Climate Change Data

Caja Laboral Gestión SGIIC, SA

Climate Impact & Sustainability Data (2019, 2021, 2022, 2023)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:4,849 tCO2e/year (consolidated)
Scope 1 Emissions:160 tCO2e/year
Scope 2 Emissions:3,616 tCO2e/year
Scope 3 Emissions:1,069 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:12,915,786 Kwh/year (consolidated)
Water Consumption:10,898 m3/year (Headquarters)
Waste Generated:162,283 kg/year (consolidated)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Equality
  • Environment
  • Supplier Management
  • Economic and Social Progress

Environmental Achievements

  • Renewed ISO 14001 certification for central headquarters buildings.
  • Participation in the EKIAN solar plant, the largest photovoltaic plant in the Basque Autonomous Community.
  • Reduction in paper consumption (though specific figures are not consistently provided across the report).

Social Achievements

  • Implementation of the III Berdintasuna Plan - Equality Plan, and preparation of the IV.
  • Launch of BIDEAN, a new system for personal development.
  • Launch of the ZAINDUZ Health Plan.
  • Support for creating and consolidating companies through MONDRAGON, resulting in 405 companies created and 787 jobs.

Governance Achievements

  • Adaptation of the manual governing the procedure for selecting and assessing the suitability of directors and key office-holders to the EBA guidelines.
  • Incorporation of the "CNMV Technical Guide 1/2019 on Appointments and Remuneration Committees" into internal procedures.
  • Update of the policy for the selection, appointment, reappointment and diversity of candidates for governing directors.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Replace electricity supply with renewable sources.
  • Develop a green financing product.
  • Apply SRI criteria to 100% of assets managed.
Short-term Goals:
  • Reduce paper consumption by 8%
  • Reach 85% staff compliance with emergency training

Environmental Challenges

  • Sustaining profitability in an environment of extremely low interest rates.
  • Managing solvency in a complex market environment.
  • Increasing market shares in different regions and segments.
  • Driving growth in the insurance business.
  • Reviewing risk appetite framework and risk policies.
  • Managing surplus liquidity in an unstable environment.
  • Addressing the potential impact of the climate crisis on the organization and its surroundings.
Mitigation Strategies
  • Strategic Plan for 2020-2022 with focus on profitability, solvency, business strategy, insurance business, risk policy, and treasury and capital markets.
  • Implementation of measures to extend risk culture in the network and improve internal models.
  • Sustainability and corporate governance integrated as transversal elements in the Strategic Plan.
  • Commitment to 10 measurable sustainability objectives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Responsible purchasing policy
  • Supplier code of ethics
  • Code of conduct for responsible purchasing

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: the exhaustive option, Law 11/2018 on non-financial information and diversity

Certifications: ISO 14001

Third-party Assurance: AENOR

UN Sustainable Development Goals

  • Goal 5 (Gender equality)
  • Goal 8 (Decent work and economic growth)
  • Goal 9 (Industry, innovation and infrastructure)
  • Goal 10 (Reduced inequalities)
  • Goal 17 (Partnerships for the goals)

Various initiatives aligned with these SDGs are described throughout the report.

Sustainable Products & Innovation

  • Micro-loans
  • Loans for social economy companies
  • Secured Cards
  • Personal loans
  • Agreements and arrangements with various organizations

Awards & Recognition

  • 1st Prize for Experiences of Equality between Women and Men in companies in Gipuzkoa (2018)
  • Award for contributing most to supporting entrepreneurship (2017)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1154 tCO2e/year
Scope 1 Emissions:213 tCO2e/year
Scope 2 Emissions:0 tCO2e/year
Scope 3 Emissions:940 tCO2e/year
Renewable Energy Share:100% of electricity from renewable sources
Total Energy Consumption:41183 GJ/year
Water Consumption:6363 m3/year
Waste Generated:311496 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • 76.2% reduction in CO2 emissions for LABORAL Kutxa as a whole
  • 11.02% reduction in paper consumption
  • Completed the ISO 45001 certification audit for the occupational risk prevention system.

