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Sustainability and Responsible Banking

Sustainability and Responsible Banking

Veerabhadran Ramanathan has been distinguished with the BBVA Foundation Frontiers of Knowledge Award in the category of Climate Change for his discovery of non-CO2 greenhouse gases and pollutants resulting from human activity that have a tremendous impact on the Earth’s climate. Acting to prevent emissions of these gases is feasible and would yield short-term results, contributing to the fight against global warming.

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.

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.