of their lives. To this end, it provides a wide range of social benefits, a work-life balance programme and an ambitious health and wellness plan.
Cecabank has signed on to the Empowering Women's Talent and Diversity Leading Company programme, the main objective of which is to raise awareness throughout the organisation on the richness of having a diverse workforce, as well as to promote female talent in positions of responsibility.
Social impact: generating an impact on our environment with the participation of our employees.
In 2024, making good use of the X anniversary of the programme, the financial contribution of the 100,000 was increased euros of last years to 150,000 euros set aside for different foundations, associations and NGO that they are proposed and voted by employees.
Cecabank family
Commitment with the governance
Complying with the highest market standards
Culture of sustainability:
Sustainability is one of our corporate values and is integrated transversally across the organisation.
Good governance, ethics and compliance:
Cecabank has the firm will to operate responsibly while complying with applicable legal regulations and demonstrating its support for Human Rights.
Responsible supply chain:
Alignment of our suppliers with Cecabank's values and objectives.
Cybersecurity:
Applying the highest standards in cybersecurity, data protection and information management in our corporate and business models.
Environmental commitment
Environmental risk and impact management and climate change management
Calculation and management of our Carbon footprint
Since 2017, we calculate and verify our Carbon Footprint annually according to international benchmark standards (GHG Protocol and ISO 14064).
All emissions that we fail to reduce are offset with national and international projects, aiming for climate neutrality in our Scope 1+2 and key Scope 3 categories.
The measures taken by the bank to manage its carbon footprint have been certified with the "calculo, reduzco y compenso (I calculate, reduce and offset)" seal awarded by the Spanish Office for Climate Change of the Ministry for Ecological Transition and the Demographic Challenge.
Cecabank has committed to the Spanish Collective Commitment to Climate Action promoted by UNEP FI, pursuant to which it undertakes to set emission reduction measures in its portfolio, in order to keep global temperatures in line with the Paris Agreement.
Environmental risks
We work to integrate environmental and climate change aspects into our risk model. This process not only seeks to add a new risk typology but also to bring this sustainable perspective to existing categories, integrating it into the risk management of the bank's various specialised units.
Sustainable business
Our value proposition to the market: Solvency, Excellence and ESG business.
Some of our ESG business lines:
SRI verification of the funds
We verify that financial vehicles, which are SRI and are under our supervision, actually meet the corresponding levels of socially responsible investment.
Proxy Voting
Cecabank offers this voting service on securities held in any market in the world; tax accreditation and tax claims services, based on automated processes through Robotic Process Automation and the portfolio management support service through tri-party accounts including the option of digital onboarding.
Green issues
Cecabank traded in 2021 with 54 benchmarks considered "green" in both government and corporate debt. The first green bond issued by the Spanish Treasury, which issued €5 billion in syndicated issues in September 2021, was issued with a demand of over €60 billion.
Next Generation EU
This year, Cecabank was designated by the European Union as a member of the European market maker network (Primary Dealer Network). The first EU issues in which it participated were the macro debt issues that will finance the Next Generation EU Recovery Fund, the €750 billion aid package for Europe's economic, green and digital transformation.
Technological services
Via our Payment business and Platforms look for provide to our fast solutions clients, sure and sustainable. Our digital services promote the reduction of the consumer spending of role of our clients. Additionally add environmental criteria in our operations, as the purchase of electricity 100% renewable that we use in the centres of data processing and in our branches. In addition, in Cecabank have reduced significantly our carbon footprint and we compensate our extent issuances 1 and 2 and part of the extent 3. All of this minimises and compensates our services' environmental impact and of the value chain of the financial sector.
