CaixaBank, a renowned financial institution, is known for integrating cutting-edge technology into its services. The bank has recently introduced a novel service aimed at enhancing environmental responsibility among its corporate clients.
The motivation behind the new product is to provide a robust tool for businesses, from SMEs to large corporations, to verify their carbon emissions. This initiative builds on the existing capabilities of CaixaBank’s carbon footprint calculator, adding a critical verification step that aligns with global environmental standards.
CaixaBank has established itself as a pioneer in sustainability within the financial sector. Its efforts are centered around providing clients with tools and resources to support their transition to more sustainable business practices.
Describing the new product, the carbon footprint verification service enables companies to confirm their emissions measurements. This service adheres to the GHG Protocol standard, ensuring accurate assessments of Scope 1 and 2 emissions, and offers an option for voluntary verification of Scope 3 emissions, which cover indirect activities like travel and waste management.
The verification process yields an officially recognised accreditation, crucial for meeting upcoming environmental regulations and reporting requirements. This service is particularly significant for sectors with high environmental impacts, such as agriculture, waste management, and oil and gas.
CaixaBank’s strategic focus on sustainability is evident in its comprehensive 2025–2027 Sustainability Plan. This plan aims to mobilize €100bn in sustainable finance by 2027, targeting various sectors for reduced carbon emissions and enhanced sustainability.
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