Sustainability Risk Integration Policy

Policy of Unicaja Banco, S.A. and Grupo Unicaja Banco

 

The "Sustainability Risk Integration Policy in the Decision-Making Process and when Providing Advice on Grupo Unicaja Banco's Investment or Insurance Products" was approved by the Board of Directors at its meeting held on 25 February 2021.

 

Link to Sustainability Risk Integration Policy in the Decision-Making Process


Unimediación, S.L. (a Banking-Insurance Operator) endorsed this Policy through a resolution adopted by its Board of Directors on 23 February 2021, while Unigest, S.A. (a Collective Investment Undertaking Management Company) formally approved its endorsement of said policy by means of a resolution adopted by its Board of Directors on 25 February 2021. Unicorp Patrimonio, S.A.U. (a Securities Company) and Unión del Duero, S.A. (a Life Insurance Company) endorsed the Group's policy through resolutions respectively adopted by their Boards of Directors on 24 March 2021 and 26 March 2021.

Unimediación, S.L.; Unigest, S.A.; Unicorp Patrimonio, S.A.U.; and Unión del Duero, S.A. form part of Grupo Unicaja Banco.

 


Content originally added to the corporate website on 10 March 2021. This section was changed on 26 April 2021 to report Unicorp Patrimonio, S.A.U.'s endorsement of Grupo Unicaja Banco's "Sustainability Risk Integration Policy". This section was changed on 3 June 2021 to report Unión del Duero, S.A.'s endorsement of Grupo Unicaja Banco's "Sustainability Risk Integration Policy". On January 18, 2023, the section was modified to include the new version of the "Sustainability Risk Integration Policy" of Unicorp Vida, Compañía de Seguros y Reaseguros, S.A. On May 24, 2023, the section was modified to remove references to Unicorp Vida, Compañía de Seguros y Reaseguros, S.A., having been incorporated into its new website.

Due Diligence Policy Concerning Major Adverse Impacts

Due Diligence Policy Concerning Major Adverse Impacts on Sustainability Factors in Investment Decisions approved by Unicaja Banco's Board of Directors at its meeting held on 25 June 2021.

 

Link to the Due Diligence Policy Concerning Major Adverse Impacts on Sustainability Factors in Investment Decisions

 


Content updated on 30 June 2021

Adverse Sustainability Impacts Statement

Unicaja Banco, S.A.

 

Adverse impacts are taken into account in investment decisions and when investment and insurance advice is provided in keeping with the principle of proportionality according to the size of Unicaja Banco, the business model, its internal organisation, the nature and scale of its activity, the products it distributes, the services it offers and the profile of the majority of its customer base.

 

For such purpose, investments are channelled to companies that minimise sustainability risks after conducting studies that combine an analysis of the company's ESG factors and its economic and financial aspects or of the assets in which it invests according to generally accepted parameters adapted to an internal methodology, which expressly take into consideration the likelihood of adverse impacts taking place in this area.

 

As set forth by Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector, adverse impacts should be construed to mean any impacts resulting from investment advice and decisions which have negative effects on sustainability factors.

All the related information is disclosed periodically through at least the Consolidated Non-Financial Reporting Statement (NFRS), which may be accessed on the corporate website ("Sustainability and CSR" section > "Social Responsibility Reports" section).

 

Social Responsibility Reports - Consolidated Non-Financial Reporting Statements

 

Notwithstanding the above, transparency on adverse sustainability impacts may be materialised through due diligence policies on said adverse impacts in accordance with the development of technical standards by the relevant European Union regulators, which are currently being drawn up and are expected to enter into force on 1 January 2022.

 

 
 

Content originally added to the corporate website on 10 March 2021. This section was changed on 23 November 2021 to delete the reference to adverse impact management by Unicorp Vida Compañía de Seguros y Reaseguros, S.A.

Integration of Sustainability Risks into the Remuneration Policy

Unicaja Banco, S.A.

 

Unicaja Banco takes into consideration Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector — along with other regulatory provisions that may have an impact on the inclusion of environmental, social and governance (ESG) factors in the remuneration scheme — in its overall incentives scheme, which is pending further specification and development as regards this point. Variable remuneration criteria that meet said Regulation's requirements will ensure there is an incentives structure in place that is in line with the institution's risk propensity and business objectives concerning sustainability risks, the adoption of measures to prevent conflicts of interests and the fostering of actions having a positive impact on the area of ESG factors. This framework for action will also be included in the "Remuneration Policy Associated to Risk Management".

 

 


Content updated on 10 March 2021. On May 24, 2023, the section was modified to remove references to Unicorp Vida, Compañía de Seguros y Reaseguros, S.A., having been incorporated into its new website.

Pre-Contractual Information

Unicaja Banco, S.A. (extract)

 

El Grupo Unicaja Banco, en virtud de la normativa vigente y en consideración a la constante evolución de la misma, cuenta con procedimientos para asegurar una adecuada integración de los factores y los riesgos de sostenibilidad (ambientales, sociales y de gobierno corporativo o ASG) en el proceso de toma de decisiones y en el asesoramiento en materia de productos de inversión y seguros, con el objetivo, específicamente, de identificar y gestionar los riesgos ASG que puedan tener un impacto potencial en el análisis y en las decisiones de los inversores y de otras partes interesadas.

El Grupo Unicaja Banco desarrolla de forma constante mecanismos adecuados para realizar el seguimiento de la integración de los factores y los riesgos de sostenibilidad en la selección de los productos y servicios ofertados, con el objetivo, en todo caso, de actuar siempre en el mejor interés del cliente. En el ámbito de la gestión discrecional de carteras y del asesoramiento en materia de inversiones sobre productos de inversión, Unicaja Banco ha desarrollado una Política corporativa de Integración de los riesgos de sostenibilidad en el proceso de toma de decisiones y en el asesoramiento sobre productos de inversión, donde se incluye de forma detallada cómo se evalúan los factores y riesgos de sostenibilidad, y cómo estos pueden afectar a la rentabilidad de sus inversiones a través de la identificación de estos riesgos, desde la categorización de los productos de inversión según criterios sostenibles, hasta la contratación de productos con criterios de sostenibilidad en el proceso de asesoramiento y gestión de carteras cuando el cliente va a contratar un producto.

El Grupo Unicaja Banco desarrolla la gestión de los factores de sostenibilidad en el ámbito del negocio y de los riesgos relacionados conforme a una línea de actuación basada en la proporcionalidad, definida en base a la naturaleza de la actividad principal del Grupo y a la relevancia que los activos y los servicios evaluados puedan representar de manera conjunta.

Acogiéndose a este principio de proporcionalidad, el Grupo Unicaja Banco considera las incidencias adversas en las decisiones de inversión, en la gestión de carteras y en el asesoramiento en materia de productos de inversión o seguros. Según lo establecido en el Reglamento (UE) 2019/2088, por incidencias adversas deben entenderse aquellas incidencias del asesoramiento y las decisiones de inversión que tengan efectos negativos sobre los factores de sostenibilidad, incluyendo aspectos medioambientales, sociales y de gobierno corporativo. Unicaja Banco cuenta con una Declaración de principales incidencias adversas de las decisiones de inversión sobre los factores de sostenibilidad como participante del mercado y una Declaración relativa a las principales incidencias adversas del asesoramiento en materia de inversión sobre los factores de sostenibilidad.

Toda la información asociada, en la medida en que se vaya generando, es divulgada de manera periódica a través del Estado de Información No Financiera Consolidado (EINF), accesible en la página web corporativa (apartado “Sostenibilidad y RSC”, sección “Informes de Responsabilidad Social”).

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