Sustainability
Sustainability
ESG criteria refer to environmental, social and corporate governance factors that are taken into account when investing in a company. Although their origin dates back several decades, they have become a reference for socially responsible investing in recent years.
BBVA became carbon neutral in direct CO2 emissions in 2020. The Group managed to meet this goal by offsetting its entire carbon footprint through carbon mitigation projects, which also benefited the local communities where they are developed. The bank offset 120,562 tons of CO2e during the year through seven projects developed in different countries across its footprint. This achievement represents another step towards in its push to align its activity with the Paris Agreement and reduce direct and indirect emissions.
As part of its commitment to sustainability, BBVA has become the first institution in Argentina to launch recycled plastic cards, 85.5 percent made of PVC (polyvinyl chloride), produced from recycled plastic.
Both organizations have announced a global collaboration agreement to promote equality among girls and young people with a focus on female role-models. "We are convinced that we can curb the impact of gender stereotypes in a simple and effective way, by teaching girls about successful women that can help them become aware of all the opportunities within their reach", said BBVA global head of Talent and Culture Carlos Casas.
The bank has produced a manual entitled ‘Normalizing Differences’ that aims to provide employees across the company a basic knowledge about LGBTIQ+ diversity, most especially executives and people managers who are involved in the selection process or decision-making about employee professional development and trajectory. The document, put together with input from hundreds of employees who agreed to be interviewed for the initiative, identifies challenges and specific needs people belonging to this group may face.
The appropriate design of a product can help reduce its environmental impact and make it last longer. More and more companies are turning to materials that are more durable and easier to recycle. One of the key aspects of product creation is predicting the possible repairs owner may have to make.