Storing electricity to use up to eight days later - electricity that comes from renewable sources. This is the milestone being marked by Malta, the U.S. company dedicated to clean technologies. Its Managing Director in Spain, Michael Geyer, sees the Iberian Peninsula as a strategic region to deploy these new technologies, or ‘cleantech’. “The Iberian Peninsula is in a privileged position to host innovative solutions for energy storage based on cleantech,” he explained in an interview with bbva.com.
Sustainability
Sustainability
BBVA has earned a rating of EE (“strong compliance”), making it the highest-rated bank in Spain and tied for second place worldwide with other entities, according to the latest update of the Standard Ethics Rating (SER). This assessment covers the ESG scores of Europe's 40 largest banks by market capitalization.
Clean technologies, also known as 'cleantech', are technologies that contribute to sustainability and care for the environment. This includes emissions reduction, biodiversity protection and water treatment.
The Iberian Peninsula is on the cutting edge of Europe’s cleantech revolution. It is believed that the industry will create some 2.65 million new jobs and mobilize €150 billion in investment across the region by 2030. These impressive figures are revealed in a new report headed up by BBVA and Cleantech for Iberia, a coalition set up to drive the potential of Spain and Portugal as a clean energy hub in the European Union.
Six young students from Colombia and Peru, the children of vulnerable entrepreneurs served by the BBVA Microfinance Foundation, met with the Queen of Spain after winning the college scholarships granted by the foundation and BBVA in Colombia. These scholarships cover tuition and academic costs for the young students until they finish their studies. It is an opportunity for them to have a better future for themselves and their families.
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In episode number 20 of BBVAGreenfluencers, we travel to Italy to the central train station of Rome, the largest in Italy.Our colleague Claudia Modesti, Head of Financial Institutions Group Coverage and Public Sector Italy at BBVA, shares a conversation with Vittoria Iezzi, Head of Debt Capital Markets of the Ferrovie dello Stato Italiane Group, to discover how the institution strives to create an ecosystem of sustainable mobility and integrated logistics that can have interconnected and resilient infrastructures.
Javier Rodríguez Soler has been heading up BBVA’s global Sustainability area since 2021 and in July 2023 he was also named global head of Corporate & Investment Banking (CIB), the wholesale banking area that serves the biggest clients (corporations, institutions, and the like). Combining growth and sustainability is one of its mantras. According to Javier, it is possible to grow and decarbonize at the same time, and BBVA is living proof of this. More precisely, he believes that “sectoral specialization is key to successfully managing decarbonization while supporting our clients.”
Action and Investment ODS Plan
Banks, key enablers of the energy transition and in reducing social divides
At the 2nd BBVA Mexico Sustainability Summit recently held in Mexico City, all the companies participating in the event were urged to press ahead with their energy transition processes. The participants agreed that banks are the key enablers in this process through the funding and expert advice they provide, allowing businesses to transition toward an emission-free economy that embraces all industries and segments of society.
BBVA Chair Carlos Torres Vila stated that in the fight against climate change, "Mexico is at an advantage as it is one of the countries with the most potential in the world in wind and solar power." He also emphasized the Group's commitment to the country's energy transition. “We must do more to support emerging markets. They have the most natural resources and are therefore a key part of the solution," he proclaimed at the opening of the 2nd BBVA Mexico Sustainability Summit held in Mexico City.
What if, instead of throwing them in the trash, we transform leftovers of meat, fish, vegetables, and many other foods into tasty bites? Croquettes, arepas, and tacu-tacu are the most well-known options, but there are other recipes that expand the flavors and textures in zero-waste cuisine.