CaixaBank Employee Pension Plan (PC30)

CaixaBank Employee Pension Plan (PC30)

CaixaBank Employee Pension Plan (PC30) functions as the defined-benefit pension vehicle for employees of CaixaBank. Yolanda Blanch Ruiz leads the board of trustees; trade unions CCOO, SECB and UGT hold seats on the control commission. The plan holds a directly owned commercial real estate portfolio concentrated in Spain and invests in catastrophe bonds for diversification. It commits capital as a limited partner to private equity and infrastructure vehicles globally and to Sabadell Asabys Health Innovation Investments 2B in Spain. Public markets exposure targets 30 percent in global listed equities and 46 percent in government, corporate and high-yield bonds. The plan maintains memberships in the UN Principles for Responsible Investment since 2008, the Net Zero Asset Owner Alliance since May 2023, the Task Force on Climate-related Financial Disclosures, Climate Action 100+ and Spainsif. It joined the Spring Initiative in January 2024. VidaCaixa has acted as investment advisor since 2000. Governance rests with a board of trustees and a control commission that includes union representatives, creating a formal employee-oversight structure distinct from typical asset-manager mandates.