The banking industry is taking another step towards laying the groundwork to tackle the climate change threat with a new set of tools. The groundbreaking methodologies published today, aimed at helping the banking sector understand and manage the adverse effects and the opportunities of climate change in their loan portfolio. The methodologies are the result of a joint effort by sixteen leading global banking institutions – including BBVA – and Acclimatise, a UK-based climate change advisory.
The BBVA Center for Financial Education and Capability has selected the winning projects in its first Call for Expressions of Interest (EOI). The projects stand out because of their innovative nature and offer solutions to the challenges of financial education on a global level.
BBVA Momentum 2018, BBVA’s social entrepreneurship supporting program has concluded the final list with the names of the 76 social companies invited to take part in this year’s edition.
BBVA CEO Carlos Torres Vila got a first-hand glimpse into the level of progress that the BBVA Microfinance Foundation’s digital strategy is enabling. Bancamía, the Foundation’s lending arm in the country, is managing to reach more and more customers who, until recently, had struggled to access financing as a result of the digital divide. BBVA’s CEO learned about two of the entrepreneurs backed by the institution and how microcredits have afforded them new opportunities to pursue a brighter future.
On February 28, BBVA unveiled its climate change and sustainable development strategy ‘Pledge 2025’. A cornerstone of this pledge is the sector norms which enable the bank to address specific matters of sustainability with particular environmental and social impact (mining, energy, infrastructure and agribusiness) and provide clear guidance on the procedures to follow in the management of clients and transactions in these sectors. These rules embody the Commitment to Human Rights that BBVA took on board in 2008 and which has recently been updated.
BBVA Compass has selected 16 social entrepreneurs from across the country to participate in its BBVA Momentum accelerator program, designed to help participants enhance their operations to impact the lives of more people.
BBVA is committed to providing the best solutions for its customers, profitable and sustained growth for its shareholders, and to collaborating in the progress of communities where it operates. The aim is to make reality the Group’s vision, which can be summed up with the idea of working for a better future for people.
BBVA has joined RE100, a collaborative, global initiative uniting the world’s most influential businesses committed to sourcing 100% of their power consumption from renewable sources before 2050. In doing so, businesses convey a powerful message to policymakers and investors: We need to expedite the transition towards a zero-emissions economy.
Having a good financial health means having both enough money to cover expenses and savings to face unexpected future events. To know how to analyze it, the Center for Financial Services Innovation (CFSI) has identified, in a study published in the Center for Education and Financial Capabilities of BBVA, eight indicators that measure the state of people’s financial health.