Promoting sustainability in its three dimensions: environmental, social and governance (ESG)
The ICO Group promotes sustainability as one of the cornerstones of its corporate strategy
ICO promotes sustainability (environmental, social and governance) as the backbone of its strategy and all its actions, both in its assets and liabilities activities, as well as in its internal organisation and in the forums and agreements in which it participates. This strategy of the ICO Group is framed on the one hand in the Government's Recovery, Transformation and Resilience Plan and on the other hand in the European Union's Multiannual Financial Framework and Next Generation Funds.
In this context, ICO, as one of the main national promotional banks at European level, has a fundamental role working in public-private collaboration in the development of sustainable finance, aligning its activity with the sustainability objectives established by the United Nations in the SDGs of the 2030 Agenda, the Paris Agreement and the European Union's Green Pact.
ICO pays special attention to projects linked to climate change mitigation and adaptation and has specific programmes in the social field. In terms of governance, ICO has a Sustainability Policy which establishes a general framework for action and is complemented by other policies such as the Environmental Policy and the Equality Plan. In addition, ICO plays an important role in the sustainable capital markets, being a European benchmark issuer of sustainable bonds (social and green).
In its 2022-2027 Strategy, the ICO Group sets the objective that 40% of the volume of its new operations should be made under sustainability criteria over the period. This is a medium-term objective, which will be regularly monitored and evaluated at the end of the Strategy period.
Learn more about ICO's activities in the field of sustainability
Initiative aimed at the development of a sustainable business fabric, by raising awareness among SMEs of the opportunities offered by the achievement of the SDGs and the importance of aligning their strategies with them.