“According to United Nations estimates, meeting the Sustainable Development Goals will require mobilizing $5 to 7 billion per year. This explains the enormous scale of the changes that we need to address,” explained BBVA Global Head of Responsible Business Antoni Ballabriga, during speaking at the Open Summit event in Madrid. Ballabriga underlined the key role that financial institutions are called to play in a context “where sustainability is the biggest business opportunity for banks in the next 10 years”.
Sustainability and Responsible Banking
Sustainability and Responsible Banking
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.
BBVA and its community investment program has once again been recognized as a world leader in corporate social responsibility, according to the latest edition of ‘Giving in Numbers’ released by Chief Executives for Corporate Purpose (CECP). BBVA appears in the upper quartile — among the 25 percent most prominent companies in the world — out of the 250 surveyed, thus sealing its position in community investment and social commitment. Specifically, in 2018 BBVA allocated more than €104 million to social programs benefiting eight million people.
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.”