When “bank” means “social, environmental and governance compliance”

To advance on sustainable issues, more and more companies are creating a roadmap based on activities and services through which they can reduce their environmental impact and direct their actions on social issues. In this scenario, Banco Sabadell has become a role model. The entity's commitment to community, environment and governance was reflected in 2022, when the bank defined its business framework. Sabadell's Sustainable Commitment, which develops action plans around four strategic pillars It is aligned with the Sustainable Development Goals (SDGs).

Within this framework, various sustainability actions are grouped based on four strategic pillars: moving forward as a sustainable entity, accompanying customers in… Transition towards a sustainable economyProviding investment opportunities that contribute to sustainability and working together to create a sustainable and cohesive society.

Moreover, in Sabadell's sustainable commitment Its framework has also been reflected in accordance with ESG (environmental, social and governance) criteria.As an element of transformation, a driver of corporate competitiveness, and a generator of more positive social and environmental impact for people and planet

This entity's continued progress in sustainable matters has paid off. Banco Sabadell is not only increasing its business in sustainable areas, but has also gained external recognition for it. An example of this is the latter Listed in the Dow Jones Sustainability Index (DJSI) in Europe And ratings obtained by environmental, social and governance rating agencies such as Sustainalytics classification and ISS classification of companies.

Dow Jones Sustainability Index (DJSI) Europe

Only eight European banks were included in the 2023 Dow Jones Sustainability Europe Index (DJSI), the Dow Jones Sustainability World Index, and Banco Sabadell was one of them. DJSI is prepared by Standard & Poor'san American risk rating agency responsible for selecting the best European entities in terms of sustainability based on their rating in the Corporate Sustainability Assessment (CSA), an agency Annual assessment that assesses economic, environmental and social dimensionsIt evaluates around 150 European companies from 25 different sectors.

On this occasion, Banco Sabadell achieved a Total score is 75 points Out of 100, it received the best rating in the areas of transparency, reporting, climate strategy and human rights.

ISS company classification

The ISS corporate rating also reflects the significant progress that banks have made in terms of sustainability. The ISS Sustainable Investment Rating Agency prepares its own ISS Corporate Rating Evaluate policies, objectives, metrics and manage sustainability-related issues In its three aspects (environmental, social and governance), this is done on a scale starting from A+, which is the highest grade, to D-, which is the lowest.

This agency recently improved Banco Sabadell's rating, with the rating ranging from C- to C+, Place the Spanish entity in the main categorywhich is a reference site in relation to other similar entities, national and international, in the category of commercial banks (“commercial banks”).

Sustainability assessment

Added to the previous two examples is the recent evaluation of Sustainalytics. This company, which rates the sustainability of publicly traded companies based on… Environmental, social and corporate governance performanceHe highlighted the significant progress made in strengthening Banco Sabadell's governance model. At the same time, he highlighted lower risks in aspects related to data privacy and security, business ethics, responsible finance, and human capital.

Taking these factors into consideration, Sustainalytics grants Banco Sabadell financing ESG risk is 15 out of 100It is a rating equivalent to “low risk” and sets the entity as a benchmark among its competitors.

In addition, the bank received other very good ratings in other relevant sustainability ratings, e.g MSCI (Morgan Stanley Capital International), a company that produces indices that measure the performance of stocks, funds, and bonds; In Fitch's Sustainability ESG Ratings, which assesses the performance and environmental, social and governance profile of entities and instruments, and in the Carbon Disclosure Project, which helps companies disclose their environmental impact.

All these qualifications position Sabadell as a reference entity in terms of sustainability and an example of a company committed to environmental care and environmental preservation. Promoting social development As elements of transformation.