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Sector analysis


Carbon performance score by category


100 90 80 70 60 50 40 30 20 10 0


Governance Global 500 Strategy CDLI Iberia 1256 Iberia 125


Stakeholder engagement


Financials


Emissions Performance


Opportunities identified


• Increase investment in renewable energy projects, energy efficiency and innovative clean tech companies.


• Increase investment in carbon funds, such as the European Carbon Fund and the FC2E Carbon Fund for Spanish Companies.


Risks detected


• Uncertainty surrounding new regulations (emissions trading, carbon tax, fuel tax, subsidies).


• Uncertainty around physical risks which could impact investments.


• Higher risks associated with increased credit risk. Offer products and services to reduce emissions


Low carbon solutions • Development of creative and innovative financial solutions.


• Financial products, including loans to retail/private clients, mortgages, corporate loans for clients to reduce carbon emissions by using renewable energy.


Volume of emissions and trends in the past year Total GHG


Banco Santander BBVA


Banco Com. Português Emission reduction objectives


Banco Espírito Santo Banco Sabadell Mapfre Banif


Bankinter


Banco Popular Español Criteria Caixa Corp


emissions (scope 1 + 2) (t CO2 453,442


329,870 80,399


Caixa Geral de Depositos 51,073 Banesto


21,186 19,282 17,746 17,518 13,020 7,594 2,168 360


Variation from


e) previous year 4%


-39% -10% -2% -2%


-24% -17% -44% 18% -3% 0%


-5%


6 This figure compares average values of the Carbon Performance score. Yet we continue to use as a reference the group of companies that comprise the CDLI, since CPLI is a very small sample that may not be representative.


33


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