Sustainability and CaixaBank AM

Every customer expects responsible and transparent investment.

Adhesion to the Spanish Global Compact Network

The United Nations Global Compact (UNGC) is a global initiative that encourages companies to act responsibly by aligning their strategy with ten principles related to Human Rights, Labor Rights, the Environment and Corruption, and allowing progress in social objectives such as the Sustainable Development Goals of the United Nations Agenda (SDG), placing greater emphasis on collaboration and innovation.

In 2011, CaixaBank Asset Management formalized its membership of the UNGC, joining a community of more than 12,000 members spread across 160 countries, which seek to implement responsible practices and develop innovative solutions to solve problems of poverty and inequality, and support education, health and stability.

Web: Pacto Mundial ONU: Desarrollo sostenible y Responsabilidad social · Pacto Mundial

10 principles of the Global Compact (first point)

Human rights

Principle 1: Businesses should support and respect the protection of internationally recognized fundamental human rights..

Principle 2: Companies must ensure that they are not complicit in the violation of human rights.

Labor rights

Principle 3: Businesses should support freedom of association and the effective recognition of the right to collective bargaining.

Principle 4: The abolition of all forms of forced or compulsory labor.

Principle 5: The effective abolition of child labor.

Principle 6: The elimination of discrimination in employment.

Environmental Protection

Principle 7: Companies should support a preventative approach that favors the environment.

Principle 8: Undertake initiatives to promote environmental responsibility.

Principle 9: Promote the development and dissemination of environmentally friendly technologies.

Anti-corruption

Principle 10: Companies must work against corruption in all its forms, including extortion and bribery.

To act as a channel for actions in favor of a plan to support the broader objectives of the United Nations, including the 17 Sustainable Development Goals (“SDGs”). In this regard, although the CaixaBank Group integrates the 17 SDGs into its sustainability strategy, contributing to all of them through its activity, social action and strategic alliances, it focuses its actions on four priority objectives:

• SDG 1 - End poverty,
• SDG 8 - Decent work and economic growth,
• SDG 12 - Responsible production and consumption, and;
• SDG 17 - Alliances to achieve the objectives.

The Principles for Responsible Investment (PRI) promoted by the United Nations are an initiative consisting of a network of investors who work together to put into practice the Principles for Responsible Investment established by the Group. Its aim is to disseminate the implications of sustainability for investors and to support signatories in incorporating these considerations into their investment decision-making processes and share ownership practices.

At CaixaBank Asset Management SGIIC, SAU, we are committed to responsible investing practices and have signed up to the Principles for Responsible Investment (UNPRI) in 2016. We believe that respect for good practices is more than just an obligation, but a cornerstone of our business. It is part of our DNA. Signatories of these Principles are contributing to the development and sustainability of a global financial system. Signatories have a duty to act in the best long-term interests of their beneficiaries. In this fiduciary role, they believe that environmental, social, and corporate governance issues can affect the performance of investment portfolios.

These values are the CaixaBank Group's core values and we adhere to them in all of our decisions. In line with our commitment to corporate social responsibility, we joined the United Nations Global Compact in 2011. The Global Compact is the world's largest corporate citizenship initiative. Launched in 1999, it is based on principles of human rights, labour standards, the environment and the fight against corruption.

Principle 6 states that PRI signatories must "report on their activities, and progress in implementing these Principles". This information must be provided for each asset class. Each signatory is awarded a score for each UNPRI principle and the result is then compared with the other signatories. (Access to UNPRI summary report and CABK AM’s SRI Policy)

The UN-supported PRI initiative is an international network of investors working together to put the six Principles for Responsible Investment into practice. The goal of this initiative is to raise awareness among investors about the implications of sustainability, and to provide signatories with tools and resources to help them incorporate sustainability into their investment decision-making processes and ownership practices. In implementing the Principles, signatories contribute to the development of a more sustainable global financial system.