“75% of European banks have integrated sustainability into their strategy”

April 15, 2021

The Spanish banking system is firmly committed to driving the transition of the economic model towards one that is more environmentally friendly. This was stated today by our Director of Strategy and Sustainability, Juan Carlos Delrieu.

“75% of European banks have already integrated sustainability into their strategic processes,” Delrieu said in his introduction to the event ‘The role of the business sector in a sustainable economy’ organised by AFI.

However, AEB’s Director of Sustainability and spokesperson for Finresp (Spanish Centre for Sustainable and Responsible Finance) stressed that “sustainability is not an elite revolution; citizens and SMEs must want to be part of the change”.

In his view, in Spain there cannot be a transformation of the economic model towards a more sustainable one without involving SMEs, which account for 98% of Spain’s productive fabric, so “it is essential that these companies begin to see sustainability as a business opportunity rather than a cost”.

View his presentation here.

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