Comunicación IIDMA

Major Spanish banks fail to comply with their obligation to report on the environmental impact of their financial activities

IIDMA warns that banks’ Non-Financial Information Statements do not contain the information they are required to report by law. This data is essential in identifying which players in the banking sector support a real decarbonization of the economy, in line the objectives of the Paris Agreement. Between 2016 and 2020, the top 60 banks across …

Major Spanish banks fail to comply with their obligation to report on the environmental impact of their financial activities Read More »

Spanish banks must urgently stop financing oil and gas projects

BBVA and Banco Santander’s new commitments regarding thermal coal is a step in the right direction, but it is imperative they stop financing other fossil fuel projects that are incompatible with the Paris Agreement. Madrid, November 11, 2021 – Decarbonizing the economy is an essential step towards limiting the increasing of our global temperature to …

Spanish banks must urgently stop financing oil and gas projects Read More »