ESG Strategy: our commitment to a sustainable future
Financial education | 02.20.2024 | Jessica Reynoso Maciel
In a world increasingly aware of environmental and social challenges, companies are seeking to redefine their role in society and adopt more responsible practices. Financial institutions in particular are taking on a major role in this transition to a more sustainable future.
At MoraBanc, our commitment to society, the planet and people has always been an important part of our activity. This has been evident in our involvement with culture, sport, people and the environment for many years.
So formalising this approach in a strategy that addresses environmental, social and governance (ESG) issues in an action plan was a natural and necessary step for us in the context of the banking sector’s progress towards sustainability.
MoraBanc’s ESG strategy, presented last September, outlines a crosscutting plan that comes from the highest level of our organisation. Our vision is to energise a sustainable transformation of the economy, society and the environment, and consolidate us as a leading banking model.
It is a voluntary commitment to our environment, to our audiences and to society in general that enables us to respond to the challenges of the future, encompassing ESG aspects, and to continue to grow in line with the expectations of the country and the people who relate to us.
This plan for the present enables us to make progress towards a better future, because sustainability does not just mean working for the environment or reducing the effects of climate change. Being sustainable has a broader meaning: managing our activities with criteria that aid the progress of people, businesses and companies, supporting them in facing the challenges of the present without compromising the future.
The essence of our strategy is working to ensure that our products and services have a sustainable component, prioritising the fact that our customers have alternatives aligned with the United Nations Sustainable Development Goals and the Paris Agreement on climate change. We act with the conviction that sustainability goals are not a list of good intentions, but a different way of being and doing that must help us repair the damage done to our environment and build more prosperous societies.
As a symbol of our commitment to sustainability and corporate responsibility, we have created FUTUR. It will be used to identify products, services or projects that include social, environmental or transition support aspects. This logo’s design is intended to reflect the pillars of our strategy and present a distinctive visual standard to easily identify these products and services.
In some cases, FUTUR products and services are newly created and come from initiatives that are part of our ESG strategy. But in other cases, such as the Solidarity Card, they are projects we have been promoting for years. Thanks to our customers’ involvement, they have taken root in society as leading projects in support of sustainability.
This brand and its name reflect our commitment and dedication to continue working towards leading the transition to sustainability in line with our ESG strategy. Because we are acting with the conviction that the only possible future is one built by making the most of the opportunities we have today to solve the problems of tomorrow.
Our ESG strategy is not the end of a process. It is the beginning of a new phase in which the ongoing commitment of everyone at MoraBanc to constantly assess and improve our practices, engage with our audiences and lead initiatives that promote sustainability globally will be ingrained in each and every one of our activities.
Information on the processing of personal data
In compliance with Law 15/2003 of 18 December on protection of personal data, the customer authorizes that the applicant’s personal data entered on this form will be incorporated into files owned and managed by MORA BANC GRUP, SA – MORA BANC, SAU (hereafter referred to as “MoraBanc”) to process the requested service and, if necessary, to comply with the contracts finally entered into, and also to ensure correct operational procedures.
The applicant expressly authorises MoraBanc to send him/her commercial and promotional communications for products and services and information on the Bank itself, social or other activities, in hardcopy by post or by electronic means (among others, short messages (SMS) to mobile phones, e-mail, etc.). This consent can always be withdrawn, without retroactive effect.
The fact of filling out this form implies that the applicant acknowledges that the information and personal data provided are true, accurate and correct; otherwise, MoraBanc declines all responsibility for the lack of truthfulness or correctness of the data.
The applicant authorises the data provided to be communicated or shared with third parties forming part of the MoraBanc business group, entities which are primarily active in the financial, insurance and service sectors. The applicant is considered as having been informed of this transfer of information by means of this clause. The applicant accepts that he/she may be sent information on any product or service marketed by these companies.
The data processing manager is MoraBanc. The applicant is hereby informed that the rights of access, rectification, suppression or opposition may be exercised in the terms established in current legislation.