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CSR management
Caja Madrid’s CSR management system comprises a set of principles and measures relative to CSR. Its objective is to contribute to long-term sustainable development by balancing economic growth with social cohesion and environmental conservation, taking into account the expectations of stakeholders.
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The following points are central to our pursuit of this objective:
- Corporate social responsibility is inherent to Caja Madrid, as a private non profit organisation founded for a social purpose.
- The extreme importance for our organisation of having different stakeholders represented on its governing bodies.
- Regular update of the Corporate Social Responsibility system in line with the main regulatory and advisory benchmarks currently in place, among them the Global Compact, Global Reporting Initiative (GRI), EFQM, the Unified Good Governance Code, the green paper, the European Commission’s CSR Communication of 2006, the conclusions of the CSR Parliamentary Sub-Commission, etc.
- A constantly evolving system focused on meeting stakeholder needs as expressed through the available dialogue channels.
The deployment of the system is based on a series of guiding principles which inform all activities and decisions. These are: inclusiveness, transparency, leadership, impartiality.
- Inclusiveness, such that its scope extends to all stakeholders.
- Transparency, a core principle entailing disclosure to third parties of environmental, social and financial information according to GRI guidelines.
- Leadership, referring to Caja Madrid's decision to act as an ambassador for social responsibility, while remaining a CSR benchmark in the financial sector.
- Impartiality, ensured by mechanisms and procedures for objective decision making and the total independence of members of Governing Bodies with respect to the organisations or groups appointing them.