CaixaBank unveils new ESG advisory service

CaixaBank has launched a new ESG advisory service to help its corporate and institutional customers analyse and establish a more sustainable position and strategy.

According to CaixaBank, with its new service it is seeking to promote its customers’ transition towards neutrality in carbon emissions and guide them through their processes of adapting, defining and understanding their short and long-term sustainable goals.

The service allows users to measure their level of ESG maturity while also providing guidance and offering a consulting partnership agreement to help them boost their sustainability performance.

The ESG service analyses three key areas of customer performance, providing them with a customised diagnosis, comparing their positioning and outlook in their sector and suggesting action plans with specific proposals.

Firstly, the service offers an analysis of each customer’s sustainable strategy, commitments and how closely aligned it is with the goals of the Paris Climate Agreement. It also defines medium and long-term goals that must be consistent with the firm’s corporate strategy.

In the second part, the service relies on ESG agencies and ratings to examine the customer’s visibility in such markets in which it is present or in which it could achieve visibility, proposing different structures, metrics and tracking and impact tools. The service also offers active management with ESG agencies, indeces and ratings through dialogue with market leaders.

The final phase of the service evaluates if a company has incorporated ESG criteria into its financing decisions and assesses the option of defining a sustainable financing framework that integrates the ESG criteria into the financing policy and streamlines decision-making and access to capital.

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