Urbas Grupo Financiero, S.A.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:2,182 tCO2eq
Renewable Energy Share:19%
Total Energy Consumption:1,989,853 kWh
Water Consumption:33,417 m3
Waste Generated:67,588 tons
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Most of the Group’s companies have a certified environmental management system in place.
- Significant progress in the area of equality, especially in the area of work-life balance.
Social Achievements
- Implementation of work disconnection policies
- Significant progress in the area of equality, especially in the area of work-life balance.
- Total number of training hours broken down by professional categories
Governance Achievements
- Implementation of a communication policy with shareholders, institutional investors and proxy advisors
- Implementation of a Compliance Programme observing and monitoring compliance with tax legislation
Climate Goals & Targets
Environmental Challenges
- Rapid inorganic growth made it difficult to integrate occupational risk prevention policies at the same rate.
- The Group is still in the process of developing a global environmental policy that unifies the environmental policies of each of its entities.
- Current price increases due to inflation, the conflict in Ukraine, and increased energy and fuel prices.
Mitigation Strategies
- Proactive risk management to detect, analyze, assess, and mitigate risks.
- Periodic assessment of impacts on projected costs of ongoing projects.
- Development of a global environmental policy and common risk management policy.
Supply Chain Management
Responsible Procurement
- Due diligence on suppliers, subcontractors, and business partners (Joca)
- Supplier accreditation based on various criteria (Ecisa)
- Contractual clauses on anti-corruption and compliance with the Group’s Code of Ethics (Joca)
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- New emission limits
- Restrictions on GHG emissions
- Energy certification requirements
- Emission limitations for public tenders
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 9001, ISO 14001, ISO 45001, EMAS, BREEAM, Passivhaus
Third-party Assurance: Baker Tilly Auditores, S.L.P.
UN Sustainable Development Goals
- SDG 7
- SDG 11
- SDG 12
- SDG 13
Initiatives contribute to affordable and clean energy, sustainable cities and communities, responsible production and consumption, and climate action.