Environment and the Financial Sector
- Europe currently wastes, at a minimum, 20% of its energy due to inefficient use
- The International Energy Agency reports that energy-efficient buildings, industrial processes and transportation could reduce the world's projected energy desires in 2050 by one third, and be crucial in controlling global emissions of greenhouse gases
- Eco-efficiency improves environmental performance, and helps companies get out in front of market and regulatory trends, and sensure long-term business sustainability
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Video: Inés García-Pintos from CECA presents the CSR Laboratory on Environment and the Financial Sector |
Environment and the Financial Sector
The financial sector lies at the heart of the modern global economy and thus plays a key role in the initiation and facilitation of new environmental practices.
The Confederacion Española de Cajas de Ahorros (CECA) has coordinated a working group of 13 Spanish savings banks - led by Bancaja and Cajasol - to create a better understanding of the direct and indirect impacts of the financial sector on the environment.
To achieve this a comprehensive sector study was conducted. Through a series of questionnaires, answered by member companies and stakeholders, a detailed set of principles was derived. These principles are now being disseminated to help guide the environmental strategies of the Spanish savings banks.
Get Equipped
- Findings of the Working Group: Environment and Financial Institutions (PDF)
- Flyer - CECA Laboratories (PDF)
- Una aproximación a la sostenibilidad desde las entidades financieras (PDF)
See Also . . .
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Over 100 company solutions on Environmental sustainability in our CSR solutions database
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More information about the CSR Laboratory on the Environment and the Financial Sector
Laboratory Leaders and Facilitator
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