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Sustainability and Responsible Banking

Sustainability and Responsible Banking

The 'millenials' are defying all the stereotypes: they are more careful with their savings and more cautious with their finances than most people might think.  The latest studies show that young people between the ages of 18 and 35 are concerned about the future, in spite of the obstacles they face in the present.

BBVA Compass is putting out the call to social entrepreneurs in Texas who are eager to scale up so that they can have greater impact on people’s lives. The bank will select up to 20 to participate in BBVA Momentum, an intensive seven-month training program for entrepreneurs who want to change the world through their work.

The submission period for the sixth edition of BBVA Momentum, BBVA’s social entrepreneurship program, expired last Friday, March 31st. The number of companies that have registered has exceeded all expectations. Given this great response, the organizers have decided to push back deadline until April 16.

No matter how good an idea or wonderfully designed a project are, without relying on the right collaborators, mentors and entrepreneurs, success is likely to remain elusive for entrepreneurs. Five years ago, Momentum started nurturing an ecosystem that has continued to grow ever since, bringing participants together and promoting collaboration and synergies.

Knowing how to manage money and financial tools is essential for the well-being of individuals and society as a whole. In response to this need, BBVA is offering financial education programs for people of all ages and backgrounds.

There has been an increasing focus on sustainable finance and on the impact of the climate change for the financial stability since 2015 year. Having said that, sustainable finance and the analysis of the consequences of climate change for the financial system are still in a very nascent stage and there is still a lot of work to be done. Two leading projects that are a step in the right direction are those of the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD) Recommendations -at global level- and the creation of a European Expert Group on sustainable finance -in the EU.