Social Achievements

  • Achieved gender parity in the Governing Board (46% women)
  • Created 278 companies through the Gaztenpresa Foundation, creating 547 jobs.
  • 43% of positions of responsibility in Central Services held by women

Governance Achievements

  • Updated the policy for the selection, appointment, reappointment and diversity of candidates for governing directors
  • Modified the composition of the four committees of the Board of Directors
  • Worked on statutory changes relating to the number of members of the Board of Directors, the age limit, the number of directors and non-member directors, and the remuneration policy for members of the Board of Directors.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce CO2 emissions by 75% (ongoing)
  • Reduce paper consumption by 30% (ongoing)
  • Apply SRI criteria to 100% of assets managed (ongoing)
Short-term Goals:
  • Apply the new psychosocial risk assessment methodology (2022)
  • Launch initiatives to tackle psychosocial risks in the workforce through Zainduz (2022)
  • Implement a sustainable finance strategy (2022)

Environmental Challenges

  • Achieving a 75% reduction in CO2 emissions (target not fully met in 2021)
  • Achieving a 30% reduction in paper consumption (target not fully met in 2021)
  • Annual target for creating companies through Gaztenpresa Foundation not reached
  • Implementing a sustainable finance strategy and integrating ESG elements into investment products and own investments.
Mitigation Strategies
  • Defined a roadmap for implementing the sustainability strategy
  • Worked intensively throughout the year to adapt systems to comply with regulations and integrate sustainability risks into risk models.
  • Obtained energy rating for all mortgaged properties.
  • Launched the LABORAL Bybike sustainable mobility programme.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Responsible purchasing policy
  • Supplier code of ethics
  • Code of conduct for responsible purchasing

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Comprehensive option

Certifications: ISO 14001, ISO 45001

Third-party Assurance: AENOR

UN Sustainable Development Goals

  • Goal 5 (Gender equality)
  • Goal 8 (Decent work and economic growth)
  • Goal 9 (Industry, innovation and infrastructure)
  • Goal 10 (Reduced inequalities)
  • Goal 17 (Partnerships for the goals)

Various initiatives described in the report contribute to these goals.

Sustainable Products & Innovation

  • Loans for social economy companies
  • Secured Cards
  • Personal loans
  • Green finance facility (planned)

Awards & Recognition

  • Euskalit recognition for March 8th initiative

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1110 tCO2e/year (Operational Footprint)
Scope 1 Emissions:129.43 tCO2e/year
Scope 2 Emissions:0 tCO2e/year
Scope 3 Emissions:3461.23 tCO2e/year
Renewable Energy Share:100% of total energy use
Total Energy Consumption:10,570,653 KWh/year
Water Consumption:7,124 m3/year (Headquarters)
Waste Generated:174,928 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced CO2 emissions by 77.10%
  • 100% of electricity consumption from renewable sources since 2019
  • Launched a credit for neighborhood communities aimed at building restoration with sustainability criteria
  • Comprehensive energy refurbishment of the LK3 building started

Social Achievements

  • Launched a credit for neighborhood communities aimed at building restoration with sustainability criteria
  • Began transformation of investment funds with greater integration of ESG aspects
  • Implemented a Flexible Working Model
  • Continued the Zainduz Health Management Plan

Governance Achievements

  • Established the Sustainability Committee
  • Created the Sustainability Office
  • Drafted a second report following the guidelines of the TCFD
  • Updated the policy for the selection, appointment, reappointment and diversity of candidates for governing directors

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce paper consumption by 50% by the end of 2024

Environmental Challenges

  • Complexity of incorporating ESG criteria still under development and limited data availability
  • Need to align sustainability strategy with Zentua (the process of defining LABORAL Kutxa's purpose)
  • Adaptation of the product catalogue in all lines of business
  • Reducing the activity’s direct impact
Mitigation Strategies
  • Established governance of sustainability for the LABORAL Kutxa Group
  • Created a Sustainability Committee and Office
  • Drafted a second TCFD report
  • Implemented various risk integration projects, including a heat map measuring exposure to sustainability risks

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritize local purchases
  • Supplier Code of Ethics requiring compliance with environmental, human rights, and equality principles

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 45001

Third-party Assurance: AENOR

UN Sustainable Development Goals

  • Goal 5 (Gender equality)
  • Goal 8 (Decent work and economic growth)
  • Goal 9 (Industry, innovation and infrastructure)
  • Goal 10 (Reduced inequalities)
  • Goal 17 (Partnerships for the goals)

Various initiatives described throughout the report contribute to these goals.

Sustainable Products & Innovation

  • Sustainable Rehabilitation Pack
  • Loans for social economy companies
  • Loans for renewable energies

Awards & Recognition

  • Sports Company Award at the Kirolgala
  • Premio Master Marketing
  • enerTIC Awards
  • Computing 2020 Award

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: SFDR

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed