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THE COMMITMENT TO FIGHT CLIMATE CHANGE IS FULLY PRESENT IN THE BANK’S DECISION-MAKING PROCESS.

Bankia aims for sustainability in its business model and works to foster growth that thoroughly respects the environment. Environmental management is therefore an integral part of the bank’s decision-making process and is aligned with its business strategies, making environmental governance a part of its overall management. It has an environmental policy, founded on its values, that is expressed through:

  • Commitment to the fight against climate change.
  • Professionalism, ensuring that its professionals are properly trained and aware.
  • Achievement orientation, through the continuous improvement of environmental management, the setting of specific targets and the use of indicator systems.
  • Integrity based on transparent action.
  • Closeness to suppliers, involving them in joint management of environmental challenges and opportunities.
  • Commitment to the fight against climate change.
  • Professionalism, ensuring that its professionals are properly trained and aware.
  • Achievement orientation, through the continuous improvement of environmental management, the setting of specific targets and the use of indicator systems.
  • Integrity based on transparent action.
  • Closeness to suppliers, involving them in joint management of environmental challenges and opportunities.

To put its commitment and concern for the environment into effect, Bankia has the 2017-2020 Eco-efficiency and Climate Change Plan. This plan sets ambitious but realistic challenges and points the path to be followed to achieve one of the 21st century’s major goals: carbon neutrality by 2050.

  • Increase to seven the number of Bankia’s emblematic buildings with an environmental management system certified to the ISO 14001:2015 standard.
  • Reduce greenhouse gas emissions by 20%, while offsetting unavoidable emissions.
  • Reduce energy consumption by 19% and water, paper and toner consumption by 5%.
  • Reduce waste generation by 5% and seek alternatives for the main types of waste generated by the bank within the context of the circular economy.
  • Promote respect for the environment and transition towards a low-carbon economy by avoiding purchases or procurements that could entail a greater environmental risk or impact.
  • Extend the environmental culture throughout the organisation by means of environmental training and awareness building.


6,3
MILLION €
TOTAL INVESTMENT IN ENVIRONMENTAL MATTERS

CONSUMPTION OF MATERIALS1 2018 2017 2016 UNITS
Consumption of recycled paper (DIN A4)2 869,97 736,92 651,39 Tonnes
Consumption of white paper made from virgin pulp with a low environmental impact (DIN A4)3 1,83 1,66 1,55 Tonnes
% of paper used that is made from ECF virgin pulp (DIN4) 100 100 100 Percent
% of paper used that is recycled (DIN A4) 99,79 99,77 99,76 Percent
Consumption of toner cartridges 20.084 13.871 15.057 Units
% of toner cartridges used that are recycled 12,48 24,34 88,38 Percent

 

ENERGY AND WATER CONSUMPTION1 2018 2017 2016 Units
Primary energy consumption 19.566 15.580 15.550 Gigajoules
Natural gas consumption 2 15.501 10.465 10.841 Gigajoules
Liquid fuel (oil and petrol) consumption 4.065 5.115 4.709 Gigajoules
Electricity consumption 3 353.651 312.950 326.127 Gigajoules
Water consumption 4 464.393 240.538 244.516 Cubic metres

 

BANKIA PREVENTED THE EMISSION OF 39,800 TONNES OF CO2 BY BUYING GREEN ENERGY WITH GUARANTEES OF ORIGIN

EMISSIONS1 (tonnes) 2018 2017 2016
Scope 1 emissions 2,3
Direct CO2e emissions from natural gas consumption 886,2 595,2 616,6
Direct CO2e emissions from fuel consumption 265,1 354,3 316,8
Direct CO2e emissions from refrigerant gas recharging 2.611,8 2.914,5 2.810,1
Direct CO2e emissions from business travel4 600,9 681,7 705,0
Scope 2 emissions
Indirect CO2e emissions from electricity consumption5 2.418,7 0 0
Scope 3 emissions2
Indirect CO2e emissions from business trips6 3.353,7 2.352,0 2.366,5
Indirect CO2e emissions from business trips 300,2 298,2 294,4
Indirect CO2e emissions from business trips 8,1 7,9 8,2
Indirect CO2e emissions from business trips 1.481,8 1.236,5 1.087,1
Indirect CO2e emissions from business trips 159,7 82,7 84,1
EIndirect CO2e emissions from business trips 22,5 23,9 26,2
Other emissions7
CO emissions 0,24 0,19 0,19
NOx emissions 1,82 1,40 1,41

