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Sustainability 23 Jan 2020

Carlos Torres Vila, in Davos: "In 2018 and 2019, BBVA has mobilized €30 billion in sustainable finances"

This year, a top priority at the Davos Forum is fostering a more sustainable development, a goal that BBVA is completely committed to. Speaking from Davos, chairman Carlos Torres Vila announced that, between 2018 and 2019 “we have already mobilized €30 billion, a figure that represents a major achievement.” This is almost a third of the €100 billion in sustainable finances that BBVA pledged to mobilize between 2018 and 2025.

BBVA’s Group executive chairman noted that banks play a key role in the transition to a more sustainable economy. And the bank is already working in this direction. “We can help and support our customers with financing to help them in that transition,” said Carlos Torres Vila.

We can help and support our customers with financing to help them in that transition

At BBVA we say that the future of banking is financing the future, and by that we mean a future in capital letters,” he underscored.

Carlos Torres Vila stressed that climate change and building a more sustainable and inclusive economy is both a challenge and an opportunity. In his opinion, “We’re probably facing the most significant economic disruptions in history. And consequently, all businesses, all companies and society as a whole must adapt to this new reality.”


Chairman Carlos Torres Vila.

Regarding the issues discussed at Davos, BBVA’s Group executive chairman emphasized “the need to incorporate the perspectives of customers, clients, employees, shareholders and society as a whole, balancing the economic, environmental and social standpoints in everything we do as businesses.” Carlos Torres Vila recalled that “this is very much in line with the way we work at BBVA, always guided by our purpose - to bring the age of opportunities to everyone.”

He also recalled that this year’s discussions are also focusing on economic issues and the prospects for 2020, as well as “technology, data, artificial intelligence, quantum computing and other technologies that help us on a daily basis.