Assessment, disclosure and transparency
Learn about the standards we follow to measure sustainability
Disclosure and transparency
ICO is aware of the importance of establishing information and reporting systems linked to sustainability, in order to measure and monitor the impact of its financial activity on the three aspects of sustainability (environmental, social and governance - ESG).
The information is intended to assess the implementation of sustainability from a governance perspective, including specific compliance and code of practice issues, as well as the environmental and social impact of the projects financed.
The ICO Group's Annual Sustainability Report - EINF is prepared under the criteria of the Global Reporting Initiative (GRI), an international standard for the communication of non-financial corporate information, as well as following the requirements of Law 11/2018 on non-financial information and diversity. The Report is audited by an external verifier and contains financial and non-financial data that allows the different stakeholders to compare and evaluate ICO's ESG performance.
AENOR CONFIA, S.A.U. certifies that the ICO Group's Annual Sustainability Report complies with the principles of comparability, materiality, relevance and reliability and that the information is accurate and comparable.
In order to guarantee a respectful and preventative approach towards the environment, the ICO Group has approved and documented an environmental policy that has been fully adapted to the requirements of the ISO 14001 Environmental Management Systems standard and a code of good environmental practices, that has been certified by European Quality Assurance.
ICO management approved, as a cross-cutting objective of its Management by Objectives system, the development and implementation of a quality management system based on the requirements of the ISO 9001 standard, which certified by European Quality Assurance.Assessment
The ICO Group is incorporating a methodology and standards aligned with the EU Taxonomy and the SDGs for assessing and monitoring the impact of its activities, particularly on climate, and incorporating new environmental objectives as regulation in these areas develops.
In the projects it finances, both nationally and internationally, ICO applies the Equator Principles, categorising projects according to risk and encouraging the implementation of environmental and social management systems and plans by clients and borrowers in the planning and execution of projects.
