Responsible Business Plan
In a press conference today, local nonprofit housing developer Avenue celebrated officially breaking ground on Avenue Center, a new mixed-use community resource center in Near Northside. Construction was kickstarted by a $1 million gift from the BBVA Compass Foundation, which will create opportunities for Avenue’s comprehensive homebuyer education and counseling programs at Avenue Center.
14 Mar 2019
Earning an outstanding rating for CRA performance is a rare accomplishment — fewer than 10 percent of banks earn that rating. For BBVA Compass, it’s a clear reflection of the cultural shift that’s taken place within the organization over the past three years.
BBVA Compass launched its full financial education program for 2019 last week, on the heels of a successful four-month pilot program which wrapped in December, aiming to reach approximately 7,000 more people during its first full year in existence.
12 Mar 2019
The National Association of Women Business Owners reports 11.6 million women-owned firms in the United States. Access to banking solutions, ranging from small business loans to venture capital and digital applications, has been critical in fueling that growth.
04 Feb 2019
BBVA Compass today announced that the Federal Reserve Bank of Atlanta rated it “Outstanding” for CRA performance for its most recent examination period encompassing 2015 to 2017. The bank achieved “excellent performance” for community development lending and investments, and “high satisfactory” for service, which would translate to an overall “Outstanding” rating.
13 Nov 2018
“Our vision of the world is marked by a sense of urgency, but also by a sense of opportunity. We need to re-imagine the role of banking in society. As banks we have to focus on a mission and creating a positive impact on people’s lives.” These are the words of BBVA’s Global Head of Responsible Business, Antoni Ballabriga, on a panel where he was joined by the European Commission Vice President, Vladis Dombrovskis, during the Sustainable Finance in Nordic-Baltic conference held in Helsinki.
08 Nov 2018
BBVA backs the European network of Financial Centers for Sustainability, which was presented at the Climate Innovation Summit 2018. The annual summit is organized by Climate-KIC and was held in Dublin this year. “At BBVA, we value the creation of this network of centers representing Europe’s most influential cities. The initiative, which has its origins in the United Nations Environment Programme, represents an additional pillar encouraging all key players to get involved in building a more robust and resilient financial system.” asserts Antoni Ballabriga, BBVA’s Global Head of Responsible Business.
18 Jul 2018
The European Union continues to redouble its focus on sustainable finances and as part of this strategy the European Parliament last week held a forum attended by the main players in the financial world, among them BBVA through the presence of Antoni Ballabriga, Global Head of Responsible Business at the Bank.
17 Jul 2018
The banking industry is taking another step towards laying the groundwork to tackle the climate change threat with a new set of tools. The groundbreaking methodologies published today, aimed at helping the banking sector understand and manage the adverse effects and the opportunities of climate change in their loan portfolio. The methodologies are the result of a joint effort by sixteen leading global banking institutions – including BBVA – and Acclimatise, a UK-based climate change advisory.
28 Jun 2018
BBVA Compass has selected 16 social entrepreneurs from across the country to participate in its BBVA Momentum accelerator program, designed to help participants enhance their operations to impact the lives of more people.
21 May 2018
The role the financial sector must currently play in the fight against climate change, the challenges posed of sustainable financing and the proposed series of objectives to facilitate green financing were some of the issues discussed by the Sustainable Financing Solutions panel. This debate closed the first edition of BBVA Sustainable Finance Forum, which was held on May 9 and brought together investors, entrepreneurs and public and private sector institutions with the aim of promoting sustainable development and the fight against climate change.
10 May 2018
Iberdrola, Repsol and BlackRock representatives debated today about the need to integrate climate change into their strategies, speaking at the ‘BBVA Sustainable Finance Forum’ event, held today at BBVA’s headquarters in Madrid. The main takeaways were two: An actual commitment to sustainability is an opportunity, not a threat; and, more and more, investors demand companies to include sustainable criteria in their strategies.
03 May 2018
Human rights are an essential element of BBVA’s purpose: “to bring the age of opportunity to everyone.” Its Commitment to human rights, approved in 2018, sets the foundations for further progress in that direction, involving all the people who work in BBVA’s ecosystem.
27 Dec 2017
Putting up a new calendar and starting a new year means taking stock of past achievements and setting new goals. In the area of Responsible Banking, BBVA is ready to take on new challenges, in order to continue making strides in responsible financing, digital transformation, human rights and other important areas.
16 Nov 2017
Dr. David Ferguson moved to San Antonio, Texas a little less than a decade ago to find a warm place to plant his roots with his family. Little did he know that his business would heat up shortly thereafter.
06 Nov 2017
A proposed new law would require Spanish companies to increase the non-financial information in their management reports and expand content on corporate governance in their annual reports. The bill aims to measure, supervise and manage companies’ performance and their impact on society and the environment.
