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Life and Culture

Life and Culture

The BBVA Foundation has awarded the Frontiers of Knowledge Award in the Economics, Finance and Business Management category to Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki and John Moore for their fundamental contributions to our understanding of how financial imperfections can amplify macroeconomic fluctuations and generate deep macroeconomic recessions. Their first works focused on a fundamental aspect that had not been addressed until then: the state of companies’ balance sheets and its effect on their borrowing capacity and, therefore, their investment capacity.

It´s been found that 62.5 percent of organizations with more than 50,000 employees are already working in an Agile way, according to the Agile Maturity Index report. In collaboration with Workday, Opinno consultancy presented its conclusions of an analysis of 600 companies (260 Spanish) from various countries. BBVA, a pioneer in incorporating agile work forms in Spain, is positioned as a benchmark for success in its implementation.

The BBVA Foundation has awarded the Frontiers of Knowledge Award in the Basic Sciences category to Paul Alivisatos and Michael Grätzel for their fundamental contributions to the development of new nanomaterials that are already being applied both in solar energy production and in next-generation electronics. The work of both winners opens the door to new avenues for the production of renewable energies, electronic devices, biomedical imaging techniques, and other applications.

The BBVA Foundation has awarded the Frontiers of Knowledge Award in Information and Communication Technologies to John Hennessy and David Patterson, founders of the new scientific area known as computer architecture, that designs the “brains” of computer systems. The awardees were the first to devise a conceptual framework that provides the field with a grounded approach to measuring performance, energy efficiency and the complexity of a computer.

The BBVA Foundation has recognized researchers David Julius and Arden Parapoutian with its the Frontiers of Knowledge Award in Biology and Biomedicine for their work to discover the receptors that mediate the touch sensations of temperature and pressure. A groundbreaking study that opened up new therapeutic avenues to reduce acute and chronic pain associated with trauma and a range of diseases.

BBVA was included in the Bloomberg Gender-Equality Index for the fourth consecutive year. The financial institution, which has placed diversity as a business objective, improved its rating by five percentage points compared to previous editions thanks to its policies of promoting equal opportunities in professional growth and an inclusive corporate culture, according to the international agency. Garanti BBVA, the Group´s Turkish subsidiary, is also included in the index.

Vicente Larraga, research professor at the Vaccines and Gene Expression Unit of CSIC Biological Research Center, participated in a videoconference for BBVA employees, where he answered their questions about current vaccines against COVID-19. Larraga is a doctor and honorary professor of research at the Margarita Salas Biological Research Center and has been a member of the jury for the BBVA Foundation’s Frontiers of Knowledge awards.

The BBVA Foundation distinguishes Neil Adger, Ian Burton and Karen O’Brien with a with a Frontiers of Knowledge Award in the Climate Change category for the contributions of their studies on social adaptation to climate change. This social perspective transforms a paradigm of research and action that was previously limited to the curbing of greenhouse gas emissions