|Date joined:||23 August, 2019|
|Initiatives:||Net Zero Banking Alliance and Principles for Responsible Banking|
Caixa Geral de Depósitos (CGD) is the leading Portuguese financial group, headquartered in Portugal but operating across-borders in 20 countries and 4 continents, with a presence in Europe (France, Spain), Africa (Angola Mozambique, Cape Verde, São Tomé and Príncipe). With net assets in excess of 90b€, CGD is the sole Portuguese bank fully-owned by the Portuguese state, since its inception in 1876. CGD’s mission consists of creating value for the Portuguese society, thus contributing for the well-being of Portuguese families and for the development of the corporate sector, underpinned by a balanced progress on profitability, growth, financial strength, and prudent risk management.
As a driving strength that sustains the country’s social and economic development, CGD’s activity and its employees’ conduct are governed by fundamental values and committed to enhance social progress, reduce environmental footprint and prevent climate change impacts by delivering a day-to-day conducting wire on sustainable finance.
CGD Group’ activity spans commercial banking, investment banking, specialised credit, asset management and real estate, extending the commitment with sustainable development to all our affiliated banks, subsidiaries and representative offices.
Summary of sustainability strategy
CGD furthers its Sustainability strategy through the generation of value and the development of its tangible and intangible assets, the economic and technological progress of its customers and companies, the social and digital inclusion of individuals and families, the protection of fundamental human rights, the respect for our common natural heritage, based on an efficient corporate governance model and respect for the highest ethical standards.
The 2018-2020 Sustainability Strategy, aligned with CGD’s Strategic Plan and respecting the principles of the Sustainability Policy deploys 6 structural intervention areas – (1) Accessible Business, (2) Social Responsibility, (3) Environmental Footprint, (4) Ethics and Compliance, (5) Risk Management and (6) Involvement with Stakeholders – translated into annual activity plans, safeguarding the continuity of the undertaken commitments.