 

ENVIRONMENTAL MANAGEMENT

In 2018, Bankia obtained ISO 14001:2015 certification for the building at Calle Triana, 20 in Las Palmas. This certification adds to those already obtained for the buildings at Pintor Sorolla, 8 in Valencia and at Paseo de la Castellana, 189, and Las Rozas in Madrid. Thus, four of Bankia’s emblematic buildings now have a certified environmental management system.

CLIMATE CHANGE

Bankia’s commitment to implement measures aimed, for example, at reducing greenhouse gas emissions and offsetting its carbon footprint has been recognised with the award of Ministry for the Ecological Transition’s "Calculo/ Compenso" seal.

During 2018, the bank offset 12% of its CO2 emissions in projects through the purchase of carbon credits from the Spanish Refo-resta CO2 project, which is included in the Ministry for the Ecological Transition’s register of carbon footprint, offsetting and carbon capture projects, and from two Gold Standard certified international offset projects.

After the integration of BMN, the terms of the electricity supply contracts for any branches and buildings that did not use electricity produced from renewable sources were renegotiated. Thus, since April 2018, 100% of the electricity consumed in Bankia is green electricity with a guarantee of origin.

Also, within the framework of the specific greenhouse gas reduction plan, more than 3.6 million euros were invested in the renewal of air conditioners, which resulted in a 10.4% reduction in greenhouse gas emissions.

ECO-EFFICIENCY

During 2018, the bank invested more than 2018 euros in adapting the telemanagement systems of former BMN buildings and branches to Bankia’s efficient management criteria.

Paper consumption has been reduced by eliminating paper correspondence for digital customers and expanding the use of digital signatures, so that most contracts with customers are signed digitally.

WASTE MANAGEMENT

In an european context that promotes the circular economy for the reuse of waste, Bankia continued its campaigns of donations of furniture, electrical and electronic equipment and writing materials. These donations, of which there were 55 since 2016, represent an important contribution to the work of social NGOs and avoid waste generation.

WASTE MANAGEMENT1 (tonnes) 2018 2017 2016
NON-HAZARDOUS WASTE SENT FOR REUSE OR RECYCLING
Paper waste 596,80 613,93 688,99
Electronic waste 370,73  419,01 498,32
Toner waste 51,21 35,37 38,39
Battery waste 0 0,10 0,21
Packaging waste 2 33,17 26,91 19,75
Glass waste 2 0,89 0,86 0,46
Vegetable oil waste 0,05 0,06 0,05
NON-HAZARDOUS WASTE SENT TO LANDFILL
Portable electronic device waste 0,09 0,67 0,06
HAZARDOUS WASTE GENERATED
Hazardous waste handled by an authorised waste management company and recycled 0,10 0,53 0,65
Hazardous waste handled by an authorised waste management company and sent to secure landfill 0,02 0,04 0,03

 

SUSTAINABLE PURCHASING AND SERVICES PROCUREMENT

To foster collaboration with those of its suppliers that have the greatest environmental impact, Bankia offers them the possibility of participating in training and awareness days, in which they are offered basic information about environmental regulations and management and are informed about industry best practices. These information days are also a forum for open dialogue, generating a virtuous circle of continuous improvement and helping to make Bankia a steadily more sustainable and committed organisation.

ENVIRONMENTAL AWARENESS

To extend the environmental culture among the bank’s professionals, a section was created in the ‘Somos Bankia’ in-house magazine for the publication of practical environmental information. The issues discussed in this section include the circular economy, sustainable households and green financial products.

