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Instituto de Crédito Oficial (ICO)Spain
Active
This profile is actively maintained
Last update: 2024-10-31 13:49:08
Instituto de Crédito Oficial's head office in Madrid. Photo: rene boulay via Wikimedia Commons (CC BY-SA 3.0)
Active
This profile is actively maintained
Last update: 2024-10-31 13:49:08
About
| Website | https://www.ico.es/en/web/ico_en/home |
| Headquarters |
Paseo del Prado 4
28014 Madrid
Spain
|
| CEO/chair |
Manuel Illueca President |
| Supervisor | |
| Ownership |
The Instituto de Credito Oficial is a public organisation and as such wholly owned by the Spanish state. |
The Instituto de Crédito Oficial (ICO) is a Spanish state-owned bank attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support. It has two functions: one as a credit institution and second as the State Financial Agency. The ICO Group also consists of Axis, a venture capital firm, and the Fundación ICO. ICO signed the Equator Principles in September 2016.
Sustainability
Commitments
Policies
Voluntary standards
ICO's most important sustainability commitments can be found at the website sections listed below.
Instituto de Crédito Oficial (ICO) has committed itself to the following voluntary standards:
Dodgy Deals
Instituto De Crédito Oficial (ICO) 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 Instituto De Crédito Oficial (ICO)'s link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Accountability
Grievances
ICO does not operate a complaints or grievances channel for individuals or communities that might have been affected by its finance.
Stakeholders may raise complaints via the OECD National Contact Points (guidance OECD Watch).
ICO 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 Instituto de Crédito Oficial (ICO)'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".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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