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.
“Our vision of the world is marked by a sense of urgency, but also by a sense of opportunity. We need to re-imagine the role of banking in society. As banks we have to focus on a mission and creating a positive impact on people’s lives.” These are the words of BBVA’s Global Head of Responsible Business, Antoni Ballabriga, on a panel where he was joined by the European Commission Vice President, Vladis Dombrovskis, during the Sustainable Finance in Nordic-Baltic conference held in Helsinki.
Social entrepreneur Michelle Corson of Dallas, Texas took home the $75,000 first prize for On the Road Lending, a company which finances fuel-efficient and reliable cars, under warranty, for lower-skilled workers with weak credit at the wrap of BBVA Compass second annual social entrepreneur program BBVA Momentum this week.
BBVA backs the European network of Financial Centers for Sustainability, which was presented at the Climate Innovation Summit 2018. The annual summit is organized by Climate-KIC and was held in Dublin this year. “At BBVA, we value the creation of this network of centers representing Europe’s most influential cities. The initiative, which has its origins in the United Nations Environment Programme, represents an additional pillar encouraging all key players to get involved in building a more robust and resilient financial system.” asserts Antoni Ballabriga, BBVA’s Global Head of Responsible Business.
Net Promoter Score, or NPS, is a metric that helps companies understand customer satisfaction and gauge customer brand loyalty. As metrics go, it’s a relatively simply one that calculates customer responses to the question, “On a scale of 0 to 10, how likely is it that you would recommend our company/product/service to a friend or colleague?”.
BBVA Compass teamed up with Experian to give small business owners access to expert advice and insight at a recent national webinar. The online workshop was intended to help small business owners and entrepreneurs navigate the impact of the 2018 tax law change which may permit taxpayers other than corporations to deduct of up to 20 percent of their qualified business income from a qualified trade or business under the Tax Cuts and Jobs Act.
BBVA was recognized as a global leader for its corporate responsibility and social investment programs in the latest report of Giving in Numbers, published by The CEO Force for Good. The report is based on the largest survey in the field of corporate social responsibility (CSR), gathering data from 252 of the world’s largest companies. The report placed BBVA in the top 25% of the most socially committed companies.
Claudio González-Vega, Chair of the Board of Trustees of the BBVA Microfinance Foundation and member of the Advisory Board of BBVA’s Center for Financial Education and Capabilities, is one of the world’s leading voices in finance and development, especially in the field of microfinance. For him, financial education is a “vital tool for escaping the poverty trap.”
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?
Olivier Guersent, the European Union’s Director-General for Financial Stability, Financial Services, and Capital Markets claims individual investors would rather put their money into sustainable development projects, but they need the right skills. Financial education is a part of this empowerment.
Last February, BBVA released its strategy to fight climate change and promote sustainable development, Pledge 2025. However, the bank’s commitment to green and social finance is not new. In fact, it is one of the most renowned institutions for its sustainable product capabilities.
Not long ago, in Colombia, nearly half the population lived in poverty. In rural areas, the overwhelming majority. Ten years ago, the BBVA Microfinance Foundation made a commitment to change this reality by creating the country’s first microfinance bank, Bancamía, in collaboration with two non-governmental organizations (NGOs) – ‘Corporación Mundial de la Mujer Colombia’ and ‘Corporación Mundial de la Mujer Medellín’.