BBVA Chair Carlos Torres Vila today announced that the bank will increase its sustainable finance target by 50 percent. “Sustainability is a business opportunity,” because the amount of investment required is huge ($275 trillion through 2025), he said at the Institute for International Finance (IIF) annual meeting in Washington, DC.  In this sense, he added that the bank has been channeling sustainable financing “at a really fast pace”, which prompted the bank to surpasse in June 2022 the initial goal set for 2025. For that reason, “today I can announce that we’re now upping the ante again to €300 billion for the period 2018-2025,” he said.

BBVA invests 10 million euros in the world's largest clean hydrogen infrastructure fund financing the whole hydrogen value chain scale up. This is a strategic investment for BBVA, as hydrogen is shaping up to be a possible solution to decarbonize the most emission-intensive sectors of the economy.

A recent report by Deloitte and the European Banking Federation (EBF) explains the role of the Chief Sustainability Officer (CSO) in a company, the qualities they should have and what the purpose and future of their work is. 

BBVA and US venture capital firm Fifth Wall, are joining forces to invest in technologies that address climate change in the real estate and construction industries, which make up 40% of the global total carbon dioxide emissions.Through Fifth Wall’s Climate Fund, BBVA will invest in companies seeking decarbonization solutions that address the entire lifecycle of buildings.

The pandemic proved to be the turning-point for her to take the most important step of her life. Not without fear, Alicia García began a gender transition process to "not have to hide my identity and be able to be myself." This was a personal journey with an impact on her work environment. Although a lot less than expected.

Sustainability is a key strategic priority for BBVA, which views the energy transition as an opportunity to move forward and grow. For this reason, it supports its clients and offers advisory and financing services with the aim of contributing to the decarbonization of the economy and generating new business opportunities. Climate, natural capital and inclusive growth are the three pillars underpinning a strategy to build a brighter future starting now, with a new sustainable business mobilization target of €700 billion by 2029.