After the financial crisis of 2008, the role that banks need to play in society seems to have been finally clarified. The purpose - or the rationale - of a bank is currently defined in terms of service to citizens, the community or the specific groups with which it interacts (stakeholders). In this new business model, principles are integrated into the bank's strategy and grant consistency and unity to three fundamental concepts: the purpose, the strategy and the corporate culture. Today in the banking industry, the talk is not about what we want to be but how to become what we want to be. In other words: how to build a responsible culture.
Sustainability and Responsible Banking
Sustainability and Responsible Banking
For yet another year, on November 25 International Day for the Elimination of Violence against Women is being commemorated, and BBVA would like to resonate, among all those who are part of it, our involvement and commitment as citizens to manage to achieve a society free of gender-based violence, our support for women who suffer gender-based violence and anyone who may be in a possible abusive situation.
Francisco González, along with the Minister of Agriculture and Fishing, Food and the Environment, Isabel García Tejerina, presided the BVA Foundation Biodiversity Conservation Awards ceremony. The winners of the 11th edition of these awards were the Grupo para la Rehabilitación de la Fauna Autóctona y su Hábitat (GREFA), and the NGO Conservation Land Trust, and the communications professional Carlos de Hita.
BBVA’s new corporate headquarters in Madrid have become an architectural and sustainability landmark. Architects Jacques Herzog and Pierre de Meuron have designed not only a smart but an environmentally and people friendly city, reflective of the financial group’s global digital transformation strategy.
“It is really moving to see this type of initiatives and how a Foundation like ours can do so much in favor of society. These people have access to loan facilities, but they manage to move forward thanks to their own efforts and will to fight. Their work is spectacular and we are already seeing progress in future generations; their kids and grandchildren go to school and many even make it to college. For me, it has been an incredible visit,” said Francisco González during his visit to some of the projects supported by the BBVA Microfinance Foundation (BBVAMF) in Soacha, a city just outside of Bogota (Colombia).
BBVA Compass sponsored the Association of Financial Professional's solidarity initiative, AFPAware Community Service Day, to package 10,000 lbs. of food and 2,000 care kits that will be distributed to needy families and abuse victims, respectively.
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 Spanish Federation of Food Banks (FESBAL) has awarded BBVA its 2016 Espiga de Oro award in recognition of the bank’s community involvement program that has helped reinforce the infrastructure in the federation’s 56 food banks.
How did the sharing economy become a phenomenon? The initial idea - communities that share resources to improve services and limit the environmental impact of their actions - has evolved and reemerged in recent years thanks to the success of startups such as Uber, Airbnb or Taskrabbit. We asked some experts to help us understand why.
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.