Socially responsible investment

Caja Madrid's goal in this area is to let customers know that investment in companies that are profitable and operate to socially and ethically responsible standards can be a valuable instrument for the betterment of our society.

To this end, it has built up a portfolio of socially responsible investment products and funds investing in companies with a positive impact on environmental conservation:

PRO UNICEF Solidarity Benefit Fund: belonging to the “Ethical/Ecological/Social Responsibility" category of Spanish collective investment association Inverco, with 0.5% of management fees donated to UNICEF. The fund portfolio contains no holdings in makers of weapons, alcoholic beverages or tobacco products.

Employee pension fund: the investment policy statement of the Caja Madrid Group staff pension fund includes a series of ethical considerations, like excluding from the portfolio any assets of companies exploiting child labour, harming the environment or otherwise in breach of fundamental human rights. The fund’s Control Committee has the power to add other exclusion criteria to the list as needed.

EIRIS: an IT application to guide occupational pension plans wishing to invest in a socially responsible manner. The system is already operative in the pension plans of the Madrid City Council, the Spanish Parliament and Fondoandalsur (contributed to by the Municipal Councils of Jerez de la Frontera, Trebujena, Chiclana de la Frontera and Vélez Málaga).

Especially noteworthy were the following funds that invest in companies that manage natural resources:

Caja Madrid Recursos Naturales: invests in companies that operate in renewable energies and the water industry.

Caja Madrid Oro Azul: invests in the world's top 10 water companies.