GPP by its own initiative or in collaboration with other organizations, has been promoting SRI through the different ways marked above. Moreover, four of our corporate Pension Funds are signatories of the United Nations Principles of Responsible Investment, as asset owners and as a proof of encouragement of the adoption of the PRI.
Additionally, we have been involved in the process of updating the document initially published in 1999 by INVERCO about the application of ESG criteria in the investment policy of investment vehicles. "INVERCO is the Spanish Association of Investment and Pension Funds, and represents Spanish Investment and Pension Funds, and the foreign domiciled UCITS registered at the the CNMV (Spanish Supervisory Authority) for its distribution in Spain." (http://www.inverco.es/acercaDeInverco.do)
On the other hand, Spainsif celebrates annually an event during one week to actively promote the SRI. Those events are all communicated to our clients from G.P.P. , inviting them to participate. That way we implement our commitment of promoting the development of SRI within the society.
It is also important to remark, that BBVA has been during last couple of years, in collaboration with other financial institutions, the sponsor of the "Observatorio de la ISR". This document makes an extense review along the Spanish financial industry, analizing the degree of the SRI penetration in any kind of financial product. You can find the document in the following link:
As we will see along the reporting, we have been developing our commitment through several and diverse activities which in any or other way justify the promotion of the activities previously detailed.