Green or social bonds? Large banks share their preferences
Santander, BBVA and Sabadell concentrate their ESG debt issuances on the fight against climate change, while CaixaBank is the only one among the four that bets on social debt.
Spanish banks are among the most active in the sustainable debt market worldwide. So far this year, they have issued almost €5,500 million in ESG bonds, and around €10,000 million if 2025 issuances are included. CaixaBank is the only one of the four major banks that focuses on social debt, while Santander, BBVA, and Sabadell concentrate on green debt.
CaixaBank has issued seven social bonds and nine green bonds, with €11,750 million of sustainable debt outstanding. The bank's eligible social loan portfolio totals €12,030 million, and its eligible green loan portfolio is €17,900 million.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
