Kutxabank reduced its CO2 emissions in 2020

Kutxabank reduced its CO2 emissions in 2020

Kutxabank has reported that throughout 2020 it significantly reduced the CO2 emissions generated by its corporate activity, so its carbon footprint has a positive balance of 12,384 tons.

Since 2018, the bank’s emissions have decreased by 84.3%, a reduction that has intensified throughout 2020 thanks to a contract signed with Iberdrola so that the more than 900 branches in its network and all its work centers use only ‘green’ electricity from the Núñez de Balboa photovoltaic plant.

Added to this green supply is the contribution of more than 13,000 tons of CO2 absorbed by the forests owned by the banking group: 971 hectares in Álava, Bizkaia and Gipuzkoa. These forests come from the BBK, Kutxa and Vital excavations, which in most cases became owners due to donations.

According to what the financial institution has indicated, the contribution of these forests has allowed to compensate in a very comfortable way the emissions that Kutxabank emits into the atmosphere due to the consumption of natural gas and diesel oil, electricity and the transport of its workers.

Specifically, Kutxabank has achieved a ‘negative carbon footprint’ of 12,384 tons in 2020.

As an example of its commitment to sustainability and the environment, Kutxabank has highlighted its guide to good environmental practices, in which it promotes energy efficiency, segregation and waste management, and the minimization of the use of resources and materials. .

Likewise, it has underlined that in its financial offer it has a series of sustainable products for the purchase and insurance of homes with high energy rating, as well as for the acquisition of electric and hybrid vehicles or ‘green’ appliances.

Finally, the Basque bank has pointed out that in its managed assets, more than 24,000 million euros are according to socially responsible investment criteria.