Sustainable Development Goals
Sustainable Development Goals
BBVA Microfinance Foundation took part in the United Nations’ 66th Commission on the Status of Women (CSW66) to share its experience in driving women’s economic and social development. During her intervention, the Foundation’s head of Sustainability and Women’s Economic Empowerment, Laura Fernández Lord, stressed that offering vulnerable women “innovative climate change adaptation measures and access technical assistance and digitalization, could increase their output up to 30% and lift 150 million people out of poverty.”
Eleanor Roosevelt, Hansa Mehta, Minerva Bernardino and Marie-Hélène Lefaucheux are names to remember on December 10th, the anniversary of the Universal Declaration of Human Rights. The most translated text in the world proclaims, in essence, that all human beings, without distinction, are equal.
In its annual report, Intrama includes the success stories of more than 30 Spanish companies with the best practices in Diversity and Inclusion, of which BBVA is one. The global human resources consulting firm highlights the financial institution's strategic alignment of diversity policies, the communication of its projects and the training provided to its staff in this area.
“At BBVA, there are more than 100,000 people working in over 25 countries, with a wide range of different cultures, experiences, beliefs, languages, etc. This diversity is a fundamental part of the recipe to our success, and it will make us stronger to face the challenges and opportunities that lie before us,” said BBVA Chairman Carlos Torres Vila at the main event of the bank’s Diversity Days, a series of internal events being held for the second year in a row to share important advances in terms of diversity and inclusion, and to create a space for learning for all of the Group’s employees.
The BBVA Center for Financial Education and Capability has published the 2021 EduFin Position Paper, a document that represents the Center’s position on the current state of financial education at a global level. This report highlights the role of financial education and its challenges in contributing to a more sustainable society in the post-COVID recovery phase. According to the study, digitization and financial inclusion will be key. Its publication coincides with Spain’s Financial Education Day, which is celebrated on October 4 with the slogan ‘Your finances, also sustainable.’
‘Vamping’ is a term that comes from the English words ‘vampire’ (vampire, animal active at night) and ‘texting’ (sending messages) and refers to the practice, carried out mostly by teenagers, which consists in making excessive use of electronic devices such as cell phones, laptops, tablets, consoles... just before going to sleep. As a result, their rest is affected due to the reduction of the necessary hours of sleep and the effects on our body produced by the light from the screens. This phenomenon is causing many young people to suffer from early insomnia.
When Blanca Huergo knocked on BBVA’s door less than two years ago, she could never have imagined that she would wind up visiting its Madrid headquarters to meet with its top executives. This young Mathematics and Computer Science student at the University of Oxford has become a role model for many girls in the STEM (science, technology, engineering and mathematics) career areas where they are scarce.
A lack of role models, stereotypes and difficulties accessing funding make it hard for women to launch businesses. Committing to work-life balance, redefining the face of entrepreneurs and new business and digital models are some key aspects that could help make entrepreneurial opportunities more egalitarian.
'Diversidad Trans. Punto de encuentro' is the manual presented by the financial institution that includes guidelines and protocols focused on supporting trans or gender transitioning employees or customers. Diversity and inclusion in general, and particularly LGBTIQ+, are intrinsic to BBVA's DNA and are part of its strategic and business objectives.
The challenge of diversity is one of the key transformation pillars for any company. In the case of BBVA, ensuring a diverse workplace, in the broadest sense of the term, allows the company to better address the needs of its diverse customer base and offer a more comprehensive service.
The COVID-19 pandemic has further accelerated the implementation of new forms of flexible working, for which digital transformation has been key. Thousands of workers have had to convert their homes into places of work, almost overnight. This fact has affected the work life balance, and it became of utmost importance in an ecosystem where work and life were sharing space, to facilitate that balance.
Today marks the 10th anniversary of the UN Guiding Principles on Business and Human Rights, the framework for managing the impact of business on fundamental rights. Much has happened since Professor John Ruggie developed these principles.
The need to create a livable global environment that respects and preserves biodiversity is driving initiatives such as the European Green Deal, with an integrative vocation under the umbrella of sustainable and inclusive development. The aim of this agreement is to implement a set of measures to address climate and environmental challenges.
BBVA joins the European Clean Hydrogen Alliance, which aims to promote the extension and development of the use of green hydrogen for a carbon-neutral Europe by 2050. BBVA is the only Spanish bank in this alliance promoted by the European Commission.
In an especially hard year for the world of entrepreneurship, BBVA continued supporting entrepreneurs who create a positive social impact. The bank devoted €7.7 million euros (5 percent of the total investment in social programs) to entrepreneurship initiatives, benefitting 2.61 million entrepreneurs in 2020.
Much has been written about generational differences and how to classify the population according to someone's year of birth. The truth is that there is no exact or official definition of when a generation begins or ends and, depending on which demographers or researchers you consult, there are discrepancies about the years that comprise each generation.
The agile work methodology, new skills that teams look for or the recent inclusion of diversity as a strategic business priority are some of the ways in which BBVA’s human team has changed over the past few years. Paloma Tejada, head of Talent and Culture, Agile and Communications, at Client Solutions, BBVA, spoke about all of them in a conversation with Matthew Gamser, CEO of the SME Finance Forum.
In 2020, BBVA launched its 'COVID-19 Social Response Plan' with €35.7 million to help society at large. The funds were primarily used to purchase medical equipment to support public health systems. In addition, the bank collaborated with a variety of different organizations to support vulnerable groups, and promoted research on the disease and its side effects. More than 3.5 million people directly benefited from these initiatives, rolled out on top of another batch of measures implemented to support clients and customers, including payment deferrals and government backed loans.
