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Risk management
Caja Madrid has gone on working to embed social responsibility considerations in the analysis, arrangement and monitoring of risk transactions.
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Araceli Fernández Fernández
Corporate Administrative Services
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Environmental factors
such that environmental impact becomes a core criterion in lending financial support. This means verifying companies’ compliance with environmental standards, identifying possible risks and calibrating their impact on the financial statements, and analysing plans to mitigate such risks.
Caja Madrid finances projects with a positive environmental impact in sectors like wind power and waste management.
No project finance package may go through without first being vetted by an outside advisor with regard to environmental standards and other specified requirements of a technical, legal, economic, administrative and insurance nature.
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Social factors
developing specific analysis tools for loan applications from vulnerable collectives such as immigrants, young people and the disabled, in order to facilitate their access to Caja Madrid lending products.
In view of the nature and geographical location of the 2007 loan agreements concluded by the Caja Madrid Group, it was not deemed necessary to carry out screening tests for human rights abuses.
Financial risk management is dealt with in full in the Annual Report.