25 Oct 2017
BBVA is collaborating with CSR Europe to translate the “Blueprint for Embedding Human Rights in Key Company Functions” into Spanish. This manual uses practical examples and specific guidelines to help companies incorporate human rights into their business.
24 Oct 2017
As a partner in the Spanish Network of the United Nations’ Global Compact, BBVA works to promote sustainability and the achievement of the UN Sustainable Development Goals (SDG). United Nations Day provides a time to recall the role companies play in peoples’ lives and the need for them to make a firm commitment to creating a better future.
18 Oct 2017
Consumers might see their products at grocery stores across Texas, on airplanes, or at their factory nestled in Houston’s historic East End, an up-and-coming community undergoing a rebirth. Pita Pal Foods, LP is much more than a company producing a suite of Mediterranean products and gourmet foods: it’s a symbol of how far East End has come.
26 Sep 2017
11 Aug 2017
Garanti Bank believes that for any economy to achieve further growth, the participation of women in the labor force is crucial. Women must be encouraged to be entrepreneurs, and women- owned businesses must be supported. Garanti took action in 2006, becoming the first private bank to define women entrepreneurs as a separate client segment. “To empower women entrepreneurs”, Garanti Bank has had a sustainable Women Entrepreneurs program over a decade. In this respect, the activities focus on four core areas; access to finance, encouragement, education and penetrating new markets.
17 Jun 2017
In Mexico City, BBVA held the first edition of EduFin Summit, a global event on financial education organized by the Center for Financial Education and Capabilities, which the bank established early this year. With this forum, BBVA is giving the global movement for financial education a significant boost, consolidating the bank’s role as a global leader.
07 Jun 2017
Yesterday, Tradebe obtained the world’s first green syndicated financing in term loan format, for a total of €265 million. The transaction was signed by 11 national and foreign financial institutions with strong oversubscription under BBVA’s leadership as Facility and Green Agent, Coordinator and Sole Bookrunner.
05 Jun 2017
June 5 is World Environment Day, a UN initiative to raise awareness about the need to take care of the planet. BBVA will illuminate some of its most emblematic buildings in green as a gesture to signify its commitment to this cause.
26 Apr 2017
Women still have a long way to go in Latin America and data is the key to driving social policies than will put an end to inequality. This was the principal conclusion reached by the Fundación Microfinanzas BBVA, (Microfinance Foundation BBVA) during its participation in CSW61, the largest United Nations meeting on gender inequality and the empowerment of women.
10 Mar 2017
In an environment where companies are becoming increasingly aware about the importance of sustainability, green bonds are taking hold as a funding alternative: In 2016 global green bond issues reached $87 billion, a record level after closing at $42 billion in 2015.
08 Mar 2017
BBVA celebrates International Working Women’s Day with further progress as regards work/life balance, entrepreneurship and professional promotion. This is the right time to look back on one year of initiatives that promote female talent and try to mitigate the social injustices that affect women.
07 Mar 2017
BBVA is a conscientious bank that’s committed to doing right, and it evaluates a project’s social and environmental risks before making financing decisions. A global corporate citizen present in dozens of countries, we are signers of the UN Principles on Business and Human Rights, the UN Sustainable Development Goals and a member of the Thun Group on Human Rights.
01 Mar 2017
BBVA, the most active Spanish bank as regards the issuance of green bonds in 2015 (according to Bloomberg), has taken a giant leap by signing a green loan in favor of Iberdrola for 500 million euros. Being the first operation of this type for an energy sector company, this agreement involves the highest sum as of this date.
27 Feb 2017
How do ecosystems respond to human action? Is it possible to predict their behavior? Ecologists Gene E. Likens and Marten Scheffer, recent BBVA Foundation Frontiers of Knowledge award winners in the Ecology and Conservation Biology category, have produced work that tackles one of the main challenges this scientific discipline faces.
22 Feb 2017
The Integra Awards aim to recognize innovative initiatives that create quality jobs for people with disabilities in Spain. This initiative is part of BBVA’s Integra Plan, which stems from its conviction that employment is essential for promoting equal opportunities for everyone.
16 Feb 2017
On Wednesday, BBVA signed a green loan in favor of Iberdrola for 500 million euros. In addition to being the first operation of this type for an energy sector company, this agreement involves the highest sum as of this date.
10 Feb 2017
Fundación Másfamilia has honored a group of companies, including BBVA, for their commitment to the work/life balance of their employees and for their efforts in terms of equality and diversity.
16 Jan 2017
Climatologists Syukuro Manabe and James Hansen are the winners of the BBVA Foundation Frontiers of knowledge Award in the category “Climate Change.” Their research made it possible to predict global warming caused by the increase in CO2 in the atmosphere.
