Cajamar joins the Net Zero Banking Alliance of the United Nations

Cajamar joins the Net Zero Banking Alliance of the United Nations

This initiative joins the cooperative banking model and its vocation to support people, companies and local production systems

Wednesday, 31 August 2022, 15:42

Cooperative Group Cajamar goes one step further in its commitment to sustainability and has
attached a
Net Zero Banking Alliance (NZBA) within the framework of the United Nations Environment Program Finance Initiative (UNEP FI), of which it is a founding signatory.

This initiative is incorporated into the cooperative banking model led by Cajamar and its vocation to support people, companies and local production systems, and which is based on its sustainability policy, based on its social, environmental and corporate governance commitment. .

Pursuant to this international agreement, Grupo Cajamar assumes the objective of reaching
zero net greenhouse gas emissions in 2050 As a result of its activity, it will align its loan and investment portfolios to achieve this goal, and will accompany its partners and clients with its products and services throughout the transition process towards a low-carbon economy.

The president of the Cooperative Social Credit Bank-Grupo Cajamar,
Louis Rodriguez, has highlighted the cooperative group's adherence to this alliance: "We are aware that financial institutions play a fundamental role with our support for the transition of companies and families to achieve climate neutrality, and for this it is necessary that all agents, governments , regulators, financial entities, companies and civil society, let's work in the same direction«.

Towards decarbonization

Sustainable Finance Master Plan Grupo Cooperativo Cajamar's main objectives are to consolidate and reinforce its culture around sustainability, respond to the demands of regulatory bodies, contribute to establishing the decarbonization roadmap to reduce CO2 emissions, reaching net zero emissions before of 2050, and accompany its partners and clients throughout the fair ecological transition process.

In its commitment to promoting sustainable finance and the fight against climate change, Grupo Coperativo Cajamar adheres to the
United Nations Global Compact and is part of different international organizations in the field of sustainability. It is
member of UNEP FI, ​​founding signatory of the Principles for Responsible Banking; reports its carbon footprint to the Carbon Disclosure Project (CDP); supports and follows the recommendations of the
Task Force Climate Financial Disclosure (TCFD) on Sustainable Finance; and has joined the initiative
Science Based Targets, taking responsibility for setting emission reduction targets

Cajamar Cooperative Group
compensates 100% of its emissions, identified and calculated in its Eco-efficiency Plan, through the 'Conservation of the Amazon in Madre de Dios Peru' project, thus contributing to reducing reforestation in the area and, consequently, to sustainable forest management that generates benefits for local communities. Additionally, it is r
reducing energy consumption in its facilities and achieving greater energy efficiency by betting on the
use of renewable energy at their headquarters and offices.

Source link