Climate Change Data

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.