Finresp strengthens its commitment to the environment on the occasion of COP25
At an event held at the Spain Pavilion at IFEMA, the venue for COP25, José María Roldán, President of Finresp, highlighted the importance of the entire Spanish financial system—banks, savings banks, credit cooperatives, insurers, collective investment institutions and pension funds—having launched a joint initiative—embodied in Finresp—with the aim of helping Spanish companies undertake the transition towards a fairer, more sustainable and more environmentally friendly economy.
Spanish banks agree to reduce the carbon footprint of their balance sheets in line with the Paris Agreement
On the occasion of the United Nations Climate Change Conference (COP25), held in Madrid, the main Spanish banks, representing more than 95% of the sector, have today presented a joint commitment to reduce the carbon footprint in their credit portfolios within a specified timeframe, in a manner that can be measured using internationally recognized criteria and in line with the objectives of the Paris Agreement. In this way, these entities align themselves with the “Collective Commitment to Climate Action” promoted by the United Nations (UNEP-FI).