La Caixa Foundation, One of the largest in the world in terms of assets and social investments, with an inheritance of more than 26,000 million, It has a growing international presence through its investments, social work or global industry organisations. from beginning to end CriteriaCaixa100% owned and providing resources to the industry social workhas a diversified stock portfolio More than 80 companies in 13 countries value More than 2.4 billion euros. The majority are leading groups in their sectors and they mean 2022 16% of Criteria’s consolidated revenues and they represent 15% of the gross value of this holding company’s portfolio in the first half of this year.
At a business level, this is one of the parts of Criteria’s portfolio, as well as being its major shareholder. CaixaBankIt is the reference partner with 32.24%. Nature (26.4%) Bank of East Asia (19.09%) Inbursa Finance Group (9.10%. As partners of Mexican boss Carlos Slim), cellnex (4.36%) and Telephone (2.40%) and this is highly internationalized and worth almost 20,000 million. To this we must also add those that are not listed, i.e. 99.5% Saba Infrastructures; 15% waters of barcelona and through venture capital activity. Caixa Capital Risk and a real estate portfolio managing more than 2,700 million assets, among other investment vehicles.
Trade and distribution in Portugal
In the foreign investments section, Inbursa (1,300 million) and The Bank of East Asia (646 million), as well as 80% of the investments in the diversification portfolio, are worth 1,928 million lira. 5 percent of Portuguese trade and distribution giant stands out sonae. In the case of CaixaBank, the volume of business generated outside Spain reached approximately 10% in 2022. Portugal as a spearhead, because 100% of BPI bank, it is the fourth financial entity in the country.
Internationalization of the Foundation, under the chairmanship Isidro Faine, This leads to Criteria in addition to the level of work occurring within it. social workIt is fueled by income from the business portfolio. This event this year Reached a record budget of 538 million for social, scientific, educational and cultural initiatives. It is Spain’s first, Europe’s second and one of the world’s largest foundations, after the US Bill and Melinda Gates and the British Wellcome Trust. There has been a shift in these activities in recent years, from a local commitment to an increasingly direct international presence in countries such as Portugal, or through relationships with international agencies and organizations that undertake initiatives to provide access to employment for children, the elderly or vulnerable groups. , among others.
Third level of internationalization Is it corporate? influential in organizations such as World Savings Bank Institute under the chairmanship of (WSBI) Isidro FaineChairman of the Confederation of Spanish Savings Banks (CECA); and the European Savings and Retail Banking Group (ESBG), among other organisations.
Through these forums, Fainé promotes a business model based on social engagement dating back to ancient times. boxes. That same week, Fainé was named president of WSBI and ESBG’s new Social and Philanthropic Council, of which she is president and vice president, respectively, and will strengthen its strategy to spread the model, according to the organization. .
From social inclusion to medical research
In terms of social work, its activity in Portugal stands out. He invested more than 136 million in the five years he was in this country. It plans to reach 50 million in social investment this year. In addition to social programs, the foundation also undertakes: international cooperation on Africa, Asia and Latin America through international projects with more than 800 institutions from around the world.
Another one of the columns is global health. In collaboration with the Alliance for Childhood Immunization (GAVI), with the resources of the foundation and donations from employees, customers and companies, 9 million children in Latin America and Africa have been vaccinated in the last 15 years. It has also established social alliances with its international investments, such as the Bank of East Asia or the Inbursa foundation in Mexico.
Another is the support given to the Icaria program. malaria In Sierra Leone or against the Mom program child malnutrition In Ethiopia, in cooperation with UNHCR, among many other actions. He is also the leading actor the investigation international medical In collaboration with the Global Health Institute (ISGlobal) or Caixa Research InstituteA new interdisciplinary research center specializing in immunology is being built in Barcelona.