Businesses should support and respect the protection of internationally
proclaimed human rights.
Businesses should make sure that they are not complicit in human rights
Businesses should uphold the freedom of association and the effective
recognition of the right to collective bargaining.
Businesses should uphold the elimination of all forms of forced and compulsory
Businesses should uphold the effective abolition of child
Businesses should uphold the elimination of discrimination in respect of
employment and occupation.
Businesses should support a precautionary approach to environmental
Businesses should undertake initiatives to promote greater environmental
Businesses should encourage the development and diffusion of environmentally
10. Businesses should work against all forms of corruption, including extortion and bribery.
Spanish saving banks have
traditionally faced up society’s challenges, subsidiarily supporting governments
and other institutions’measures while avoiding deceitfulness.They have always acted in a socially responsible way.
While for some companies RSC is just a 21st century trend, Spanish saving banks
have been applying it for 170 years. At first, their goal was to“find a balance between society and economy in order to
fight exclusion and usury and help savings to move and be invested in projects
hat would benefit the nation and which may result in job and ealth creation. All
this would therefore contribute to economic and social progress”.
For saving banks, RSC must take
into account a good corporate management, internal and external relationships,
financial activities’ social effects, and the social investments themselves.
Society must know that saving banks are as financially competitive as any other
corporation from any country, while they are unequalled investors in the social
field. No other companies invest as much money in social projects as the saving
banks do; nearly 30% of their profits are invested in social projects regarding
several subjects: social and health assistance, education and research, culture
and leisure activities, environmental actions and programmes, heritage
renovation, etc. In 2004, Spanish saving banks invested 1,19 billion, in social
projects, which represents 14,5% more than the previous year. According to
Carlos Balado, Director for Social Investment and Institutional Relationships at
Spanish Confederation of Saving Banks (CECA),“financial
activities must always be linked to social investment, and social investment is
impossible unless a corporation makes money, accumulates reserves and makes
itself stronger and more solvent”.
When saving banks invest in
social projects, they get involved themselves, instead of just providing the
funds so that other people manage it. They have short, medium and long-term
programmes, and so their contributions last until the project achieve its goal.
Therefore, we can say that it is society as a whole that benefits from every
social action undertaken by saving banks.
Saving banks help its active
employees and those who are pensioners or have retired by letting them use their
facilities as headquarters for their organizations, or by providing funds. We
can proudly say that these organizations we have been working for are a great
example of corporate social responsibility.
José Roberto López
Executive Vice-president of the