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Climate change 20 Jan 2020

BBVA, considered “category A-” company by CDP for being a leading company in the fight against climate change

Carbon Disclosure Project (CDP),  the world’s main platform for environmental information, has included BBVA in its “category A-”, consisting of leading companies in the fight against climate change. The bank has improved its rating in the past three years and is now in the top category: Leadership (A).

CDP included BBVA in the index of companies leading the fight against climate change. In 2019, the bank was in category B, and in the past three years has gone from C to A-.

Dexter Galvin, Global Director of Corporations & Supply Chains at CDP, said: “Congratulations to the companies on the A List for blazing a trail for others to follow. Other companies should look to these leaders for inspiration and learn from them.

BBVA is also reinforcing its presence in the world’s main sustainability indexes. In fact, the bank is one of the top five European banks for its commitment to sustainable finance, according to a World Resources Institute (WRI) report. BBVA is ranked first in Europe and third in the world in terms of assets.

In 2018, BBVA announced its Pledge 2025, which includes the goal of mobilizing €100 billion in sustainable finance by 2025.

In addition, BBVA is one of the founding banks of the United Nations Principles for Responsible Banking and has also joined The Collective Commitment to Climate Action, launched by 31 financial institutions.

CDP is the world’s main platform for environmental information. It is an independent, non-profit organization that manages the largest global database of corporate information on climate change. Through an annual survey of over 7,000 listed companies, CDP compiles information on identified risks and opportunities related to climate change, emission reduction plans and the transparency of corporate action to mitigate climate change.

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