The planet needs all of us. Helping it with a one-hour blackout is something that means very little to each of us, but it is very important to the place where we live — and not just symbolically. For the 12th year since Earth Hour was first launched in 2007 by World Wildlife Fund (WWF, the large independent organization dedicated to the conservation of nature) in 2007, the biggest capitals in the world will turn off their lights to fight climate change.
Sustainability and Responsible Banking
Sustainability and Responsible Banking
During March, millions of children and young people will learn how to manage their finances so they can take their economic well-being into their own hands and tap into better opportunities. How does it work? Through initiatives – activities and teaching materials – that have been kicked off for another year by campaigns promoted by Global Money Week (March 25-31) and European Money Week (March 25-29).
In February 2019, BBVA Compass announced that the Federal Reserve Bank of Atlanta rated it “Outstanding” for CRA performance for its most recent examination period. This three-part series will take a detailed look at the key efforts behind that rating in lending, investment and community giving.
BBVA recently structured the first sustainable loan in RCF format in Spain’s hotel industry. The €65 million credit line with Meliá Hotels International is an example of the Balearic group’s commitment to the fight against climate change.
CSR Europe and PWC have recognized BBVA for its transparency and best practices in tax issues. At an event in Brussels, this European corporate social responsibility network and the global consulting firm presented a report on the best corporate practices for tax matters. In a world where companies are expected to have a sustainable business in every respect, BBVA was one of the large global companies to present its best practices at the event.
In 2016 Garanti Bank teamed up with Bahçeşehir University to launch ‘Code the Future with Garanti’, an educational program designed to make a positive impact on local communities by preparing children for the digital age. Entering its fourth year, the program will hold a series of workshops in seven cities across Turkey. Its first stop: Istanbul.
Earning an outstanding rating for CRA performance is a rare accomplishment -- fewer than 10 percent of banks earn that rating. For BBVA Compass, it’s a clear reflection of the cultural shift that’s taken place within the organization over the past three years.
BBVA Compass launched its full financial education program for 2019 last week, on the heels of a successful four-month pilot program which wrapped in December, aiming to reach approximately 7,000 more people during its first full year in existence.
Rut Pelaiza has spent her entire life as an example: for her parents, for her daughters, and since five years ago, for the thousands of women in the Palabra de Mujer [Woman’s Word] program run by the Peruvian institution of the BBVA Microfinance Foundation. She recalls that she always wanted to be independent and with pride, shares how she managed to achieve this goal when she grew up.
According to the World Economic Forum, 65 percent of children who enroll in primary school today will have jobs that don't currently exist. This is why on January 25, twenty large corporations announced their commitment to team up through 2022 with the goal of helping young people develop the skills that will make them more employable. BBVA is among the companies that have signed up to this cause, committing to reach 500,000 young people with its various training programs. The initiative is the Global Alliance for YOUth. Lidia del Pozo, BBVA’s Director of Community Investment Programs, delves into some of the key aspects of this initiative.