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Sustainability and Responsible Banking

Sustainability and Responsible Banking

If the transition to sustainable finance is to be possible, society needs a committed business community that is aware of the environmental challenges, knows how to take advantage of the opportunities provided by green financial solutions and participates actively in the debate.  This was one of the main conclusions to emerge from the recent breakfast meeting “Sustainable Finance: solutions for a green economy”, organized by Grupo Español para el Crecimiento Verde (the Spanish Green Growth Group) and BBVA, which took place in the Bank’s headquarters.

The European Commission has published its Action Plan to boost the contribution of the financial industry to the aim of achieving a more sustainable global economy. The Plan is in line with BBVA’s 2025 Commitment, the Bank’s strategy on climate change and sustainability, which involves the mobilization of €100 billion over the next eight years to promote the transition toward a low-carbon economy and the sustainable development.

Switzerland is currently the world’s largest private banking center, accounting for 25% of the global market. The country has a deep-rooted wealth management tradition, offering the perfect combination of experience, precision and a strong work ethic within a highly unstable geopolitical environment.

Diana Mejía, EduFin, BBVA

Diana Mejía, a senior specialist in productive and financial development at CAF-Development Bank of Latin America and member of BBVA EduFin Advisory Council, is an expert in measuring the financial capabilities of people in Latin America. The results obtained  in the last CAF financial education surveys found a gap between the financial products offered and the needs of the population, especially in terms of savings.