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CaixaBank doubles the volume of its international sustainable financing in the first nine months of 2021

Oct 25, 2021 | Business

• The loan conditions are linked to meeting ESG factors, such as combating climate change, driving renewable energy, sustainable mobility, fostering equality, and more.

• In the third quarter of 2021, CaixaBank upholds its position as the sole Spanish bank in the TOP5 of sustainable financing in EMEA, according to the ranking Refinitiv.

CaixaBank has strengthened its presence in the international sustainable financing market, as part of its commitment to the ecological and social transition, doubling the volume of its deals completed outside its domestic market (Spain) in the first nine months of the year.

Between January and September, the bank’s international network has been involved in lending deals linked to ESG factors (environmental, social and good governance) for a total volume of 1.66 billion euros. This represents 137% growth on the same period last year. The figure is already 73% higher than the number reached throughout 2020 (960 million euros).

In all the deals, the loan conditions are linked to meeting ESG factors, such as combating climate change, driving renewable energy, sustainable mobility, fostering equality, and more.

Growth in Europe

By region, Europe is by far the most active region, resulting from CaixaBank’s strategy to increase its lending business on the continent through its Corporate and Institutional Banking & International Banking (CIB & IB) division, and its network of European branches and representation offices. Thus, 90% of the volume of international sustainable financing has been recorded in the region. By country, Italy, France and Portugal top the list, the latter through Banco BPI, wholly owned by CaixaBank. It is followed by Germany and the United Kingdom.

In the third quarter of 2021, CaixaBank upholds its position as the sole Spanish bank in the TOP 5 of sustainable financing in the EMEA (including Spain), according to the Top Tier ranking by Refinitiv.

Refinitiv Ranking —EMEA green and sustainable Loans (includes Spain)— 3rd quarter 2021

Featured funded deals

In Italy, where CaixaBank has a representation office, the bank has supported the power utility Enel in its sustainable syndicated financing and has participated in the sustainable credit facility of rail company Ferrovie dello Stato. Its conditions were linked to enhancing the company’s ESG rating, reducing the gender gap in executive positions, the accessibility of stations and sustainable mobility. In this last financing deal, CaixaBank was notable as the sole Spanish bank.

In France, CaixaBank has been involved in various deals such as the one reached with the water company Saur. In this case, CaixaBank has participated as the only Spanish bank in the signing of an inaugural sustainable credit which, among its goals, established greater efficiency in water use, reduced carbon intensity, and fostering equality.

In Portugal, CaixaBank has worked with BPI to advise and conclude various sustainable financing deals with the paper company Navigator, the communication and entertainment company Nos and glass container manufacturer BA Glass. In these cases, sustainability KPIs have been chiefly geared towards environmental goals such as reducing CO2 emissions in the production process and boosting the use of renewable energy.

In Germany, CaixaBank has taken part in financings such as sustainable credit facilities to appliance retailer Ceconomy, and retailer Rewe, with CaixaBank being the sole Spanish financial institution present in the deal. In this case, the conditions were linked to combating climate change and protecting biodiversity in the supply chain.

Of note in the United Kingdom is the sustainable financing of the transport company FirstGroup, whose margin was linked to the reduction of emissions and the percentage of electric vehicles, and the inaugural sustainable financing to Kingfisher.

Outside Europe, CaixaBank has concluded financings in Canada, the United States, Turkey and Australia. In Canada, as the sole Spanish bank, CaixaBank funded a green loan to the Henvey Inlet wind farm in Ontario, which has an installed capacity of 300 MW, while in Turkey CaixaBank has grown in the sustainable financing industry in the banking sector.

Furthermore, in 2021, CaixaBank closed its first sustainable financing in the Asia-Pacific region. This included the loan to the Sydney Light Railway (New South Wales) project, in which the bank, which is present in Australia through a representation office in Sydney, was the only participating Spanish bank. It is estimated that the light rail project will result in a reduction of 663,000 tons of greenhouse gases over a 30-year period. 

