Sustainability
Sustainability
The bank celebrates the third edition of Diversity Days, an internal event to promote diversity, inclusion and equality in the workforce through activities, conferences and events throughout the week. As part of Diversity Days, the bank informed its workforce about its Diversity Guidelines, a general guide for action that makes respect for differences, and thus for diversity, a fundamental pillar of the company’s strategy.
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.
The BBVA Microfinance Foundation (BBVAMF) is the first private institution in the world to implement Oxford University's Multidimensional Poverty Index to analyze the condition of the 2.8 million people it supports in five Latin American countries. This indicator gives a better understanding of the gaps in education, health and housing faced by these entrepreneurs' households and enables designing value propositions to improve their living standards.
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 takes another step toward gender equality, setting a target for 35 percent of its management positions to be held by women by 2024. At the end of last year, this figure stood at 31.4 percent. This measure adds to a series of initiatives that are contributing to increasing the number of women in positions of responsibility.
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.