19 Dec 2016
The Dutch NGO PAX recently published a new edition of the report, “Don’t Bank on the Bomb”, which documents and denounces the governments and banks around the world that are financing of companies producing nuclear weapons. The organization also annually publishes the report “Worldwide Investments in Cluster Munitions: A Shared Responsibility”, which focuses on financing of cluster bombs.
07 Dec 2016
The ceremony of the 11th edition of the the BBVA Foundation’s Biodiversity Conservation Awards has revealed the need to find global policies against climate change. These awards recognize the efforts of the winners to avoid the destruction of the natural heritage and promote knowledge, action and awareness of ecology and conservation biology.
02 Dec 2016
After the financial crisis of 2008, the role that banks need to play in society seems to have been finally clarified. The purpose – or the rationale – of a bank is currently defined in terms of service to citizens, the community or the specific groups with which it interacts (stakeholders). In this new business model, principles are integrated into the bank’s strategy and grant consistency and unity to three fundamental concepts: the purpose, the strategy and the corporate culture. Today in the banking industry, the talk is not about what we want to be but how to become what we want to be. In other words: how to build a responsible culture.
01 Dec 2016
BBVA Compass repeated its participation in the AFPAware Community Service Day and helped the most disadvantaged. This year, the Community Service Day took place in Orlando and raised 4,500 kilos of food and 2,000 care kits for abuse victims and families in need.
22 Nov 2016
Around 300 female managers participated in Encuentro Promociona which was held at Ciudad BBVA. This event, chaired by Her Majesty Queen Letizia, is part of the Promociona Program designed to promote women’s access to senior management positions and boards of directors of companies.
21 Oct 2016
According to the ranking compiled by the US company Bloomberg, BBVA tops the most active list of Spanish banks in the market for environmentally responsible financing. The trend is global and the volume of green bonds issued on the planet is reaching record figures.
11 Oct 2016
BBVA has made further progress in driving the employability and labor integration of those experiencing social exclusion, via a corporate volunteering initiative. The bank has signed a partnership agreement with Compromiso Integra, a network of companies and entities committed to supporting socially responsible employment that is run by Integra Foundation.
05 Oct 2016
BBVA Foundation’s Biodiversity Conservation Awards recognize each year a number of activities based on scientific knowledge of nature. Each year, the winners show that good results can be obtained that have a lasting effect on the environment. This edition’s winners are engaged in activities as diverse as the rehabilitation of Spanish fauna, land conservation or recording a sound archive of nature.
16 Sep 2016
As a result of the integral transformation process kicked off in 2016, BBVA Bancomer established a scheme to implement a strategy based on the new concept of “Responsible Business” as the focal point of its social responsibility actions. The strategy is built on three cornerstones in first place, social actions aimed at fostering education and which are carried out through the BBVA Bancomer Foundation; the second, financial education; and third the promotion of entrepreneurship, primarily with a societal focus.
18 Aug 2016
The need, scope and nature of renewable energies are universal, but their development across different regions is uneven, and business opportunities in the sector are a battlefield where the interests of investors, engineers, ecologists, politicians and economists clash. Nobody seems to care what consumers – as both clients and citizens – have to say, allowed only to witness the debate as confused and voiceless spectators.
12 Aug 2016
Retirement remains an area that Spain needs to improve on. In Spain, only two out of every ten residents are saving for their retirement. In this context, it is necessary to raise awareness about planning your financial future. To this end, the BBVA Pensions Institute has carried out several initiatives in collaboration with the European Financial Planning Association (EFPA).
10 Aug 2016
The planet’s survival is an issue over which, by definition, all interests converge. Finally, after wasting precious decades and, with some exceptions, renewable energies seem to be managing to get politicians, businesses and citizens to unite and fight for a common cause.
20 May 2016
BBVA Compass announced that José ‘Pepe’ Olalla has been tapped as its Head of Business Development, an interim post he has held since December 2015 and one that plays a key role in the bank’s ongoing digital transformation in the face of changing consumer demands.
Investors, customers and society in general are demanding increasingly higher levels of transparency. There is also regulation accompanying these new demands, as illustrated by the EU directives on non-financial information that will become applicable in 2017.
17 May 2016
BBVA is taking a step further in integrating people with Down syndrome through the internship agreements of its Territorial Divisions with several industry associations. These initiatives allow those selected to be able to gain the experience they need to find a job and improve their skills.
29 Apr 2016
BBVA CEO Carlos Torres Vila said today that the sustainability of the banking business model in the current context of negative interest rates requires a change: To leave behind a money-centric infrastructure, based on revenues generated by interests, and develop a banking model that seeks to make a bigger difference in customers’ lives. Speaking during BBVA’s Q1 2016 results presentation, Carlos Torres Vila expressed his conviction that “the more we are capable of offering a distinctive value, the more satisfied customers will be and the more viable and sustainable our business model will be.”