During the first edition of the ‘BBVA Sustainable Finance Forum,’ Group Executive Chairman Francisco González explained the reason for the meeting. ''Banks need to help customers drive sustainable development.''
An actual commitment to sustainability is an opportunity, not a threat.
Pledge 2025 will help the bank align its activity to a 2ºC Scenario and strike a balance between sustainable energy.
The Turkish Women Entrepreneurs Competition recently celebrated its 12th edition. During the ceremony, the first and only one of its kind, the names of the winners of the four award categories – Turkish Woman Entrepreneur of the Year, Turkish Woman Entrepreneur Who Made a Difference in Her Region, Most Promising Turkish Woman Entrepreneur and Turkish Woman Social Entrepreneur of the Year – were announced.
Promising yourself to save and end up throwing in the towel is a common thing so a little nudge from time to time is no bad thing. According to the report ‘Nudges for Financial Health: Global Evidence for Improved Product Design’ of Innovations For Poverty Action (IPA), the commitment mechanisms that financial institutions put in place to help their customers are an effective solution for achieving savings once and for all and improving financial health.
The European Investment Bank (EIB), together with the global data company YouGov, has published the first-of-its-kind citizens climate change survey revealing popular beliefs about climate change and its economic impact. The study, which involved 25,000 people in the European Union, the United States, and China, exposes the extent to which the general public is concerned about climate change and what it means to their bottomline.
BBVA joined ING, BNP Paribas, Société Générale and Standard Chartered in a joint commitment to adapt their lending portfolio to the Paris Agreement on Climate Change. In an open letter to the global leaders and heads of state currently meeting at the 24th session of Conference of Parties to the United Nations Framework Convention on Climate Change (COP24) in Katowice (Poland), these banks committed to finance and design financial services that are needed to support clients as they transition to a low carbon economy.
The Principles for Responsible Banking were announced in Paris on November 26. BBVA is one of the founding banks involved in this initiative, which forms a part of the United Nations Environmental Programme.
The UN Climate Change Conference, held at the UN’s annual Conference of the Parties (COP), are international meetings that aim to negotiate and and agree the activities that need to be addressed by global climate policy. On the heels of the announcement in Paris of its participation in the UN’s Principles for Responsible Banking, BBVA also joins this global initiative for a sustainable future.
The Principles for Responsible Banking were presented in Paris on November 26. These principles are the result of a joint initiative comprising 28 financial institutions and the United Nations that aims to take on the climate change and sustainability challenges facing society today.
Under the auspices of the United Nations (UN), Garanti joined 27 other global banks at the presentation of the Principles for Responsible Banking in Paris. BBVA owns a 49.85% stake of Garanti – the only Turkish bank participating in this global initiative.