Active
This profile is actively maintainedActive
This profile is actively maintainedWebsite | https://www.grupbancsabadell.com/en/ |
Headquarters |
Avenida Óscar Esplá 37
03007 Alicante
Spain
|
CEO/chair |
César González-Bueno Mayer CEO |
Supervisor | |
Ownership |
listed on Bolsa de Madrid
Banco Sabadell's shareholder structure can be accessed here. |
Subsidiaries |
TSB Bank – United Kingdom
|
Banco Sabadell was founded in 1881 by a group of 127 businessmen and traders from Sabadell in Spain, aiming to finance local industries. Nowadays, it is in the top five largest banks in Spain and provides banking and financial products and services in Spain and internationally. Banco Sabadell is comprised of different banks, brands, subsidiaries and part-owned companies. Since 2007, the bank has doubled in size and acquired several other banks. Banco Sabadell adopted the Equator Principles in 2011.
Banco Sabadell's most important sustainability commitments can be found at the website sections listed below.
Banco Sabadell is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Banco Sabadell's link to these deals.
Banco Sabadell operates a grievances and redress mechanism (according to its human rights policy), but it doesn't list any contact details.
Banco Sabadell is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates Banco Sabadell's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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Tracking the Net Zero Banking Alliance
Banco Sabadell 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.
Banks and Russian Aggression in Ukraine
BankTrack is keeping track of the public response of Banco Sabadell to Russia's illegal invasion of Ukraine. Banco Sabadell's public position on the war is unclear. Banco Sabadell is considered to be "buying time" with its operations in Russia. We consider its exposure to Russia as limited. For further details, see the table linked below.