Garanti BBVA has managed to achieve carbon neutrality by reducing its direct carbon dioxide (CO2) emissions to zero.

Global Finance has named Garanti BBVA the Best Investment Bank in Turkey for the fourth time in the last five years.

One year after the outbreak of the health crisis in Spain, we spoke to some of the leaders in the fight against the virus to find out how aid was mobilized. In the case of science, researchers consider this aid “essential for the research of this pandemic.” Three and a half million people have benefited from the global plan that BBVA launched in March 2020, ‘Social Response to COVID-19’. The money has been used to purchase medical equipment, support vulnerable groups and for research on the disease.

Garanti BBVA reaffirms its commitment against climate change and announces that it will stop financing coal-related activities.

BBVA has invested €91.4 million in financial education programs that have benefited 29.2 million people (almost the equivalent of the population of Peru) since 2008, the year in which it launched its Global Financial Education Plan. On the occasion of the European Money Week and Global Money Week celebrations, BBVA also announced that in 2020 it devoted a total of €2.7 million to fund these initiatives that contribute to promoting financial health among communities.

Garanti BBVA, Ekonomist magazine and the Turkish Association of WomenEntrepreneurs (KAGIDER) completed the 14th edition of their Women Entrepreneurs of  Turkey Contest. The winners in the four categories were announced during the awards ceremony, which took place online on March 5th.

BBVA increased its investment in social programs and initiatives by 25 percent, from €113.8 million in 2019 to €142.2 million in 2020, directly benefiting 12.2 million people. Additionally, the institution has promoted access to various training platforms to more than 15.6 million people. In 2020, BBVA’s social initiatives reached a total of 27.8 million people in countries where the Group is present.

Placing the core values of its corporate culture at the heart of its banking activities, Garanti BBVA issued its Integrated Annual Report 2020 with the concept “The Meaning We Attach to Words”. Integrating the real life reflections of its commitments to the society alongside economic indicators in its legal annual reporting, Garanti BBVA also describes the sustainability principles it has implemented in the process.

BBVA will reduce to zero its exposure to coal-related activities, stopping the financing of companies in this business by 2030 in developed countries, and by 2040 in the rest of the countries of its footprint. This decision, which is included in the updated BBVA’s Environmental and Social Framework, is in line with the Intergovernmental Panel on Climate Change’s (IPCC) proposal. This aims to limit the rise in temperatures to a maximum of 1.5ºC and achieve the ambition of a carbon neutral economy in 2050.

The many manifestations of COVID-19 have made us susceptible to associating any of its wide-ranging symptoms to the virus and we forget that other conditions still exist and need to be tended to. More worrisome is the fact that globally, public health measures to control the pandemic, including mobility restrictions and prioritization of COVID-19 treatment, coupled with the economic crisis that is producing an increase in poverty, has made it even more challenging for low-income patients to access treatment in a timely manner. In Latin America, according to Pfizer, the number of medical consultations  and oncological visits nearly halved. Moreover, in the region, having medical coverage and access to basic health care is limited to very few people.

For yet another year, the Organization for Economic Cooperation and Development (OECD) has published the data reported by nearly 40 of the largest foundations in member countries of the Development Assistance Committee (DAC), to showcase the impact of private philanthropy. For second year running, the BBVA Microfinance Foundation (BBVAMF) ranks as the leading contributor to development in Latin America, and the world’s second, next to the Bill and Melinda Gates Foundation.

In 2020, BBVA launched its ‘COVID-19 Social Response Plan’ with €35.7 million to help society at large. The funds were primarily used to purchase medical equipment to support public health systems. In addition, the bank collaborated with a variety of different organizations to support vulnerable groups, and promoted research on the disease and its side effects. More than 3.5 million people directly benefited from these initiatives, rolled out on top of another batch of measures implemented to support clients and customers, including payment deferrals and government backed loans.

Garanti BBVA has been included in Bloomberg’s Gender Equality Index – a recognition it received thanks to its internal equality policies, the benefits it provides its customers and its successful efforts through its entire value chain.

BBVA reached €50.2 billion in sustainable financing at the end of December 2020. This means it has achieved half of its sustainable financing objective foreseen for the 2018-2025 period (€100 billion), one year ahead of schedule. The growth rate in the financing of this type of BBVA sustainable operation is 33 percent more than planned.

BBVA received the banking industry’s silver award in the yearbook put together by S&P Global, analyst for the Dow Jones Sustainability Index (DJSI), the ranking in which the Group rose to the position of the second most sustainable bank in the world in 2020.

How do you know if a banking product is sustainable and contributes to the protection of the environment? In 2020, 26 banks including BBVA, tested how the European Union’s taxonomy on sustainable activities could be applied to core banking products. Common criteria for determining which products are sustainable could allow banks to drive sustainable financing for the entire economy.

Under the agreement with EBRD, Garanti BBVA will prioritize its investments with high sustainability performance for those who want to improve their performance while financing the investment projects.

The Garanti BBVA Partners Acceleration Program is looking for new candidates. This project aims to promote the development of entrepreneurial initiatives and ensure their sustainable growth.

The NOS group and BBVA formalized the first sustainable financing agreement for a company in Portugal´s telecommunications sector. The €100-million line of commercial paper -with maturity in June 2026- will cover the company’s global financing needs.

Garanti BBVA has been included in the CDP’s Global ‘A List’ thanks to its successful work raising awareness and managing environmental risks.

December 4 is the International Day of Banks. This year we must also celebrate that there are already 200 banks, including BBVA —which is among the founders— that have signed the Principles of Responsible Banking declaration. Together, they form the largest international coalition of financial institutions working together to integrate sustainability at the heart of their businesses and to align this with their commitments to the Paris Agreement on Climate Change and the Sustainable Development Goals.

Bank cards form part of the daily lives of hundreds of millions of people. The keys to  their success are their comfort and simplicity for carrying out all kinds of operations:  cash withdrawals, purchases, payments …When it comes time to choose one, it is important to know what types of bank cards there are and their characteristics.

Access to technology and financial education improvement for the entire population, especially the most vulnerable, is essential to achieving an inclusive recovery. These have been the main conclusions from the latest edition of EduFin Talks, a space for reflection and debate on financial education’s challenges organized by the BBVA Center for Financial Education and Capability in a 100 percent digital format.

Green bonds have been building a solid reputation among investors. Since December 2019 green bonds can be traded openly and transparently online. This is how the Nasdaq Sustainable Bond Network (NSBN) – the first electronic marketplace where professional traders can buy and sell sustainable, social and green bonds – works.

BBVA has joined the (Nasdaq Sustainable Bond Network (NSBN). It is the only Spanish bank on the platform, which consists of the various sustainable debt issuers in the world and is a clear reference point for socially responsible investors. The giant screens on the Nasdaq tower in New York City’s Times Square displayed BBVA’s logo to welcome the bank to this market.

New challenges and opportunities in financial education and inclusion will be the main topic of the third edition of EduFin Talks. The BBVA’s Center for Financial Education and Capability presents the new edition of EduFin Talks, a space to reflect on and discuss the challenges of financial education. This year it will be held fully online.

The BBVA Chairman kicked off MoneyFest, this year’s virtual edition of Money2020. In an interview with Spriha Srivastava, Executive Editor overseeing the London Newsroom of Business Insider, he shared his insights into the trends that the pandemic has accelerated, such as digitization and sustainability. Carlos Torres Vila considers that this crisis can be an “opportunity to reset our world.” In this sense, he noted that the “infusion of public funds must contribute to achieve a more digital, sustainable and inclusive society.”