BBVA often is quoted as saying that the future of finance is financing the future – in part, this means that the bank believes that financial institutions play a key role in the transition to a more sustainable economy.
BBVA has mobilized €29,90 billion since it rolled out its Pledge 2025 initiative two years ago to contribute to the fight against climate change. It is almost one third of the €100 billion that the pledge envisages. The 2019 figure includes transactions in green financing (63 percent of the total); financial inclusion and entrepreneurship (13 percent); social infrastructures and agroindustry (9 percent) and other sustainable finance (15 percent).
BBVA’s Turkish franchise announced its decision to turn to renewables to power its corporate buildings, subsidiaries and branches.
The 2019 edition of BBVA Momentum in Mexico has accelerated the growth of 100 social enterprises. The three companies that stood out for their potential growth and innovation will go to Madrid on March 3rd to participate in the global event ending this 2019 edition.
The repercussions of climate change and the ensuing environmental commitment made by governments, the business community, and society as a whole have produced an onslaught of various terms that amount to a full glossary bound by sustainability. Carbon footprint is one of these terms.
The three 2019 BBVA Momentum winning social enterprises in the United States will attend the global event marking the close of this iteration of the program (to be held in Madrid on March 3rd) where they will share the full force of their business models. The three companies will participate in the premier social entrepreneurial event showcasing their initiatives, which seek to foster diversity, education, and access to healthcare in the communities they serve.
The Atlantic Council in Turkey and the European Bank for Reconstruction and Development (EBRD) recently held the ‘Renewable Energy Outlook Conference: Financing, Investment, Regulation, and New Technologies in Turkey, Central Asia, the Caucasus and the Western Balkans’.
BBVA Momentum ends its 2019 program with the celebration of a global event in Madrid. International players in the sector and the three most promising entrepreneurs from each participating country will attend the event. The event will close the most ambitious year for the program, which accelerated the growth of 169 social businesses from Colombia, the United States, Mexico, and Turkey.
What impact does financial literacy have on women’s empowerment? Is it possible to curtail gender violence rates through financial education? These are just some of the issues addressed by one of the wining papers of BBVA Edufin Research Grants, organized by the Center for Education and Financial Capabilities.
BBVA increased its 2019 contribution to the communities it serves, allocating €113.8 million to social initiatives, thus benefiting 11.5 million people around the world, up 42 percent from the previous year. Of this investment, 85 percent is earmarked to the three areas defined as priorities in the Community Investment Plan: financial education; social entrepreneurship; and knowledge, education and culture.