The 2024 Banking on Climate Chaos report showed that CaixaBank provided US$ 27.023 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, CaixaBank provided US$ 1.986 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on CaixaBank fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of CaixaBank’s fossil fuel policy below.

BankTrack assessed CaixaBank in its 2024 Global Human Rights Benchmark, where it achieved 5.5 points out of 15 and was ranked as a “follower”. 

The bank scored 1 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices. 

In addition, CaixaBank scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The table below shows BankTrack's assessment of how CaixaBank has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

CaixaBank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

As part of the Net Zero Banking Alliance (NZBA), La Caixa Group is required to set interim targets for 2030 for high emission priority sectors. For La Caixa Group, this includes its lending to the steel sector. You can see La Caixa Group’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that La Caixa Group provided US$ 1.5 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on La Caixa Group’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of La Caixa Group’s metallurgical coal policy below.