Grupo Cajamar recognised for its corporate transparency and environmental performance

The CDP organisation has given Grupo Cooperativo Cajamar an “A” rating for its corporate transparency and climate change performance.

The CDP organisation has given Grupo Cooperativo Cajamar an “A” rating for its corporate transparency and climate change performance, one of the few companies to have earned that distinction of the more than 15,000 enterprises rated.

The cooperative bank Cajamar is committed to a transition to a green economy that mitigates the impact of climate change in the activities of its members and customers, and in society in general. A testament to that commitment to the promotion of sustainable finance and the fight against climate change is its Sustainable Finance Master Plan, which sets out the strategy to be followed to foster adaptation by businesses, individual entrepreneurs and families to a production model that makes more efficient use of energy and natural resources. This will contribute to charting a decarbonisation roadmap that achieves zero net emissions by 2050 by setting rigorous environmental objectives and supporting its customers throughout the entire process by means of an orderly, fair and inclusive transition.

CDP has also applauded Grupo Cajamar's launch of financial initiatives to measure and manage risks deriving from climate change, their impact on the loan book and others to transparently disclose and manage the business's carbon footprint, in response to the new scoring methodologies and reporting requirements.