The ICF has joined the United Nations Global Compact, the world’s largest corporate social responsibility initiative which seeks to promote the implementation of the Global Compact’s Ten Principles among signatory organisations and help attain the Sustainable Development Goals (SDGs). With more than 13,500 participants in 165 countries, the UN Global Compact is the world’s largest corporate social responsibility initiative.
The ICF has taken a further step forward in fostering sustainable economic development through its lending, guarantee and venture capital operations. Signing up for this initiative as a partner, the institution is committed to aligning its strategy with the ten universally accepted principles in human rights, labour, environment and anti-corruption. It will also continue to work towards accomplishing the 17 SDGs in the United Nations 2030 Agenda.
“The financial industry has a key role to play in achieving both the Ten Principles and the SDGs,” says ICF CEO Víctor Guardiola. “Mindful of our role as a public bank, this year we will carry on funding and investing in projects which have a constructive impact on the economy, society and the environment.”
By joining the Global Compact the ICF is stepping up its commitment to sustainable development. In 2019, the institution set out its strategic SDGs (SDG 8 and SDG 9), which cut across all of the ICF’s operations, along with its priority SDGs (SDG 3, SDG 7, SDG 11, SDG 13 and SDG 17), where the ICF also makes an active and significant contribution. Since then, the ICF has been pursuing an Action Plan to drive and promote its input to the SDGs both internally and externally.
Related materials
SDG Contribution Report – Activity 2019
About the ICF
The Institut Català de Finances is Catalonia’s public financial institution. Its main mission is to foster funding for the business community in Catalonia in order to support the growth, innovation and sustainability of the Catalan economy. The ICF acts as a complement to the private sector by offering a wide range of financing solutions focusing on loans, guarantees and venture capital. Since 2014 it has been a member of the European Association of Public Banks (EAPB) which brings together most of the public banks and financial institutions operating in Europe.
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