• The entity has attained 83 points out of 100, standing out as the Spanish bank with the highest growth in sustainability, improving 8 points compared to 2023, when it joined the European index
  • Good performance in transparency and reporting, sustainable finance, climate strategy and decarbonisation, tax strategy, financial inclusion and human rights

23 December 2024

Banco Sabadell has been included for the first time in the Dow Jones Sustainability Index (DJSI) World. This index compiled by Standard & Poor’s selects the best entities in the world in terms of sustainability based on their rating in the Corporate Sustainability Assessment (CSA), which assesses company’s economic, environmental and social dimensions. 

In 2024, Banco Sabadell achieved a total score of 83 out of 100. In this regard, the Bank is positioned as the Spanish bank with the highest growth in sustainability for the year, achieving an increase of 8 points compared to the 75 points obtained in 2023, the year in which the entity succeeded in entering the European index. The improvement in its performance rating was reflected in all the parameters analysed, with particular emphasis on transparency and reporting, sustainable finance, climate and decarbonisation strategy, tax strategy, financial inclusion and human rights.

The General Manager and Director of Sustainability and Efficiency of Banco Sabadell, Elena Carrera, has stressed that “the sustainability strategy implemented in recent years by the entity, together with the commitment to channelling resources towards sustainable practices and managing ESG risks, is being recognised by the market”. “The rating obtained in the Corporate Sustainability Assessment reflects the dedication of our entity and our continuous effort to integrate environmental, social and governance criteria into our business model,” she said.

“We are proud of the exponential growth we have achieved in recent years and will continue to work towards facilitating the implementation of these practices, moving towards a more sustainable future for our customers, employees, investors and shareholders,” Ms. Carrera added. 

Sabadell Commitment to Sustainability

Sabadell Sustainable Commitment establishes Banco Sabadell’s ESG action framework with 4 strategic axes (Entity, Clients, Investors and Society), with environmental, social and governance commitments. This framework aligns its business objectives with the Sustainable Development Goals and establishes action levers with transformation and impulse actions.

In the environmental area, the financial institution has managed to significantly reduce its carbon footprint in Spain, being neutral in its own emissions and reducing its total carbon footprint by 45.6% in 2023 compared to 2019 in Spain, exceeding the target of 36.1% between 2019 and 2025.

With regard to its activity and its contribution to climate action objectives, the Bank supports its clients with advice and financial solutions that help decarbonisation in the main CO2-intensive sectors. 

In addition, it provides sustainable finance products aimed at energy savings, renewable energy projects, the circular economy, mobility and the environmental transition for private clients, SMEs and large businesses. It has also proposed reaching 65 billion in sustainable finance solutions during 2021-2025, having already achieved more than EUR 53 billion by the third quarter of 2024.

To contribute to sustainability through investment opportunities, the bank has participated in the issuance of its own and customers’ sustainable bonds with more than €12.1 billion since 2021 and promotes programmes such as #BStartupGreen to promote sustainable entrepreneurship.

With regard to social areas, the Entity is committed to diversity and equality, with 40% of its Board made up of women and 59% of women promoted in 2023, with respect to the total number of promotions during the year. It also fosters talent and innovation, and contributes to financial inclusion and health through social impact initiatives and volunteering.

In terms of governance, the Bank has specific bodies to ensure compliance with its sustainability commitments and foster a culture of responsible banking. In addition, it has a sustainability training programme for all employees and members of the Board of Directors.