Sustainability
Sustainability
BBVA has channeled 150 billion euros in sustainable business from 2018 to March 2023, half of the €300 billion target set for the 2018-2025 period. Nearly 14 billion euros was mobilized in the year's first quarter, an increase of almost 20 percent compared to the same period in 2022. “Quarter after quarter we are making good progress towards achieving our sustainable business goal for 2025,” said Javier Rodríguez Soler, BBVA’s Global Head of Sustainability, commenting on these results.
BBVA earmarked €131 million for social programs and investment in the community in 2022, almost 19% more than the previous year's €106.3 million. The contribution reached 77.8 million people overall, 43% more than in the previous year.
BBVA has promoted sustainability training to 252 of its SME suppliers. These are small and medium-sized companies that have contracts with BBVA in the countries where the group is present and will receive this training as part of the United Nations Compact's Sustainable Suppliers training program.
BBVA Asset Management (BBVA AM) and BBVA Next Technologies, the BBVA Group’s dedicated software engineering company, have been recognized by the Food Bank Foundation for the valuable financial support they provided over the course of the COVID-19 pandemic. This recognition showcases the BBVA Group’s firm commitment to championing worthy causes that have a positive impact on society.
Laser light tools developed by Anne L’Huillier, Paul Corkum, and Ferenc Krausz have led to a new field of research with applications in areas such as electronics, the diagnosis of illnesses, the development of new materials and the search for clean energy sources.
The 2023 Bloomberg Gender Equality Index measures companies’ commitment and transparency in the presentation and monitoring of gender data. BBVA is listed on this benchmark index for the sixth year in a row with a score that is above the average for all companies; above the average for companies in the finance sector; and above the average for Spanish companies.
After several intense days in Sharm El Sheikh, Egypt, it’s time to step back and take stock of the COP27, the UN-sponsored global climate summit. The first picture that comes to mind, which took shape as soon as I landed, has to do with the modern incongruence of today's world as applied to climate summits: 35,000 people, representing governments, institutions, businesses and civil society, gather in the desert, to address the toughest test that humankind will encounter in the next three decades.
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Antoni Ballabriga(Global Head Sustainability Intelligence & Advocacy at BBVA)