International activity in Sustainable Financing in 2021

CaixaBank’s international presence

CaixaBank’s international presence is channelled in different ways: through its International Banking network of branches and representation offices, all over the world; through cooperation agreements with first-rate international banks; and with stakes in international companies. The financial institution also owns Portugal’s Banco BPI, the fifth largest financial institution operating in Portugal in terms of assets. CaixaBank also has a share in the capital of the Austrian Erste Bank (9.92%).

CaixaBank’s CIB & IB network comprises branches in Germany, France, Morocco, Poland, Portugal, the United Kingdom, all of them, with the exception of Portugal, authorised by the Spanish and local regulator to provide certain financial services related to financing and banking services, such as short- and long-term financing, factoring, reverse factoring, and other similar activities within this kind of activity.

The institution also has 18 representation branches in all 5 continents: Milan (Italy), Istanbul (Turkey), Beijing, Shanghai and Hong Kong (China), Singapore, Dubai (United Arab Emirates), New Delhi (India), Cairo (Egypt), Algiers (Algeria), Johannesburg (South Africa), New York (USA), Santiago de Chile (Chile), Bogotá (Colombia), Sao Paulo (Brazil), Lima (Peru), Sydney (Australia) and Toronto (Canada). It also has two Spanish Desk teams in Austria’s Erste Bank (Vienna) and Mexico’s Inbursa (Mexico City), to serve CaixaBank business customers in these markets.

The representation branches offer advice to multinational enterprises with subsidiaries in Spain, as well as to Spanish companies with projects abroad. Its main areas of coverage notably feature trade finance and payments, corporate and project finance. 

CaixaBank’s International Banking network is the only AENOR-certified international banking network in Spain. 

Besides its branch network, CaixaBank holds agreements with 1,760 correspondent banks, making it easier for companies from any country in the world to engage in international transactions and foreign trade.

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Oct 25, 2021 | Business

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View or download video version of this story.

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Oct 25, 2021 | Business

 
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VIEW OR DOWNLOAD VIDEO VERSION OF THIS STORY.
 

ZTE obtains ISO/IEC 27701:2019 certificate in human resource management

Oct 25, 2021 | Business

ZTE Corporation (0763. HK / 000063.SZ), a major international provider of telecommunications, enterprise, and consumer technology solutions for the mobile internet, announced that its human resource management activities have successfully passed the review by the British Standards Institute (BSI) and the company has obtained the ISO/IEC 27701:2019 PIMS (Privacy Information Management System) certificate in human resource management.

ISO/IEC 27701:2019 is currently one of the most authoritative privacy protection standards across the globe. Aiming to help organizations effectively protect and process the collected personal information, the standard provides strong support for organizations to meet the requirements of China’s Personal Information Protection Law, the EU General Data Protection Regulation, as well as the data protection laws and regulations of other countries and regions.

The scope of this certification covers the human resource management activities in the charge of the Human Resources Dept. of ZTE Corporation, which include recruitment and allocation, compensation and benefits, cadre management, corporate culture, employee relations as well as multiple business fields such as the privacy protection for the human resource information system, application of laws and regulations, corporate information security, physical area security, and procurement management.

The ISO/IEC 27701:2019 certificate epitomizes the recognition of ZTE’s employee privacy protection efforts by international authorities, and the achievements made by the Human Resources Dept. of ZTE Corporation in the building and operation of the personal privacy management system.

“In human resource management activities, the Human Resources Dept. of ZTE Corporation needs to process a large amount of employee personal information. ZTE attaches much importance to employees’ personal rights and protect employee privacy,” said Mr. Gu Junying, Executive Vice President of ZTE. “The company has incorporated external laws and regulations into the systems and rules of corporate governance, and formulated implementable management measures in accordance with the requirements of the ISO/IEC 27701:2019. These systems and rules as well as management measures have been integrated into human resource management activities through digital tools, ensuring the security and credibility of employee information processing, and the legitimacy and compliance of process management.”

