The repercussions of climate change and the ensuing environmental commitment made by governments, the business community, and society as a whole have produced an onslaught of various terms that amount to a full glossary bound by sustainability. Carbon footprint is one of these terms.
27 Jan 2020
BBVA is celebrating the World Day for Reducing CO2 Emissions by reaffirming its environmental policy to develop a more sustainable economy. BBVA has committed to be neutral in terms of CO2 emissions in 2020. As of January 1st, it has assigned an internal price for its emissions, thus incorporating this factor into decision-making processes, as BBVA Group Executive Chairman Carlos Torres Vila recently announced. This measure is part of BBVA’s broader effort to align its activity with the Paris Agreement and cut its direct and indirect emissions. BBVA will light its Madrid headquarters building in blue in commemoration of this international day.
21 Nov 2019
Industry and institutions consider the Internet of things an opportunity for the present and the future that will digitize many operations and bring tremendous benefits. But it also has the ability to help combat climate change and protect the environment. This is how the Internet of Things could impact the sustainability of the planet in different areas, such as water use and energy efficiency.
09 Oct 2019
Energy savings at BBVA’s headquarters is 5,766,731 kWh a year, equivalent to the consumption of 1,900 households. This equals 12 to 15 percent less than when the complex was inaugurated in 2015 and a 1,430-metric ton per year reduction of CO2 emissions. The building’s sustainable design and equipment are not solely responsible for this success: tools powered by artificial intelligence have also been used to optimize the bank’s energy use.
01 Oct 2019
Garanti BBVA has been awarded the Leadership in Energy and Environmental Design (LEED) platinum certificate for the overall sustainability of its headquarters building in Istanbul. It is the only bank in Turkey to have received such recognition, which is one of the most rigorous green building rating systems in the world, developed by the American Council of Green Buildings (USGBC).
29 Aug 2019
Through its renewable energy subsidiary, Enel Green Power España (EGPE), Endesa has begun construction of ‘Primoral’ wind farm, which will supply power to BBVA from the end of 2019. The plant, located in Villamayor de Gállego (Zaragoza), will be a 35 MW power plant capable of generating 108 GWh a year once it comes into operation.
03 Jun 2019
A commitment to sustainable development is the best guarantee for a better future. All measures aimed at improving energy efficiency and increasing the use of renewable energy are welcome in this undertaking. This is precisely the objective of the United Nations seventh Sustainable Development Goal (SDG): to ensure access to affordable, reliable, sustainable and modern energy for all, an objective that BBVA is also actively supporting.
04 Mar 2019
The town of Villamayor de Gallegó in the outskirts of Zaragoza will host the wind farm that Enel Green Power Spain will build as part of an agreement with BBVA. The 10 wind turbines in the farm will provide 30% of the energy BBVA consumes in Spain.
31 Oct 2018
World economic growth is causing energy consumption levels to skyrocket. According to forecasts, energy needs will expand by 30 percent between today and 2040. This new scenario calls for practices aimed at promoting the efficient use of energy. But, is society really aware of the importance of curbing energy consumption?
30 Jul 2018
BBVA is to link its power supply needs to the construction of a new wind farm. The new facility, which will be developed, built and run by Enel Green Power Spain, is part of BBVA’s 2025 Pledge and will add renewable energy capacity in Spain, helping to reduce CO2 emissions.
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.
16 Dec 2017
A chronic deficit in infrastructure for telecommunications and logistics has hindered Argentina’s competitiveness in the tourism industry. Even so, since 2015 the country has moved up seven positions in the World Economic Forum’s biannual report on Latin America.
Argentina’s mega-deposit of non-conventional hydrocarbons is attracting investor attention at home and abroad. With pricing and labor costs now settled, investment figures are starting to arrive: President Macri has announced $5 billion, private companies estimate $8 billion and the total figure for the coming years stands at $120 billion.
11 Dec 2017
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
25 Oct 2017
This coming Sunday, October 29th, at 3:00 a.m., Spain’s time will change for the second time in 2017. Clocks will be set back an hour to 2:00 a.m., so we’ll get to sleep an extra hour. This will mark the end of Daylight Savings Time, which began on March 31st.
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
13 Sep 2017
Known as one of, if not the, oil and gas hub of the United States, the East Texas region suffered another dire consequence of Hurricane Harvey’s ripple effect: the interruptions to the energy companies who had set up shop in the affected areas.
14 Aug 2017
Due to the ever-growing demand for green products and services, eco-friendly companies are starting to pursue business opportunities in the Spanish economic landscape. These companies are committed to the generation of sustainable wealth and respect for the environment.
24 Mar 2017
Once again this year BBVA is joining in with Earth Hour as a symbolic gesture on top of its long track record of commitment to sustainability and caring for the environment. This initiative by the World Wide Fund (WWF) is now a decade old, and raises awareness of the fight against climate change by all those who take part in it.
01 Mar 2017
Francisco González, Group Executive Chairman of BBVA, presented the book The Next Step: Exponential Life in an event held at the Massachusetts Institute of Technology, This work collects the insights of twenty of the world’s most authoritative voices in a number of fields, analyzing the tremendous opportunities – and the risks and uncertainties – that the so-called “exponential technologies” will bring to humanity
22 Nov 2016
BBVA’s new corporate headquarters in Madrid have become an architectural and sustainability landmark. Architects Jacques Herzog and Pierre de Meuron have designed not only a smart but an environmentally and people friendly city, reflective of the financial group’s global digital transformation strategy.
04 Nov 2016
How did the sharing economy become a phenomenon? The initial idea – communities that share resources to improve services and limit the environmental impact of their actions – has evolved and reemerged in recent years thanks to the success of startups such as Uber, Airbnb or Taskrabbit. We asked some experts to help us understand why.
