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Sustainability

Sustainability

The Garanti BBVA-sponsored fire prevention partnership dubbed ‘Türkiye's Life: Fire Management Grant Program’ and headed by WWF Türkiye has successfully completed three new projects. One initiative, managed by Natura, focused on protecting caracal populations; another developed an eco-kit to leverage local knowledge and practices for preventing and fighting forest fires in the Köyceğiz-Gökova area; while the third project implemented fire-resilient production models.

BBVA Chair Carlos Torres Vila, together with more than 110 Chairs and CEOs of large global companies, has joined a new declaration encouraging global leaders and the participants of the United Nations Climate Change Conference in Baku (COP29) to “double down on climate action.”  This letter from the Alliance of CEO Climate Leaders, promoted by the World Economic Forum (WEF), calls on governments and companies to join forces and address challenges because “every fraction of a degree counts” in the race to net zero emissions by 2050.

BBVA and leading global investment firm KKR have formed a new strategic partnership to support the decarbonization of the economy. As part of the strategic partnership, BBVA has committed $200M (€187 million¹) to KKR´s Global Climate Strategy, which invests in solutions at scale to support the transition to a low-carbon economy. Both companies made the announcement during Climate Week, which is being held in New York this week.

 

Header photo, from left to right: Emmanuel Lagarrigue, Partner, Global Co-Head of Climate at KKR; Javier Rodríguez Soler, Global Head of Sustainability and Corporate & Investment Banking (CIB) at BBVA; Regina Gil, Head of CIB USA BBVA; Charlie Gailliot, Partner, Global Co-Head of Climate at KKR; Antonio Bravo, Global Head of Sustainability & CIB Strategy and Corporate Clients Coverage at BBVA.

Cleantech, or new clean technologies, are all those technologies that will allow us, or at least should allow us, to achieve the EU’s overarching goal of becoming net zero in emissions by 2050. They are innovative solutions, in many cases disruptive and predicated on innovation and technology. Many of them are still in an embryonic stage. Other more mature proposals need funding to grow and, above all, to make them profitable and scalable for industrial applications.

We’re here to talk about all this with Alberto Toril Castro, energy sector manager at Breakthrough Energy, a platform featuring various climate funds and founded by Bill Gates. As an advocate of affordable green energy, he firmly believes that “electrification is the future of the economy.” He calls for more public-private partnerships in the cleantech ecosystem and proclaims that “financial institutions play a key role when it comes to decarbonization.”