After last week’s climate summit in New York, there is still a lot of uncertainty around the feasibility of fulfilling either the 2030 Sustainable Development Agenda goals or hitting the 2050 carbon neutrality target. In an article written by BBVA Research’s Arturo Fraile, the economist warns that “time is running out, and progress must be made” because positive results are still on the distant horizon. In his opinion, financial regulation and supervision will be key to this unavoidable transition.
On September 22, the Principles for Responsible Banking were signed during the United Nations General Assembly in New York. These principles were conceived a year ago in Paris thanks to the initiative of 28 financial institutions working together under the framework of the United Nations Environment Programme – Finance Initiative (UNEP FI). BBVA was one of the founding banks. To date, 130 CEOs from financial organizations around the world have signed the principles.
“The financial sector’s Collective Commitment for Climate Action is an important step toward working as a true global coalition. It is the industry’s most ambitious commitment to the climate,” explained Antoni Ballabriga, the Global Head of Responsible Business at BBVA, during his presentation at one of the round table discussions taking place in parallel to the climate conference held in New York this week.
Group-dynamic games are techniques used to improve coordination levels within a team, as well as to build its members’ problem solving and decision making skills.
Sustainability has dominated the headlines around the world for decades, and is only picking up speed. From achieving a sustainable future by local initiatives to campaigns by larger entities here in the U.S. and across the globe.
New technologies are catalysts for change, but the full benefits will only be available to those with a good financial and digital education. Verónica López Sabater, director at the International Financial Analysts Foundation (AFI) champions digital technologies as a means to facilitate financial inclusion and as a source of opportunities for all.
In commemoration of the fourth anniversary of the approval of the 2030 Agenda, with its 17 Sustainable Development Goals (SDGs), BBVA is joining the #Act4SDGs to help disseminate these United Nations goals. It is doing so in collaboration with the Spanish Global Compact Network, the largest global network on sustainability and corporate responsibility, which BBVA joined in 2002.
Generali has just issued, together with BBVA and seven other banks, its first green bond amounting to 750 million euros. This is the first bond from a European insurance company and the largest to date. BBVA acted as deal manager and joint bookrunner.
BBVA USA today became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals.
BBVA is one of the signatories of the Collective Commitment to Climate Action that, under the auspices of the United Nations, 31 international financial institutions have promoted to ensure the alignment of their products and services to the fight against the climate emergency.