CaixaBank launches Climate Risk Unit as part of its Sustainability Directorate

CaixaBank has launched its Climate Risk Unit as part of its Sustainability Directorate, which has seen it bolster its commitment to sustainability.

This new unit will coordinate the deployment of climate and environmental risk management and analysis pursuant to the growing regulatory framework, the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the guidelines of the European Commission on non-financial reporting.

It will be led by Stefan Rodia García-Petit and joins CaixaBank’s other sustainability units, Sustainability Strategy and Monitoring, Sustainability Risks, Sustainable Business and Product Coordination and ESG Communication.

The new unit aims to foster CaixaBank’s commitment to decarbonising its own activity and that of customers through a sustainable business and management model that includes climate risk in its analysis of customers and operations.

CaixaBank recently launched its ESG advisory service to help its corporate and institutional customers analyse and establish a more sustainable position and strategy. As part of the new service, it hopes to promote its customers’ transition towards neutrality in carbon emissions and support them through their processes of adapting, defining and understanding their short and long-term sustainable goals.

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