Last week, CaixaBank presented its strategic plan for the period 2025-2027, announcing that it aims to exceed 16% profitability in 2027. It also unveiled its sustainability roadmap: it will mobilize 100 billion euros of sustainable finances in the next three years, which involves increasing the objective of the previous plan by 56%.
The bank had set itself a sustainable project financing objective of 64 billion between January 2022 and September 2024, but far exceeded this figure: over this period, it reached 74.651 million euros, or 17% more.
CaixaBank stands out for being one of the most advanced Ibex 35 listed companies in terms of sustainability. The entity occupies the third position in the ESG ranking of elEconomista.es, the sustainable classification of Ibex securities carried out by this newspaper. In its 2025-2027 strategic plan, sustainability takes on more importance to become “a transversal factor in all of the organization’s activity”, specifies the bank.
The mobilization of capital will be done with a dual objective: “Move towards a more sustainable economy and promote the economic and social development of people”, indicated the entity. CaixaBank will support “investments in solutions for the transition, current and future, in areas such as renewable energy, clean mobility, efficient construction, industrial decarbonization or sustainable intermediation”. This intermediation refers to issuance of sustainable bonds and assets managed in funds and pension plans which invest based on environmental, social and corporate governance (ESG) criteria. CaixaBank is one of the main Spanish issuers of responsible debt, according to data from the Spanish Sustainable Finance Observatory (Ofiso).
The entity explained that it will continue to progress “to achieve a carbon neutral investment and financing portfolio by 2050”. As part of its 2025-27 sustainability plan, Caixa maintains its 2030 targets for reducing carbon intensity in its credit and investment portfolio. It will completely eliminate its exposure to coal, in addition to pursuing a 30% reduction in emissions from the companies it finances in the electricity sector; an additional 30% reduction for aviation; 23% for the oil and gas sector; a drop of 33% for the automobile industry, between 10 and 20% for the steel industry and 41% for commercial real estate, among other sectors. All these “intermediate objectives aim to advance CO2 neutrality by 2050, which is the commitment made in 2021 as a founding member of the Net Zero Banking Alliance“, they add from the bank.
CaixaBank’s ESG area is led by Eugenio Solla, Director of Sustainable Development of the entity. Several related areas are in this direction: sustainability strategy and monitoring, sustainability risks, coordination of sustainable products and businesses, cross-functional projects and communication on sustainability and climate risks. Who are the main responsible for ESG within the Ibex 35.
As Caixa points out, the new Plan “sets the objective of reaching 150,000 people who have improved their access to employment, with specific solutions such as microcredits for businesses; quality training thanks to microcredit financing for young people or the promotion of work-study training through the CaixaBank Dualiza foundation, dedicated to the promotion of professional training.
