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Climate change

25 Sep 2020

On September 25, 2015, at the United Nations headquarters in New York, representatives from 193 countries approved the Agenda 2030. Pivotal to the agenda, the UN defined 17 Sustainable Development Goals and 169 targets – which were announced during the signing ceremony – that address a broad range of issues, from extreme poverty to climate change, and promote both education quality and gender equality, peace or responsible consumption. To commemorate the occasion, BBVA lit up in blue (in homage to the United Nations) its flagship La Vela building in its corporate headquarters in Madrid.

21 Sep 2020

Today, international banks BBVA, BNP Paribas, ING, Société Générale and Standard Chartered (also known as ‘the Katowice Banks’) published a report on the application of the PACTA methodology, designed to steer their credit portfolios towards the objective of the Paris Climate Agreement. This report aims at helping banking peers to quickly understand and apply this methodology and thus publish comparable results.

17 Jun 2020

22 May 2020

20 Jan 2020

16 Jan 2020

Larry Fink, CEO of BlackRock, warns that his asset management company (the world’s largest) will take action against investee companies that do not consider sustainability. “We will be increasingly disposed to vote against management and board directors when companies are not making sufficient progress,” he warns in his annual letter to the CEOs of the world’s leading companies.

09 Jan 2020

The BBVA Foundation has honored “the fundamental contributions” of American researcher Kerry Emanuel to understanding the essential physics of hurricanes with the Frontiers of Knowledge Award in the Climate Change category. The twelfth edition of the awards has recognized the pioneer work of this professor of Atmospheric Sciences at Massachusetts Institute of Technology (MIT), for being the first to link this phenomenon with the warming of sea surface waters driven by climate change.

19 Dec 2019

10 Dec 2019

04 Dec 2019

The rise in the global temperature has negative effects on the planet – effects that are difficult to revert in some cases. Increasing frequent heat waves, devasating fires – like the recent fires in California – and natural disasters like tropical cyclones, floods and droughts, have had an enormous impact on the environment and socioeconomic development.

03 Dec 2019

02 Dec 2019

22 Oct 2019

08 Oct 2019

02 Oct 2019

After last week’s climate summit in New York, there is still a lot of uncertainty around the feasibility of fulfilling either the 2030 Sustainable Development Agenda goals or hitting the 2050 carbon neutrality target. In an article written by BBVA Research’s Arturo Fraile, the economist warns that “time is running out, and progress must be made” because positive results are still on the distant horizon. In his opinion, financial regulation and supervision will be key to this unavoidable transition.

16 Sep 2019

The extinction of species, the rise in temperatures and major natural disasters are some of the consequences of climate change. Countries and industries are aware and work to combat the planet’s accelerating pollution. Are there any viable solutions? According to some researches, using big data and machine learning could help drive energy efficiency, transforms industries such as the agriculture and find new eco-friendly construction materials.

29 Aug 2019

15 Jul 2019

The United Nations warns about one of the most significant global issues facing humanity, as reflected in Sustainable Development Goal (SDG) 13: climate change and its impacts. “Without action, the world’s average surface temperature is likely to surpass 3ºC this century. The poorest and most vulnerable people are being affected the most.” BBVA’s approach to business is accompanied by a firm commitment to mitigating the effects caused by climate change and integrating them into its risk management model.

01 Apr 2019

On Saturday, March 30th, the world came together to celebrate Earth Hour, an initiative promoted by the Worldwide Fund for Nature (WWF). Entire cities went dark for an hour to raise awareness and urge people to join the global movement in support of the environment and the protection of the planet. BBVA’s HQ in Spain – Ciudad BBVA – as well as other corporate buildings and headquarters in other countries, including Mexico, the U.S., Colombia, Peru, Uruguay or Argentina, also showcased their commitment to sustainability and the fight against climate change.

29 Mar 2019

The planet needs all of us. Helping it with a one-hour blackout is something that means very little to each of us, but it is very important to the place where we live — and not just symbolically. For the 12th year since Earth Hour was first launched in 2007 by World Wildlife Fund (WWF, the large independent organization dedicated to the conservation of nature) in 2007, the biggest capitals in the world will turn off their lights to fight climate change.

15 Jan 2019

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Chris Hadfield was the first Canadian astronaut to live aboard the International Space Station, spending almost 4,000 hours in space. Hadfield is one of the most experienced and accomplished astronauts in the world; he was responsible for the shuttle´s communications during 25 launches, was NASA’s director of operations, chief of robotics at the Johnson Space Center, and chief of operations for the International Space Station. He also served as commander of the International Space Station where he led a record number of scientific experiments, in addition to becoming one of the most popular astronauts in history taking photos and recording educational videos about life in space, for which he has received much praise. His music video of his gravity-free version of David Bowie’s Space Oddity is his most popular video.

09 Jan 2019

The BBVA Foundation Frontiers of Knowledge Award in the Climate Change category has gone in this eleventh edition to Anny Cazenave (France), John Church (Australia) and Jonathan Gregory (UK), for their research into the response of sea level to climate change. Narrowing down the causes, integrating satellite observations and innovations applied in numerical modeling have contributed to discovering that the pace at which this rise is taking place is increasing.

