BBVA channels €134 billion in sustainable business in 2025 (+44 percent), a new annual record

Of the total amount channeled in 2025, 77 percent corresponds to aspects related to climate change and natural capital, including activities related to efficient water use, agriculture and the circular economy, among others; while 23 percent was allocated to social initiatives, with projects that include social, educational or health infrastructure; support for entrepreneurs and start-ups; and financial inclusion.

“This new record in 2025 consolidates sustainability as a real driver of growth at BBVA, as well as a strategic lever to open new markets and gain new clients. Through the design and offering of specialized products and services, we are generating a positive and tangible social impact, fulfilling our purpose of supporting people and societies in their drive to go further,” said Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA.

Sustainable business is growing across all segments

In 2025, the Corporate & Investment Banking (CIB) area channeled €68 billion, 34 percent more than the previous year. Of this amount, €49 billion was allocated to financing and transactional banking activities, primarily to sectors such as energy and mobility.

In the green and sustainable project financing area, BBVA channeled approximately €4 billion, with a strong focus on projects related to renewable energy – mainly solar and wind –  including landmark transactions in the U.S. and Europe, financed with €3 billion; and cleantech, such as solutions for biofuels, carbon capture and storage, and financing of a battery gigafactory, totaling €500 million. Other projects related to natural capital also stand out, such as water treatment and distribution.

Furthermore, the bank continued to promote solutions such as sustainability-linked confirming, enabling BBVA clients to access better conditions if they meet established criteria. This solution acts as a lever for corporate clients to improve the sustainability of their value chain.

In addition, in key markets, BBVA continued reinforcing its support for European clients in sectors with greater exposure and expanded its offering of solutions in North America.

In terms of capital markets, the bank channeled €9 billion in 2025, including third-party bonds, with BBVA acting as bookrunner, in relation to green bonds, the environmental portion of sustainable bonds, or bonds linked to environmental indicators, as well as the EU emission allowances acquired by BBVA at auction under the Emissions Trading System Directive. Bond issues between European and Mexican clients have been particularly dynamic. The BBVA Group continues to promote the development of social and green bond markets in Latin America, Europe and the U.S.

Commercial banking channeled €50 billion, which represents 49 percent year-over-year growth. Throughout 2025, the bank channeled approximately €37 billion in financing for solutions related to climate change, with solutions for the agriculture and construction sectors increasing 43 percent over the previous year.

With companies as one of its strategic priorities, BBVA prioritizes developing solutions to enhance corporate competitiveness, such as energy efficiency, the transition toward sustainable mobility, comprehensive management of water resources, promotion of the circular economy and the modernization of the agri-food sector. It has also continued to reinforce the use of advanced data analytics to develop consultation tools, such as the carbon footprint calculator for clients. In 2025, the launch of a biodiversity bond in Türkiye stands out, as well as the identification of new business opportunities in the wine sector in Mexico and Spain.

The number of sustainable operations completed has doubled over the previous period, reaching over 157,000 transactions, with Mexico as the leading country with over 72 percent of this amount.

Retail banking channeled €15 billion, representing 93 percent growth. In this segment, €9 billion was allocated to financing entrepreneurs and micro-enterprises, mostly in Spain and Türkiye. Financing for the purchase of electric and hybrid vehicles stood out, exceeding €2 billion, as did the financing for homes with high energy efficiency certification (€1 billion); and financing – through personalized digital solutions— for the mass consumer and energy efficiency markets (€300 million).

Furthermore, the agri-food sector has continued to promote advisory and financing solutions for small and mid-sized businesses in both Spain and South America.

BBVA and its commitment to sustainability

BBVA aims to propel sustainability as a driver of growth and foster new businesses. The climate, natural capital and opportunities in the social sphere are the three pillars underpinning its sustainability strategy. The bank aims to channel €700 billion between 2025 and 2029. This more than doubles the previous target of €300 billion between 2018 and 2025. The bank reached this target in 2024, one year ahead of schedule. The new, more ambitious objective is also set for a shorter time frame (five years versus eight).

The criteria the bank uses to account for its products in the channelling sustainable business are described in its Sustainable Business Channeling Guide.