Madrid, December 19, 2019.- COFIDES has joined the group of entities that support the "Standards of Conduct for Business on Tackling Discrimination against Lesbian, Gay, Bi, Trans, & Intersex People".

These Standards have been drafted by the United Nations Office of Human Rights in collaboration with the Institute for Human Rights and Business with the aim of addressing discrimination against lesbian, gay, bisexual, trans and intersex people (LGBTI) in the field of business.


COFIDES' endorsement implies a commitment to favor diversity and guarantee equal treatment, as well as the adoption of measures to avoid any kind of discrimination towards the LGBTI group. Thus, COFIDES takes another step in the protection of the rights of this group after this year's approval of an LGBTI Policy with the aim of promoting diversity and social inclusion.

With its adherence to these Standards, “COFIDES reinforces its willingness to ensure the protection of the LGBTI collective and commits to promote equal treatment and activate measures against any kind of discrimination,” said the COFIDES chairman, José Luis Curbelo. In short, "we are committed to an inclusive and diverse environment based on equality," he added.

COFIDES is a state-owned company which has been offering financial support to Spanish companies investing abroad since 1988. It is accredited with the EU to manage Community budgets, allowing it to structure transactions with a high impact on development. It is also accredited with the UN’s Green Climate Fund and can structure operations on climate change mitigation and adaptation with the GCF. It is the exclusive manager of FIEX and FONPYME funds on behalf of the Secretariat of State for Trade attached to the Ministry of Industry, Trade and Tourism and supports AECID in managing FONPRODE funds. Shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF-Development Bank of Latin America.