22 Nov 2018

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“The Principles for Responsible Banking demonstrate the banking industry’s clear commitment to a sustainable future – the only future that is acceptable and profitable for everyone.” With these words, Christiana Figueres, Convenor of Mission 2020 and former Executive Secretary of the United Nations (UN) Framework Convention on Climate Change, expressed her support for the Principles for Responsible Banking, and called on banks, regulators and stakeholders to join them.

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.

09 Jul 2018

On February 28, BBVA unveiled its climate change and sustainable development strategy ‘Pledge 2025’. A cornerstone of this pledge is the sector norms which enable the bank to address specific matters of sustainability with particular environmental and social impact (mining, energy, infrastructure and agribusiness) and provide clear guidance on the procedures to follow in the management of clients and transactions in these sectors. These rules embody the Commitment to Human Rights that BBVA took on board in 2008 and which has recently been updated.

22 Jun 2018

Last Sunday, June 17, the BBVA Communication team and their families took part in “1m2 por la naturaleza” initiative, the great collaborative garbage collection in Spanish ecosystems.

29 May 2018

BBVA is one of 26 international banks that will work jointly on the development of Banking Principles that will align the banking industry’s business model to the UN’s Sustainable Development Goals and the Paris Agreement on Climate Change. The United Nations is driving the initiative. BBVA’s Group Executive Chairman stressed that “these banking principles will define the standards and accountability model for the future of banking.”

21 May 2018

18 May 2018

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For over a decade, the BBVA Foundation has promoted the fight against the two main environmental challenges our planet is facing today: climate change and the soaring loss of biodiversity.  The Foundation’s project to preserve the environment — presented at the BBVA Sustainable Finance Forum — falls within the scope of the bank’s commitment to sustainable development.

26 Apr 2018

28 Feb 2018

BBVA today announced its strategy around climate change and sustainable development, Pledge 2025. The strategy will help the bank meet the United Nations Sustainable Development Goals and is in line with the Paris Agreement on Climate Change. Pledge 2025 will help the bank align its activity to a 2ºC Scenario and strike a balance between sustainable energy and fossil fuel investments and is based on three lines of action: financing, management and engagement.

02 Feb 2018

09 Jan 2018

16 Dec 2017

13 Dec 2017

Customer experience, the new business models and investment in social commitment are the three opportunities for the banking industry, as it seeks to maintain a relevant role in society. “Investing in social sustainability is part of the banking industry’s responsibility,” said José Manuel González-Páramo, BBVA’s Executive Director and Head of Economy, Regulation and Institutional Relations, during the event entitled XIII Banking Industry Meeting organized by IESE (13th Meeting of the Banking Sector, organized by IESE) in Madrid.

11 Dec 2017

ShareAction, one of the most important observers of responsible investing, has published a study on the 15 biggest European banks, analyzing how we manage the risks and opportunities related to climate change. This study follows the guide for investors on discussing climate change with their bank that was published a few months ago.

Big Data can play an important role in achieving the UN’s Sustainable Development Goals, which the international community hopes to do by the year 2030. However, to reach this objective, more information and more public-private cooperation is needed.

29 Nov 2017

UN Global Pulse, a United Nations agency that seeks to use big data for the public good, has announced the winners of Data for Climate Action – an open innovation initiative to find solutions for climate change.  BBVA Data & Analytics collaborated with the initiative by providing statistics on credit and debit card transactions in Spain.

17 Nov 2017

The Conference on the United Nations Convention on Climate Change is currently taking place in Bonn, from Nov. 6-17. At a side event hosted by the Inter-American Development Bank (IDB), BBVA was invited to share its approach to green finance.

09 Nov 2017

BBVA’s Group Executive Chairman is convinced that technological advances will be accompanied by greater progress and well-being, but he is also calling for policies and structural reforms that are capable of mitigating the costs of the transition to the new digital society. Supporting research and education, promoting competition and transparency in the markets and developing new employment policies and social protection systems were among the recommendations Francisco González shared at an event organized by El Periódico de Catalunya and BBVA in Barcelona.

27 Sep 2017

The recent elections in Germany have ended this year’s electoral cycle in Europe. With euroscepticism weighing in at the ballot box, it’s now up to the European Union to bring its institutions closer to the continent’s citizens, according to José Manuel González-Paramo, Executive Director of BBVA, speaking at a conference on “The New Europe: Challenges and Opportunities” organized by ADEIT.

26 Sep 2017

23 Sep 2017

The path of devastation left by Hurricanes Harvey and Irma has affected more than tens of thousands of people along the Texas Gulf Coast and Florida. According to BBVA Research USA, the economic impact of Harvey could reach $111 billion for Texas and $52 billion for Florida due to Hurricane Irma. Now as impacted communities transition to the recovery stage, many neighbors and people throughout the nation are willing to lend a helping hand. Here are a few ways you can assist with disaster relief efforts.

13 Sep 2017

07 Sep 2017

06 Sep 2017

Hurricane Harvey slammed into the South Texas coast in late August, bringing with it historic and unprecedented flooding and leaving a path of destruction in its wake, the exact toll of which will take weeks, months and likely even years to determine.

BBVA Compass, with nearly a quarter of its branches located in South Texas and its holding company headquarters located in Houston, felt the full force of Harvey’s lashing, with employees’ personal lives impacted, administrative buildings closed, branches closed and some flooded and ATMs knocked offline. But, as one of the top 25 largest U.S. commercial banks based on deposit market share, it was critical that operations continued with minimal interruption to serve all communities and clients.