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Sustainability and Responsible Banking

Sustainability and Responsible Banking

Iberdrola, Repsol and BlackRock representatives debated today about the need to integrate climate change into their strategies, speaking at the ‘BBVA Sustainable Finance Forum’ event, held today at BBVA’s headquarters in Madrid. The main takeaways were two: An actual commitment to sustainability is an opportunity, not a threat; and, more and more, investors demand companies to include sustainable criteria in their strategies.

This Wednesday BBVA will hold the BBVA Sustainable Finance Forum, bringing together investors, businesspeople, institutional representatives, and sustainable finance experts with the aim to boost the finance industry’s role in sustainable development and the fight against climate change. Taking place at BBVA's headquarters in Madrid, the forum will be inaugurated by the Francisco González, Group Executive Chairman of BBVA, and Spain's Vice President, Soraya Sáenz de Santamaría.

Taking action against climate change and promoting sustainable development is not a fight to save the planet; it’s a fight for the human race. Olivier Guersent, Director-General at the European Commission asserted himself emphatically at the “Financing Sustainable Growth” conference held on March 22nd in Brussels with influential figures such as Emmanuel Macron, Michael Bloomberg, and Jean-Claude Juncker.

BBVA allocated 103 million euros in 2017 to social initiatives on a global level. BBVA continued to reinforce the main pillars of action of its Community Investment Plan for the period 2016-2018: financial education, social entrepreneurship and knowledge. The graphic shows the main actions undertaken in these areas: