In this regard, CaixaBank recently presented its first climate report, which contains the bank’s environmental strategy and sectoral decarbonisation goals of its credit portfolio. The bank, with a neutral operational carbon footprint since 2018, is working towards its credit portfolio becoming net zero in greenhouse gas emissions by 2050. To achieve this, it has com- mitted to reducing greenhouse gas emissions of its credit portfolio in the electricity sector by 30%, and in oil and gas by 23%, by 2030, becoming the bank with some of the lowest global figures in financed emissions in the sector, with 26.9 MTCO2e in oil and gas and 136 kgCO2e/MWh in electricity. These measures are expected to help it achieve its ultimate objective of decarbonising its entire portfolio by 2050 in line with the Net Zero Banking Alliance (NZBA), of which CaixaBank is a founding member. European benchmark in sustainability CaixaBank is a bank with strong historical links to the social impact of its activity, which is why it assumes the responsibility of driving a positive change in the economy aimed at the well-being of people. With this in mind, the bank has developed a new Sustainable Bank- ing Plan for 2022-2024, integrated into the new CaixaBank Strategic Plan, which includes its proposal for solving challenges such as in- equality, climate change and unemployment. FEATURED ARTICLES 91