Sustainability at Afi
“Afi was founded on values very close to what we now understand as sustainability. Since our inception, we have combined our business interests with a special sensitivity to social and environmental progress. Today, we continue to dedicate the same effort to positively impact our customers, students and employees, among many other interest groups; and to reduce our impact on the planet.”
Borja Foncillas
President and CEO of Afi
For the environment
For the environment
We consider respect for the environment as one of the main elements of the concept of sustainability, which is why we are committed to continuing to move towards a more sustainable model, based on digital transformation and the reduction of emissions, where respect and protection of the environment are integrated into all our processes and activities.
Our Environmental Policy establishes a frame of reference for reducing environmental impact and integrating nature protection. It defines the principles of action for environmental and natural capital management.
How do we implement our strategy?
1. We improve our environmental performance
- We have an Environmental Management System (EMS) certified through the ISO 14001, which allows the identification of the environmental aspects most relevant to Afi's activity.
- The SGA facilitates the control of energy and water resources and other consumptions that depend on the natural environment.
- Contribution to the circular economy by identifying the types of waste that we generate and mark an action for each of them.
2. Leadership and Environmental Responsibility
- Afi has a person responsible for the environmental management system and ensures that the processes are operational and that the processes are operational.
- Our management team is committed to the permanent adaptation of the SGA, in order to continuously improve its effectiveness, adapting it to current business and market conditions and to customer requirements.
3. We measure our GHG emissions and offset our footprint
- Since 2019, we have been measuring the carbon footprint (scopes 1 and 2) and, since 2021, it has been registered in the Carbon Footprint and Greenhouse Gas Emission Absorption Projects Register of the Spanish Office for Climate Change (OECC) of the Ministry of Ecological Transition and Demographic Challenge.
- Afi, committed to improving the natural environment, offsets its GHG emissions with forest restoration projects for quarries and mines.
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Our employees
Our employees
Our employees
We contribute with the tools that are at our disposal to improve the quality of life of our employees. Since our commitment to promote the conciliation from personal and work life, to profits offered to all employees such as: health insurance, flexible compensation, training, program mentoring and a psycho-emotional helpline, among others. All of them collected in the Afi Wellness Guide.
- Every year we do a work environment survey to listen to our employees, to know their degree of satisfaction and to know in detail their experience at Afi. Results and annual plans to increase commitment, innovation and well-being are shared with all employees.
- We have a occupational safety and health management system which allows us to ensure the well-being of all our employees.
- Also with a risk identification and prevention system, adequate training on prevention measures and the implementation of psychosocial health care policies.
- In 2024, 12,549 hours of training were provided for our employees.
Dissemination and knowledge
We consider training to be a fundamental pillar in the positive development of society.
- With the Excellence Scholarships At Afi Escuela, we reward students with a great academic record.
- Las Scholarships #MujeresQueTransforman are aimed at training Executive. The objective is to enhance women's access to this type of program.
- Yo Sumo of Afi Emilio Ontiveros Foundation makes available to young people and teachers training actions, competitions and activities aimed at promoting the pleasure of understanding and following the economy and finance.
Equality and Diversity
One of our priorities is to guarantee the principle of equal opportunities and the absence of discrimination. For this reason, in 2020, the Afi Equality Plan, executed by the Afi Equality Commission and in line with the Organic Law on Equality.
- We are signatories of the Charter of Diversity in Spain, a project promoted by the European Commission and the Ministry of Equality.
- #MujeresQueTransforman is a corporate social responsibility project launched by Afi Escuela.
- We are committed to a heterogeneous workforce. In the last three years, the percentage of women in Afi has been growing, accounting for 46% of the workforce in 2022. We have more than 14 nationalities and the average age is 36 years. The percentage of people with disabilities, by direct employment, is 1.1%, and is above the norm.
- Since March 2024, we have been part of the #AquíEstánEllas project of the Spanish Executive Association @s and Counselor @s (EJE&CON). With this commitment, we want to promote the balanced participation of women and men in all spheres of influence (events, juries, publications, congresses, etc.).
Dissemination and knowledge
Disclosure
In the Board of Directors strategic decisions are approved, at the proposal of the Executive Committee.
In turn, our governing bodies rely on: those responsible for Afi's different business areas and the business and internal management commissions: Training Committee, Investment and Advisory Committee, Financial Services Commission, Economy, Business and Pensions Commission, Sustainable Finance Commission, Conflicts of Interest Commission, Compliance Commission, Equality Commission and Sustainability Commission.
Standards and regulations
Our government, in turn, relies on regulations, such as Afi Code of Ethics, and in official bodies, such as the International Organization for Standardization.
At Afi we are rigorous in complying with the commercial and accounting regulations, providing appropriate information to independent auditors. Currently, the companies that are individually audited are: Analista Financieros Internacional S.A., Afi Escuela S.A. and Afi Inversiones Globales S.G.I.I.C. S.A. In addition to being audited, the following investment funds are audited: Afi Global and Social Stock Exchange Fund (FESE).
- For environmental and quality management, we have ISO 9001:2015 And ISO 14001. Also with ISO/IEC 27001, standard for information security.
- We are attached to the Digital Pact for the Protection of Individuals of the Spanish Data Protection Agency (AEPD).
- Un data protection officer external oversees compliance with the provisions of current data protection regulations and Afi's data protection policies.
- In 2022, we implemented the Afi Supplier Policy. It ensures that our suppliers comply, not only with contractual obligations, but also with the rules and laws of the country in which they operate.
We also make a positive impact through our experience and knowledge
- We manage the Social Stock Exchange Fund. A fund of 22 million euros to support the growth of young companies with potential that want to generate a positive and measurable social and environmental impact in the world. The Fund is registered as a European Social Entrepreneurship Fund (FESE) by the National Securities Market Commission (CNMV).
- I am Finance from the Afi Emilio Ontiveros Foundation dedicates hours of free training and consulting to promote and mentor entrepreneurs and institutions in the third sector.
- We are members of Spainsif since 2019, as a service provider.
- We collaborate with SpainNAB, an alliance of leading organizations in the investment community to promote impact investing in Spain.
Accreditations
