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Sabadell Inversión Ética y Solidaria Fund, which is managed by Sabadell Asset Management (an Amundi company), held the ceremony to award grants to charitable causes on Wednesday, 4th October.
Banco Sabadell and Sabadell Asset Management are pioneers because they created in 2006 a social impact responsible investing solution that coupled with solidarity is aligned with the principles of the Catholic Church’s social doctrine. Therefore, it allocates a significant amount of the fund management fees to charitable projects.
In the last 16 years, Banco Sabadell’s ethical project has amassed grants above €3,300,000. On this occasion, the financial resources arising from the assignment of a percentage of the Sabadell Inversión Ética y Solidaria Fund’s management fees were handed out to the projects selected in 2022 at the Banco Sabadell Auditorium. The donations amounted to €279,968 allocated to 27 organisations, NGOs, church groups and foundations.
The projects are selected by the Fund’s Ethics Committee, chaired by María Benjumea, which identifies and analyses each year the charitable projects eligible to receive grants, which could be implemented both nationally and internationally. It is worth highlighting the wide diversity of the projects selected by both region and the type of institution managing it or the reasons why they seek support.
At the ceremony, Francisco Vallejo, Chair of the Advisory Board of the Central Regional Office, gave the opening speech, while José Luis Montesino-Espartero, Institutional Business Manager, closed the ceremony. Meanwhile, Sabadell Asset Management, an Amundi company, was represented by Esther Rodríguez, Business Development Manager at Sabadell Asset Management. The ceremony was attended by representatives of other selected projects and was emceed by Santiago Portas, Manager of the Religious Institutions and Third Sector Segment, through which the Bank offers financial services adapted to the needs of both groups.
Esther Rodríguez noted during her speech: “At Sabadell Asset Management, we believe that this event is a space for inspiration and collaboration. Together, we can make a difference in the life of those who need help, while always remembering that investing ethically and charitably benefits all parties”.
Meanwhile, Jose Luis Montesino-Espartero said: “I would stress that the uniqueness of the fund lies in its charitable aspect, i.e. part of the fund’s management fees are allocated to Social Action and Development Aid programmes, allowing the fund participant to be an investor and a supporter at the same time”.
Sabadell Asset Management’s experience joins Amundi’s strong commitment to responsible investing. Amundi has more than 30 years managing this type of investments and is currently a leader in this sector. It was one of the founding signatories of the Principles for Responsible Investment. Since its inception, the company supports the commitment of enterprises and investors in the creation of a more sustainable society.