COMMITMENT TO SUSTAINABLE MOBILITY AND THE LOW-CARBON ECONOMY

 

The bank’s climate change actions demonstrate its commitment to sustainable mobility:

  • 72.5% of fleet vehicles are hybrids with low CO2 emissions.
  • Parking facilities for bicycles have been provided at the two buildings with the most employees (Paseo de la Castellana, 189 and Las Rozas).
  • New technologies continue to be used in all job positions to facilitate videocalls and video presentations, thus avoiding thousands of trips.
  • Specific campaigns were conducted via the Intranet to promote alternatives to the private vehicle as a means of transport.

ALLIANCES AND INITIATIVES

Bankia considers it essential to join initiatives and build alliances that promote increased environmental awareness and allow sharing of experiences, achievements and concerns in the fight against climate change and the preservation of biodiversity. For that reason it participates in the following initiatives:

In Spain

The bank is a member of Forética’s Climate Change Cluster, Grupo Español para el Crecimiento Verde and Plataforma Española de Acción Climática. Since 2018 Bankia has also been a strategic ally of Comunidad por el Clima, a group that advocates urgent action against climate change. Within this framework, Bankia took part in the first Green Friday Challenge, an annual event aimed at showcasing the growing range of responsible goods and services, encouraging people to buy them and promoting changes in consumption habits.

At international level

Bankia participates in Earth Hour (WWF) and RE100. Created by CDP and The Climate Group, REE brings together the world’s most influential companies that are committed to the use of renewable power and that have also set public targets for their renewable energy use.

CHALLENGES FOR 2019

The environmental challenges for 2019 centre on working to meet the targets of the Eco-Efficiency and Climate Change Plan, which include obtaining ISO 14001:2015 certification for the Calle Miguel Villanueva, 9 building in Logroño; expanding the scope 3 categories reported in Bankia’s carbon footprint; and offsetting CO2 emissions either by directly purchasing emission rights or by collaborating in carbon offset projects and extending energy efficiency measures to new branches.

INNOVATION, SUSTAINABILITY AND CIRCULAR ECONOMY PROJECTS

With the support of Conector, Bankia presented its third acceleration programme for startups whose product or service fits within the concepts of the circular economy, sustainability or the optimisation of resource management.

The acceleration programme provides:

  • Mentoring: A group of high-level mentors, all of them senior manager at Bankia or other organisations in other areas, will form a three- to five-member board who will monitor the selected startups.
  • Training: Weekly workshops on key issues in a startup’s development, with speakers who are experts in different areas.
  • Support and monitoring: The Programme Manager and Conector’s financial specialists will help the startups develop their business plan, design the initial round of financing and prepare their pitch to investors.
  • Communication: Help will be provided in drawing up a communication plan.
  • Office space: Access to a work space in a Bankia coworking centre for a team of two people.
  • Partners: Assistance in the form of services and perks valued at more than 400,000 euros, thanks to programme partners such as Amazon and PayPal, among others.
  • Access to investment: On completing the programme, the projects may be presented to a group of investors and business angels at a Demo Day.

The projects that have passed the selection phase and so will be mentored are:

  • Hoop. A solution to optimise vehicle occupancy. The Hoop platform puts drivers and passengers who share the same origin or destination in contact with one another.
  • Flip&Flip. A brand of sustainable designer rucksacks made out of recycled materials.
  • RecircUP. A software platform that is installed in conventional waste containers and equips them with Internet of things technology. It includes gamification, an information dashboard and real-time container monitoring.
  • Ecodicta. A subscription platform for clothing rental at affordable prices, with sustainable producers and established brands.
  • Rentya. A circular economy platform for product rental between individuals and companies that extends the life cycle of tangible assets.
  • Recyclers. An online platform for direct purchase of sustainable upcycling articles from their creators at affordable prices.
  • Niimaar: An e-store for zero waste products.

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