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HomeLatest NewsThe Unicaja Foundation approves its new strategy and completely breaks with Medel

The Unicaja Foundation approves its new strategy and completely breaks with Medel

Date: December 11, 2023 Time: 08:42:20

The Board of Trustees of the Unicaja Banking Foundation has given the green light this Thursday to the entity’s strategic plan for the 2023-2025 triennium and has made effective the total rupture of the relationship of its former president Braulio Medel with the entity by not renewing his last two positions in her.

The new strategic plan will allow the Foundation to consolidate its leading role in private social work in Andalusia and adapt its action to the new times, focusing it on the issues that most concern society.

Thus, the main lines of action will be the strengthening of ESG (Environmental, Social, Governance) criteria, territorial balance, the sustainability of basic social work, support for financial education, the creation of a specific line of research, as well as another one on environmental conservation, the promotion of talent and the empowerment of volunteers.

“Another of the priority objectives for the Foundation will be to attend to the most pressing social needs, favoring equity and equality between people and social inclusion,” the entity chaired by José M. Domínguez stated in a statement.

To achieve this roadmap, the Foundation will have a budget of around 40 million euros this year, 20% more than in 2022. For 2024 and 2025, the Foundation hopes to continue with increases of around 10% per year , placing social investment in 2025 at an amount close to 50 million, which would mean increasing it by more than 50% in these three years of application of the plan.

With this growth, the Foundation plans to carry out a transformation and evolution of its structure, as well as to directly increase its social activity, especially in the areas where it understands that there is a greater need for action.

The Board of Trustees of the Unicaja Banking Foundation, to which as founding entity corresponds the approval of the composition of the boards of trustees of the Unicaja Foundation and the Unicaja Ronda Foundation, has also adopted a series of agreements before the expiration, on January 31, of the term of office of both government bodies.

In this sense, Medel (Fundación Unicaja Ronda and Fundación Unicaja) and Francisco de la Rosa (Fundación Unicaja Ronda) have not renewed their positions as trustees. In this way, Medel, former president of the Unicaja Banking Foundation, loses the last two positions that he held in that structure, materializing the rupture of his historical link with the institution.

The non-renewal of Medel, the great Andalusian financier who created Unicaja in 1991.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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