CaixaBank Partners With BlackRock on Impact Investing
June 15 2021 - 11:12AM
Dow Jones News
By Dieter Holger
Spain's CaixaBank SA is partnering with BlackRock Inc. to bring
more impact investing to the bank as it readies a new range of
sustainability-focused investment and pension funds.
The Valencia, Spain-based bank said Tuesday that its upcoming
funds will be listed as Article 9, the highest sustainability rank
of the European Union's new Sustainable Finance Disclosure
Regulation.
"As with many other regulatory changes, we want to take the lead
and not only propose regulatory compliance, but be a transcendent
agent of the asset-management industry as a player committed to
sustainability and its transformative impact," said Victor Allende,
director of private banking at CaixaBank.
Impact investing aims to deliver financial returns and positive
impacts in society, including toward the United Nations's 17
Sustainable Development Goals such as ending world hunger,
providing education and clean energy. This style of investing often
targets privately held projects instead of public markets.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
June 15, 2021 11:07 ET (15:07 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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