Close panel

Close panel

Close panel

Close panel

Sustainability and Responsible Banking

Sustainability and Responsible Banking

Gene Likens revealed the environmental impact of acid rain. Marten Scheffer has proven that human activity can bring irreversible damage to nature. Both have contributed decisively to understand how ecosystems respond to human-induced alterations of the natural environment, key to better protect our planet. The BBVA Foundation has recognized the work of these two ecologists with the Frontiers of Knowledge Award.

The BBVA Foundation Frontiers of Knowledge Award in the Climate Change category goes, in this ninth edition, to climatologists Syukuro Manabe and James Hansen, separately responsible for constructing the first computational models with the power to simulate climate behavior. Decades ago, both men correctly predicted how much Earth’s temperature would rise due to increasing atmospheric CO2. The scores of models currently in use to chart climate evolution are “heirs” to those first developed by Manabe and Hansen.

There are over 200 coral species in the Mediterranean. They are not as spectacular and have not suffered in 2016 as much as the Australia’s battered Great Coral Reef, but they are essential to nurture marine life. Some live at depths of hundreds of meters and are seriously damaged. An research team funded by the BBVA Foundation studies how to heal them.

Everyone should have access to basic financial services by 2020. This goal, set by the World Bank, aims to combat the financial exclusion that impacts two billion people. Several organizations from the public and private sector, including BBVA Microfinance Foundation, have signed the Universal Financial Access 2020 (UFA), committing to meet this deadline.

Having a bank account is the first step to access basic financial services, such as loans or insurance, which help underprivileged families to receive essential services like water, electricity, housing, education or healthcare. It also allows small and medium sized businesses to grow, expand operations and improve risk management.