More than 2,600 BBVA USA employees participated in the bank’s annual Week of Service during the week of Oct. 7. Employees across the bank's footprint participated in 227 events, including Habitat for Humanity projects, food bank initiatives, community clean up efforts, and financial education workshops for individuals and small businesses. Their efforts generated more than 8,000 volunteer hours across the bank’s footprint.
Sustainability and Responsible Banking
Sustainability and Responsible Banking
With earnings season in the banking sector underway, it may be the right time to take a look at some of the most commonly used, but more frequently misunderstood, financial terms. One of these terms is the expression 'positive jaws,' which has been used, for example, by BBVA CEO Onur Genç during the quarterly results presentations.
A poll by the international coworking and entrepreneurship network Impact Hub, which was conducted among the 16,500 professionals who work in its spaces, revealed what social entrepreneurs value the most when it comes to working with a community and how it helps them to promote their businesses.
BBVA USA announced today that John Chan has been promoted to Director of the bank’s Community Development Capital team, where he will have overall responsibility for the origination and portfolio management of the bank’s Low Income Housing Tax Credit (LIHTC) projects across its footprint.
The consequences of climate change are already so obvious, it is hard to deny the extreme situation the planet is facing a climate emergency situation. The growing number of natural disasters, outbreaks of forest fires, and the extinction of hundreds of species are some of the most alarming indications of a phenomenon that threatens the survival of the planet and with it, the human species.
Between January 2016 and December 2018, BBVA Group reduced its energy consumption by 7 percent per employee. This savings reaffirms the bank’s commitment to sustainability. By December 2018, the Group had hit its targets of having 35 percent of the energy it consumes coming from renewable sources and reducing its CO2 output by 27 percent compared to 2016. October 21 marks World Energy Savings Day and intends to raise awareness about energy efficiency and the need for responsible and sustainable guidelines governing the consumption of the planet’s resources.
Social entrepreneurship competitions are platforms that can give a leg up to entrepreneurs with a business idea and the hunger to grow. Of the competitions taking place in the upcoming months, there are some that are internationally renowned, standing out thanks to the prestige they have accrued over the years.
Garanti BBVA joined 129 other banks from around the world in signing the United Nations Environment Program Finance Initiative (UNEP FI) Principles for Responsible Banking at the UN General Assembly in New York. The participating banks represent over $47 trillion in total assets. By signing these principles, Garanti BBVA and five other Turkish banks - ING, the Investment and Development Bank, Şekerbank, TSKB and Yapı Kredi - formalized their commitment to leading the way for sustainability in the country.
Angélica Valbuen lives in Cundinamarca, Colombia. She is 39 years old, works in the fields. A situation that destines them to financial exclusion if it were not for the work of institutions like the BBVA Microfinance Foundation, which helps over 150,000 women in rural areas of Latin America.
BBVA completed its agenda of activities to commemorate “Financial Education Week”, held from October 7 to 11, taking part in the event `Financial Health in Spain : How to Improve It’, organized by Nantik Lum Foundation and JP Morgan. Speaking at the event, Lidia del Pozo, Director of Community Investment Programs BBVA, explained how BBVA's strategy has evolved in the field of financial education, noting its profound relationship with financial health and emphasizing “the more than 13 million people have received financial education through BBVA since 2008.” and that “today, BBVA develops these programs across all population segments, primarily through digital channels.”