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Responsible Banking

Responsible Banking

evento_CSR_Europe_PWC_bbva_recurso

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.

Two young friends on a surfing trip to Bali, shocked by the heaps of plastic they found washed up on the beach, returned to the United States with an entrepreneurial vision to clean the ocean. Their company, 4Ocean, promises to remove one pound of trash from oceans and coastlines with the sale of every one of its $20 bracelets, which are made from recycled plastic and glass bottles. In roughly two years, the venture, which now employs more than 150 people around the planet, reports that it has recovered over 4 million pounds of trash.

BBVA has released its updated financing policy addressing sectors that have a serious environmental or social impact. The main change to the policy is the inclusion of more limits and a tightening of restrictions for the mining, energy, infrastructure, and agribusiness sectors. In addition, the updated policy provides clear guidance on the management of clients and business activities related to these industries. The transportation of tar sands has been explicitly added to list of prohibited activities.

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.