13 Oct 2016
The planet’s survival is an issue over which, by definition, all interests converge. After wasting precius decades and, with some exceptions, renewable energy finally seems to be managing to get politicians, businesses and citizens to unite and fight for a common cause.
14 Sep 2016
The structural reforms approved in Mexico in 2013 will allow growing the potential growth rate in the medium term. The measures are intended to make the economy more competitive. If their implementation process is adequately concluded, they may add up to one percentage point to the potential growth of the country.
30 Aug 2016
24 Aug 2016
Renewable energies are not only an investment opportunity, a response to the planet’s urgent need for sustainability and a change that will improve our lives –they can also rescue remote populations from their isolation and help ease their problems. Microgrids are making giant strides in every corner of the world, combining goals and mobilizing interests.
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.
16 Aug 2016
Our planet’s health depends on the awareness and collaboration from every single person in it. It depends on the adoption of clean and renewable energies that replace finite and polluting sources. Political and climatological factors also have an impact, but technological development and the laws that support and drive their adoption are indispensable.
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.
04 Aug 2016
21 Jul 2016
Wind has garnered a reputation for being not only an environmentally-friendly, but also a wallet-friendly alternative to produce electricity at a utility-scale level. This is in sharp contrast to the U.S. debut of large wind farms in 1980, which were primarily in response to environmental concerns and emissions reductions standards. Moreover, estimates on the cost of producing electricity with wind energy have been trending downward, making wind energy competitive with conventional energy sources, even after taking into account both government incentives and the historically low prices of natural gas and coal.
14 Jul 2016
In just a few years, Chile has left behind a power generation landscape dominated by conventional generation sources to become one of world’s top-investors in non-conventional renewable energy projects (NCRE) and one of the regional leaders in solar power technology. The boom is driven by factors such as an extensive coastline, a desert under recurrently clear blue skies and regulations that encourage operators
28 Jun 2016
Do you remember when oil prices fell below $30 per barrel? Back in February, markets couldn’t see the light at the end of the tunnel as prices hit their lowest level since December 2013. But in a gravity defying twist, prices rebounded to $52 per barrel in early June and have stabilized at an average of $50 per barrel since then.
19 Jun 2016
Indian climatologist Veerabhadran Ramanathan decided to study climate change when he realized the full extent of how human activity was altering the composition of our air. It was in the mid-1970s and he had just discovered that carbon dioxide is not the only atmospheric greenhouse gas: there are others called “trace” gases less abundant than CO2 but capable of trapping a thousand times more heat, and their atmospheric concentration is likewise on the rise.
21 Mar 2016
Once again this year BBVA took part in “Earth Hour” organized by the World Wide Fund for Nature (WWF), and turned off the lights in its buildings all over the world.
16 Mar 2016
Mexico’s energy reform was back in the headlines when President Enrique Peña Nieto’s announced that gas imports will be liberalized starting in April this year. Since the reform was enacted in 2013, Mexico’s energy sector has had to confront the economy progressively moving to reduce its oil dependence, sharp declines in oil prices and 2016 starting off with major budget cuts in the state-run Pemex.
16 Feb 2016
Sustainable cities are those that, through using their own resources, are able to maintain considerable progress in all their discharges by minimizing the impact it may have on the environment. Cities such as Santiago de Chile, Montevideo and Bogota have launched initiatives in this direction.
30 Dec 2015
2015 saw a number of key events in Latin America; but perhaps the most important occurred in the political arena with the change of government in Argentina, the National Assembly election results in Venezuela, and the progress made in the peace process in Colombia. These marked out a new direction for the countries in question and could have possible repercussions on the region’s economy.
17 Dec 2015
15 Dec 2015
El Niño is the warm phase of the ENSO (“El Niño Southern Oscillation”), a meteorological event defined by prolonged warming in the Pacific Ocean sea surface temperatures. This year’s event is currently affecting the countries of the Latin American Pacific basin, and could be the worst since 1950, due to the impact of the climate change.
02 Dec 2015
Simplicity and human scale, technology and sustainability are the defining traits of BBVA new corporate headquarters, designed by Swiss architecture firm Herzog & de Meuron. The authors of the Beijing Bird’s Nest or the redesign of the Tate Modern in London, drew their inspiration from the towns of the past, cities – paraphrasing Pritzker prize winner Jacques Herzog – “that work and are built for people”, to project a modern campus where architecture and technology are put at the service of people.
24 Apr 2015
Big Data, Internet of Things and urban development. The rise of these three factors working hand-in-hand means that growing smart cities are around the corner.
22 Dec 2014
Mobility is one of the hot topics for any major city. Up until now, mobility policies were based on a combination of, primarily, motor and overground public and private transportation. But this model is showing signs of wear in many cities. The main alternative has been subways and unground transportation systems. However, lately new trends in urban travel have emerged; they involve traditional means of transport now equipped with an engine, such as kick scooters and electric bikes. They reflect a change in how people move around in cities.
10 Feb 2014
BBVA Corporate & Investment Banking has received four “Deal of the Year” awards, specially focused on the energy industry, bestowed by Trade Finance Magazine for the best deals carried out in 2013.
05 Jun 2013
BBVA presents its new Global Eco-efficiency Plan (GEP) for 2013 – 2015, which sets a number of goals aimed at reducing its direct environmental impact and consolidating a management tool to help minimize the Group’s environmental footprint. Since the first GEP was launched in 2008, BBVA has managed to reduce water consumption by 30% and paper use per employee by 17%, and has increased to 29% the number of Group professionals who work in buildings certified according to ISO 14001 standard.