Bankia : For 4th straight year Bankia meets all its power needs with renewable energies

• Policy has allowed the bank to avert 155,000 tonnes of CO2 emissions into the atmosphere
• Bank joins RE100, a group of the world's largest companies committed to 100% green energy
• 'Bankia is a pioneer and standard-bearer in the use of clean energy in the Spanish financial sector', assured Francisco Javier Sánchez López, head of environment at the bank

For the fourth consecutive year Bankia has managed to use renewable sources for all the electricity it uses, reaffirming its commitment to continue this policy by joining RE100, a group of the world's most influential companies committed to 100% green energy.

This policy of sourcing all electricity from renewable energies has allowed it in the last four years to avoid releasing more than 155,000 tonnes of CO into the atmosphere.

Francisco Javier Sánchez López, head of environmental matters in Bankia, emphasises that the bank is a 'pioneer and standard-bearer in the use of clean energy in the Spanish financial sector because it has been consuming 100% renewable electricity since 2013 and has the firm intention of continuing to fight climate change in the future in this way, as set out in the bank's Energy Efficiency Plan 2015-2019'.

Bankia's use of renewable energies includes the photovoltaic solar energy facility installed at its headquarters in Valencia.

In line with this policy of respect for the environment, in addition to its recent membership in RE100, Bankia has joined the #PorElClima Community initiative led by Ecodes, the Spanish Office on Climate Change (Oficina Española de Cambio Climático) and the Fundación Biodiversidad; the 'Clúster de Cambio Climático' (Climate Change Cluster), coordinated by Forética, and 'The Earth Hour'.

Each year Bankia responds to the Global Climate Change Report questionnaire, which analyses its climate change management and strategy. In 2016, the bank obtained an A- Leadership score for its transparency in climate change management and for its actions to cut carbon emissions and mitigate the business risks of climate change.

RE100Open in a new window is a collaborative, global initiative of major corporations committed to 100% renewable electricity, working to increase demand for, and delivery of, renewable energy. Its goal is to accelerate the transformation of the global energy market and aid the transition to a low carbon economy. RE100 shares the compelling business case for renewables and works to remove barriers to the use of renewables and develop transparent reporting mechanisms. RE100 members operate throughout the world in a very broad spectrum of sectors, from telecommunications and financial services to vehicle and cement manufacturers. RE100 was created byThe Climate GroupOpen in a new window in partnership with CDPOpen in a new window, as part of the We Mean BusinessOpen in a new windowby coalition.