Sustainability
Sustainability
The aviation industry consumes 380 billion liters of fuel every year, or three percent of global CO2 emissions. Sustainable aviation fuels (SAF) are the most advanced cleantech alternative to decarbonize this industry, with innovations such as those of the startup Twelve, which have managed to reduce emissions by up to 90 percent compared to traditional fuels.
BBVA channeled €99 billion in sustainable business in 2024, setting a new annual record for the Group. BBVA reached this target of €300 billion in the 2018-2025 period one year earlier than planned.
Three micro-entrepreneurs running small cocoa farming businesses were the stars of ‘Seeds for a sustainable future’, an event organized by the BBVA Microfinance Foundation under the presidency of Queen Letizia of Spain. The Queen, who underlined the Foundation’s invaluable work in supporting the progress of millions of people, was accompanied by BBVA Chair Carlos Torres Vila and by renowned pastry chef Jordi Roca.
Ken Follett is a well-known British writer, famous for his suspense and historical novels. He is great at creating complex plots and memorable characters. His career began to grow with Eye of the Needle in 1978. Later, The Pillars of the Earth in 1989 made him an international star. This book became a modern classic.
BBVA’s Turkish franchise secured its highest-ever score of 85 in the 2024 S&P Global Corporate Sustainability Assessment (CSA), leading Türkiye’s banking sector once again. The bank also ranked 15th globally among 668 financial institutions assessed, further cementing its position as a leader in sustainability. S&P Global-CSA is one of the most respected platforms for evaluating corporate sustainability, providing a benchmark for international investors. The assessment covers areas such as business ethics, governance, risk management, climate action, transparency, and human rights.
By 2030, clean technologies, or ‘cleantech’ will mobilize over €150 billion of investment and create 2.65 million new jobs in the Iberian Peninsula, according to ‘Cleantech for Iberia’. These are some of the projections of the potential growth included in the new monographic study on sustainability published by BBVA, in this edition dedicated to clean technologies.