Although male stereotypes dominate science and technology, the reality is that these areas are becoming increasingly diverse and more women are gradually landing technical jobs. Today, February 11, on the occasion of the International Day of Women and Girls in Science, four professionals from BBVA's Engineering and Organization unit share their views on how to tear down barriers and get young girls more interested in tech jobs.
StackOverflow is well known in the programming world. On the one hand, it is a portal of questions and answers where developers selflessly help each other with technical issues. It has around 100 million visitors per month and is one of the 50 most popular websites in the world. But it is also famous for its annual reports that analyze the most popular programming languages, or the average salary of its users depending on their role and country based on a survey of 65,000 users. The report includes demographic data, drawing attention to the fact that only eight percent of surveyed users are women.
BBVA was included in the Bloomberg Gender-Equality Index for the fourth consecutive year. The financial institution, which has placed diversity as a business objective, improved its rating by five percentage points compared to previous editions thanks to its policies of promoting equal opportunities in professional growth and an inclusive corporate culture, according to the international agency. Garanti BBVA, the Group´s Turkish subsidiary, is also included in the index.
BBVA, which recently launched its line of business ‘Quantitative Investment Strategies’ (QIS) for institutional investors, has augmented its first QIS index family specialized in sustainability, with the incorporation of two pioneering climate indexes of its own creation: ‘Solactive BBVA Climate Action PAB Europe’ and ‘Solactive BBVA Climate Action CTB Europe’.
The pandemic and the subsequent health protection measures have forced the bank to adapt the actions planned for its employees this Christmas. The traditional Christmas festivities have been replaced by global digital celebrations and a donation to three NGOs that provide support to the sectors of society that have suffered the most during the crisis.
The Collective Commitment to Climate Action (CCCA), the most ambitious global banking sector initiative supporting the transition to a net zero economy by 2050 is celebrating its first anniversary. And to commemorate the occasion it has published its first follow-up report.
The financial institution celebrates Diversity Days, a conference that highlights recently implemented projects in this area and that draws a roadmap with the challenges and goals for converting diversity into the Group's DNA and as a key objective for the future.
On Thursday, BBVA Chairman Carlos Torres Vila attended the meeting of the Carolina Foundation Board of Trustees, which was presided by King Felipe VI, at the Royal Palace in El Pardo. The Carolina Foundation, of which BBVA has been a trustee since its inception, celebrates its 20th anniversary in 2020.
As part of its commitment to sustainability, BBVA has become the first institution in Argentina to launch recycled plastic cards, 85.5 percent made of PVC (polyvinyl chloride), produced from recycled plastic.
Between October 2019 and June 2020 women lost jobs at a greater rate than men, while the employment recovery rate in the third quarter of 2020 was slightly higher for men, widening the gender gap. These are some of the key takeaways of BBVA Research’s 'Gender diversity and training' paper. According to the report, published on the occasion of BBVA’s diversity workshop (Diversity Days), training is one of the essential factors to reversing this situation and boosting women’s participation in the digital economy, a sector that’s recovering at a faster pace.
Access to technology and financial education improvement for the entire population, especially the most vulnerable, is essential to achieving an inclusive recovery. These have been the main conclusions from the latest edition of EduFin Talks, a space for reflection and debate on financial education's challenges organized by the BBVA Center for Financial Education and Capability in a 100 percent digital format.
BBVA has ranked first among European banks in the Dow Jones Sustainability Index (DJSI), the market's leading benchmark index, which measures the economic, environmental and social performance of the world's largest companies by market cap. The BBVA Group also took second place in the world ranking. The announcement was made on Friday, at the closing of the stock market in New York.
For yet another year, BBVA renewed its commitment to diversity and inclusion and is named one of the Top 30 Spanish companies with the best practices in the field. It was reported in the 2021 VariableD Report from Intrama's ECDI Network, comprised of companies committed to diversity and inclusion. The organization presented its conclusions at the 2020 FactorW Diversity Summit which is the largest national congress on this matter.
New challenges and opportunities in financial education and inclusion will be the main topic of the third edition of EduFin Talks. The BBVA’s Center for Financial Education and Capability presents the new edition of EduFin Talks, a space to reflect on and discuss the challenges of financial education. This year it will be held fully online.
The BBVA Chairman kicked off MoneyFest, this year’s virtual edition of Money2020. In an interview with Spriha Srivastava, Executive Editor overseeing the London Newsroom of Business Insider, he shared his insights into the trends that the pandemic has accelerated, such as digitization and sustainability. Carlos Torres Vila considers that this crisis can be an “opportunity to reset our world.” In this sense, he noted that the “infusion of public funds must contribute to achieve a more digital, sustainable and inclusive society.”
Learning something new is always positive, especially when it’s about something as important as personal finances. Pay attention to this agenda of virtual events in the last quarter of the year, as it will help with money management and improving financial health.
Both organizations have announced a global collaboration agreement to promote equality among girls and young people with a focus on female role-models. "We are convinced that we can curb the impact of gender stereotypes in a simple and effective way, by teaching girls about successful women that can help them become aware of all the opportunities within their reach", said BBVA global head of Talent and Culture Carlos Casas.
The World Health Organization promotes Breast Cancer Day every October 19 to raise awareness about the commitment of society as a whole to the fight against the most common form of cancer in women. For yet another year, BBVA is organizing a fundraising campaign via Bizum, the leading instant payments solution in Spain, to encourage customer donations in support of the Spanish Association Against Cancer. As an additional gesture of solidarity, this morning, the bank lit up its headquarter buildings in Madrid, La Vela, in pink.
The Women Entrepreneurs Meeting, organized by Garanti BBVA in collaboration with KAGİDER, the Turkish Women Entrepreneurs Association, has been held virtually for the first time. The event which brought together thousands of female entrepreneurs, was attended by Turkey's Trade Minister, Ruhsar Pekcan, who came to show her support for one of the most important groups within the Turkish economy.