Mr. Lin Jin, Managing Director of BSI Asia Pacific, said: “On behalf of BSI Group, I would like to congratulate ZTE’s human resources management for successfully passing the audit and obtaining the ISO/IEC 27701 privacy information management system certification. The acquisition of the ISO certificate indicates that ZTE Corporation has become the first company in the world to obtain the ISO 27701 certificate in the field of internal human resources management.”

“The construction of the human resources personal information protection system has achieved landmark results. It is an important manifestation of the company’s protection of private information, respect for the rights and interests of employees, and fulfillment of employers’ responsibilities,” added Mr. Lin Jin. “In the future, BSI will continue to support the establishment of ZTE’s excellent compliance system. We look forward to ZTE’s continuous promotion of human resources data protection capabilities, and provide benchmarking demonstrations and valuable experience for the entire industry and various companies’ data compliance work.”

Moving forward, ZTE will continue to position itself as a world-class and industry-leading company in personal data protection compliance, improve end-to-end risk management and control, and optimize system management and operation, expecting to further enhance effective system management and control, promote the employer brand, build trust, and shape the company image of “employee privacy defender”.

Composer Nathan Felix Presents 4-Harpsichords in Surround Sound

Oct 25, 2021 | Business

 San Antonio Museum of Art premieres immersive classical music by Felix.

Self-taught composer Nathan Felix and the San Antonio Museum of Art (200 W Jones Ave, San Antonio, TX 78215) will present a unique classical music performance on Friday November 12th from 6:30 pm to 7:30 pm. The performance, originally scheduled for September 3rd, was postponed due to the rise in Delta variant cases but still performed for a virtual audience. The newly composed orchestral suite, Black Neon Rose, was written by Felix for four harpsichords, strings and choir.

To begin the event, local harpsichord builder Gerald Self will give a brief discussion on the history of harpsichords and give insight into his building process. In early 2019, Felix and Self met and discussed a grandiose presentation utilizing Self’s harpsichords but those plans were stalled due to the pandemic. This summer, Felix reached out to Self and talks quickly escalated with an agreement to premiere the collaboration at The San Antonio Museum of Art. The music drew inspiration from SAMA’s fall 2021 exhibition America’s Impressionism: Echoes of a Revolution.

Felix is known for his guerilla style approach in presenting classical music in unconventional spaces and 4-Harpsichords in Surround Sound is given no exception, with a performance utilizing space and acoustics.

For more information or to schedule an interview, please contact Nathan Felix

Who: Nathan Felix

What: 4-Harpsichords in Surround Sound

When: Friday November 12th 2021 6:30 pm – 7:30 pm

Where: San Antonio Museum of Art – 200 W Jones Ave, San Antonio, TX 78215

About Nathan Felix:

Nathan Felix (born 1981) is a Mexican-American music composer known for his immersive and audience-interactive works. His music has premiered in Bulgaria, Portugal, Spain, Denmark, Mongolia and the United States and his music has been featured on the BBC, MTV, NPR & PBS. In 2016, Felix was featured on PBS and nominated for a Lonestar Emmy for work on his 6-Piano project. In 2018, Felix won awards for his “Opera on a Bus” and the “2018 Tobin Prize for Artistic Excellence” for which he premiered is “Headphone Opera” titled, The War Bride at Luminaria Contemporary Arts Festival.

About the San Antonio Museum of Art

The San Antonio Museum of Art serves as a forum to explore and connect with art that spans the world’s geographies, artistic periods, genres, and cultures. Its collection contains nearly 30,000 works representing 5,000 years of history. Housed in the historic Lone Star Brewery on the Museum Reach of San Antonio’s River Walk, the San Antonio Museum of Art is committed to promoting the rich cultural heritage and life of the city. The Museum hosts hundreds of events and public programs each year, including concerts, performances, tours, lectures, symposia, and interactive experiences. As an active civic leader, the Museum is dedicated to enriching the cultural life of the city and the region, and to supporting its creative community.

Composer, Nathan Felix

Nathan Felix

512-731-0314

www.Electrochestral.com

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