Grupo Cooperativo Cajamar Sustainability Profile
Grupo Cooperativo Cajamar, headquartered in Spain, is a leading cooperative banking group that has been serving its members since its establishment in 2000. With a strong presence in key regions such as Andalusia, Valencia, and Murcia, Cajamar focuses on providing a range of financial services tailored to the agricultural and rural sectors, as well as small and medium-sized enterprises (SMEs). The cooperative is renowned for its commitment to sustainable development and social responsibility, offering unique products such as agricultural financing, savings accounts, and investment services. Notable achievements include its recognition as one of the top cooperative banks in Spain, reflecting its robust market position and dedication to customer-centric solutions. Cajamar continues to innovate within the financial industry, ensuring that it meets the evolving needs of its diverse clientele.
DitchCarbon Score
How does Grupo Cooperativo Cajamar's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Grupo Cooperativo Cajamar's score of 46 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Cooperativo Cajamar's reported carbon emissions
In 2023, Grupo Cooperativo Cajamar reported total carbon emissions of approximately 2,165,000 kg CO2e. This figure includes 622,300 kg CO2e from Scope 1 emissions and 1,542,510 kg CO2e from Scope 3 emissions, with no reported Scope 2 emissions. The previous year, 2022, saw total emissions of about 1,972,000 kg CO2e, indicating a significant increase in emissions year-on-year. The organisation has committed to achieving net-zero emissions across all scopes by 2050, with interim targets set through the Science Based Targets initiative (SBTi). These commitments were formalised in 2021, and the organisation is classified as a member of the BA1.5 group, indicating its alignment with the most ambitious climate goals. In terms of climate impact, Grupo Cooperativo Cajamar has reported avoiding approximately 674,000 tonnes of GHG emissions through financed renewable energy projects and 4,000 tonnes through sustainable agriculture initiatives in 2024. Additionally, they achieved net GHG emission reductions of about 5,000 tonnes during the same period. Overall, Grupo Cooperativo Cajamar is actively working towards reducing its carbon footprint while supporting sustainable projects, reflecting its commitment to climate action within the financial sector.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 10,490,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - | - | - | - | - |
| Scope 3 | - | - | - | - | - | 0,000,000 | 0,000,000 |
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Grupo Cooperativo Cajamar's Scope 3 Categories Breakdown
Grupo Cooperativo Cajamar's Scope 3 emissions, which increased by 15% last year and increased by approximately 15% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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Grupo Cooperativo Cajamar's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Grupo Cooperativo Cajamar has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Grupo Cooperativo Cajamar's sustainability data and climate commitments