CaixaBank Sustainable Funding Framework (2025)

The 2025 version of CaixaBank's Sustainable Funding Framework reflects three substantive changes from the 2022 version: (1) The framework title shifted from "Sustainable Development Goals (SDGs) Funding Framework" to "Sustainable Funding Framework," signaling a broadened scope beyond SDGs alone; (2) The table of contents was expanded to include new subsections on sustainability governance, environmental/climate strategy, and SDG contribution, indicating deeper integration of climate and governance considerations; (3) A new appendix on eligible green projects and detailed eligibility criteria was added; (4) Language around use of proceeds was refined from "Eligible Assets" to "Eligible Projects," suggesting a more project-level governance approach. These changes represent a maturation of the framework with stronger climate focus and more detailed project-level criteria.

• modified Framework Scope — Framework renamed from 'Sustainable Development Goals (SDGs) Funding Framework' to 'Sustainable Funding Framework,' indicating broader sustainability focus beyond SDGs alone
• added Governance and Policies — New subsection 1.1.1 'Sustainability: Governance and Policies' added to Introduction, establishing formal governance framework requirements
• added Climate Target — New subsection 1.1.2 'Environmental and climate strategy' added to explicitly address climate strategy within the framework
• added Standards Alignment — New subsection 1.1.3 'Contribution to the achievement of the SDGs' clarifies SDG alignment as part of broader framework rather than sole focus
• modified Use of Proceeds — Language shifted from 'Eligible Assets' to 'Eligible Projects' for both social and green debt instruments, indicating project-level evaluation rather than asset-level categorization
• expanded Eligibility Criteria — New Appendix added titled 'Eligible Green Projects: Eligibility criteria' providing detailed project-level eligibility criteria not present in 2022 version
• modified Use of Proceeds — Section 4 renamed from 'Project evaluation and selection' to 'Process for project evaluation and selection,' suggesting more formalized procedural documentation