76 percent of BBVA’s lending portfolio corresponds to clients in emission heavy sectors that are making progress in their transition to net zero emissions, according to the latest update to BBVA’s sustainability strategy, published November 3rd. The document underscores how the bank promotes new businesses through sustainability.

BBVA mobilized €15.6 billion in sustainable corporate business between January and September 2023 (up 95 percent from the same period the previous year) and €7.3 billion in retail banking (up 69 percent). Both segments have consolidated growth in the mobilization of sustainable business.

The protection of nature and its sustainable management is a matter of the very survival of the planet. Moreover, a growing number of financial institutions are becoming aware that this field offers a real opportunity. The deployment of long-term strategies, the role of investors and shareholders, and increasingly stringent regulation paint a brighter picture.

The agreement between Hochschild Mining and BBVA is a ‘Club Deal’ facility totaling $200 million in favor of the mining companies Ares and Amarillo Mineraçao do Brasil.

Javier Rodríguez Soler, Head of Sustainability and Corporate & Investment Banking (CIB) at BBVA, highlights in this article, published by EUROFI, the importance of the transition towards a greener and more inclusive economy in Europe.

The events aim to provide support and guidance for sectors and institutions impacted by both the European Green Deal and Carbon Border Regulation processes.