In order to bring relevant solutions to investors in solar energy projects, Garanti BBVA Leasing announced the signing of a partnership agreement with Elseroof Enerji and Heran Enerji, two leading companies in this sector.

The Business Monitor of Corporate Reputation (MERCO) recognized BBVA Mexico for fourth year running as the country’s most reputable bank. The lender also took sixth place in the overall ranking of companies. In addition, BBVA Mexico vice president and CEO Eduardo Osuna Osuna took sixth in the list of ‘Mexico’s 100 Most Reputable Executives’ published by the same consultancy.

The bank — which has committed to securing €100 billion in sustainable financing between 2018 and 2025 as part of its contribution in the fight against climate change — reached 40 percent of its sustainable financing target in June 2020. This figure includes transactions in green and social financing (62 percent of the total), social entrepreneurism and financial inclusion (13 percent), sustainable infrastructure and agribusiness (11 percent), and other sustainable sources (14 percent).

– INFOGRAPHIC: Here you can see the breakdown of the BBVA Commitment 2025

BBVA reached €50.2 billion in sustainable financing at the end of December 2020. This means it has achieved half of its sustainable financing objective foreseen for the 2018-2025 period (€100 billion), one year ahead of schedule. The growth rate in the financing of this type of BBVA sustainable operation is 33 percent more than planned.

Euromoney has named Garanti BBVA ‘Best Bank in Central and Western Europe in Sustainable Finance’. The bank is a known leader in sustainable development thanks to its innovative practices.

Within the framework of its Global Eco-efficiency Plan 2016-2020, BBVA recently signed an agreement in Argentina to buy electricity from wind farms, a clean source of electricity that uses wind turbines to transform wind energy into electric power.

CW Enerji, Europe’s largest solar power system manufacturer, has signed an agreement with Garanti BBVA Leasing, one of the industry’s leading leasing companies. As part of the framework agreement, tailored financial support will be offered to clients for the installation of solar-powered electric energy stations.

BBVA keeps making strides in its sustainability commitment. The bank, in coordination with Caixabank, has signed the first ever sustainable loan with a pharmaceutical company in Spain. The scheme is divided into three tranches: a long-term loan, a revolving line and a credit line for acquisitions, subject to a six-year maturity term.

Vestel Şirketler, a part of the Zorlu Group, is making progress in its sustainability strategy with Turkey’s first issuance of a green bond in Turkish Lira. With the issuance, the Group moves closer to fulfilling its strategy as integrated in its Smart Life 2030 initiative (Akıllı Hayat 2030).

Many institutions and world players have spearheaded initiatives that are pursuing a common goal: to emerge from the coronavirus crisis with a sustainable and green recovery. Manifestos, letters, commitments, institutional statements, and calls to action have proliferated as the impacts of the crisis have worsened. Many of these initiatives are supported by the European Union; its leaders have approved a historic agreement to address the deep recession caused by COVID-19. It’s the era of green partnerships, and BBVA is an active participant.