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Sustainability and Responsible Banking

Sustainability and Responsible Banking

Javier M. Flores, CEO of the BBVA Microfinance Foundation, renewed the foundation's commitment with the Sustainable Development Goals Fund until 2019. During the session held at the headquarters of United Nations, the SDG Fund also presented the report “Universality and the SDGs: A Business Perspective”. This publication examines some of the key issues facing companies when incorporating and implementing the SDGs within their core strategy.

The Higgs boson made the Large Hadron Collider and CERN world famous. However, the European Organization for Nuclear Research also conducts many other experiments that are less well known. Two of them  – Neutron Time of Flight (n_TOF) and ISOLDE – are focused on nuclear physics and their findings could be used to treat cancer or produce safer and cleaner nuclear energy, for example.

18% of consumers are unable to rate the social commitment of companies due to a lack of awareness of the policies and actions that they develop. However, when asked to rate companies based on their performance other fields (products/services, leadership, innovation, etc), this percentage drops by 50%. This is one of the key takeaways of the 2016 CSR RepTrak® 100 report, recently released by consulting firm Reputation Institute within the framework of a webinar, in which BBVA also participated.

BBVA Foundation’s Biodiversity Conservation Awards recognize each year a number of activities based on scientific knowledge of nature. Each year, the winners show that good results can be obtained that have a lasting effect on the environment. This edition’s winners are engaged in activities as diverse as the rehabilitation of Spanish fauna, land conservation or recording a sound archive of nature.

As a result of the integral transformation process kicked off in 2016, BBVA Bancomer established a scheme to implement a strategy based on the new concept of “Responsible Business” as the focal point of its social responsibility actions. The strategy is built on three cornerstones in first place, social actions aimed at fostering education and which are carried out through the BBVA Bancomer Foundation; the second, financial education; and third the promotion of entrepreneurship, primarily with a societal focus.