Sustainability and Responsible Banking
Sustainability and Responsible Banking
Garanti BBVA’s management team received first place in the 2019 Corporate Management Awards presented by the Turkish Union of Corporate Management (TKYD).
CDP, the world's leading environmental information platform, celebrates a decade in Turkey. Garanti BBVA is one of the platform’s key partners in the country. The organization recently held the 'Turkish CDP Climate Leadership' award conference to recognize the environmental efforts of the country’s businesses.
The King and Queen of Spain held two meetings with entrepreneurs. Arancha Martínez, the founder of Itwillbe.org, and Pablo Santaeufemia, the founder of Bridge for Billions also participated in the meetings. Both participated in the 2017 edition of BBVA Momentum, BBVA’s program in support of social entrepreneurship. The meetings addressed the social and economic challenges that lie ahead, and the solutions entrepreneurs are proposing to overcome them.
Ebru Dildar Edin, Executive Vice President of Corporate and Investment Banking at Garanti BBVA participated in the seminar ‘The Changing Future of Work,’ where she emphasized the role sustainability will play in establishing a new, improved normal.
BBVA has now earmarked the €35 million donation it committed to support COVID-19 relief. The lion's share of the funds (81 percent) were allocated to defend against the virus’ initial hit in medical centers and hospitals.
BBVA is the only Spanish bank to have signed a declaration calling for the need to include investing in renewable energy in the economic reconstruction plan proposed by the European Commission. It is one of the private sector’s latest calls to action to governments that are “committed to a green recovery, once the worst of the COVID-19 crisis is over.”
BBVA’s Turkish unit is on the frontlines in the fight against the coronavirus pandemic. Emergency field hospitals in Sancaktepe and at the Atatürk airport have received locally manufactured medical equipment.
When the Paycheck Protection Program launched in early-April, BBVA USA employees knew there was going to be an influx of applications for small businesses struggling during the ongoing pandemic.
BBVA invested 77.6 million euros in knowledge, education and culture activities in 2019, about 68 percent of the Group’s social investments. These initiatives, carried out as part of BBVA’s Community Investment Plan, benefitted 7.2 million people.
Garanti BBVA has rolled over the syndicated loan it received from international markets under the framework of the foreign borrowing program and signed loan agreements totalling approximately $700 million. Both the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) participated in the deal.