Risk management

UnionGema Martín Sanz0458 - Property Developers Business

Caja Madrid works to embed social and environmental considerations into its risk management processes and overall corporate culture, with environmental risks being factored into the analysis and acceptance of risks, as well as in their subsequent monitoring and control.

Furthermore, when deciding to lend to business projects, Caja Madrid weighs their environmental impact and compliance with the applicable laws and regulations before any financing is extended.

A clear preference is shown for "green" project finance, with emphasis on renewable energies, conservation of natural resources and environmental improvement, and all projects are required to demonstrate that their environmental impact will be positive or acceptable according to established prevailing sustainability standards.

In view of the nature and geographical location of the 2008 investments and lending carried on by the Caja Madrid Group, it was not deemed necessary to screen for human rights abuses.

Read more on Risk management, in the Annual Report.