BBVA joins global coalition to promote sustainable procurement and supply chains
BBVA, as a founding member (and only bank), has joined the Coalition for Sustainable Procurement, a global alliance led by the United Nations Global Compact that seeks to mainstream sustainability into procurement processes and supply chains internationally.
The Coalition for Sustainable Procurement was presented during the UN High-Level General Assembly Week 2025 at a forum held in New York, which brought together procurement managers, sustainability leaders, government officials, and experts from the private sector. The shared goal is to transform purchasing power into an effective tool for advancing climate transition, nature protection, decent work, and resilient growth.
By participating in this initiative, BBVA reinforces its commitment to developing more transparent and inclusive value chains that are aligned with ESG (environmental, social, and governance) principles. The Coalition will promote public-private partnering platforms, the development of common tools to assess the social and environmental impact of purchases, and the implementation of specific initiatives that firmly entrench sustainable procurement as a market standard. Francisco Lucas, ESG Senior Manager of Global Procurement at BBVA, explained that “our membership in the coalition will allow us to continue advancing and innovating in our purchasing sustainability strategy, incorporating best practices and establishing BBVA as a frontrunner in this space.”
As part of this alliance and alongside other founding companies such as Altus Power, Schneider Electric, KPMG, S&P Global, and ReNew, BBVA will help develop shared guidelines and case studies that will serve as a knowledge base for governments, large corporations, and small and medium-sized enterprises. The Coalition has already published its first report, “Procurement: A Catalyst for Sustainable Growth and Resilience”, which discusses emerging trends, existing gaps, and key tools for sustainable procurement.
Francisco Lucas, ESG Senior Manager of Global Procurement at BBVA, during the meeting
Looking ahead, the Coalition will prioritize three main areas of action:
- Public-private partnerships, providing business data and practical examples that help to share innovations and support policy development.
- Guidance and practical recommendations, with tools that enable buyers to balance social and environmental impacts alongside cost, quality, and delivery criteria.
- Shared action, transforming dialogue into concrete initiatives and practical measures that accelerate sustainable procurement.
Joining this coalition is in line with the actions BBVA has been taking since 2023 to strengthen sustainability in its own supply chains. In 2025, for the third consecutive year, the bank is promoting the United Nations Global Compact Sustainable Suppliers training program, with the participation of 466 small and medium-sized supplier companies from 13 countries. This figure represents an 11 percent increase over the previous year. A total of 593 people have registered for this year’s program, 7 percent more than in 2024. The course empowers SMEs to incorporate ESG criteria into their operations and access tools to move toward a more sustainable and inclusive economy.
Through its participation in the Coalition for Sustainable Procurement, BBVA reinforces its global sustainability strategy, based on joint action with clients, suppliers, and partners to generate a positive impact throughout the value chain.
BBVA has also earned recognition for its model for financing clients' decarbonization efforts from the World Economic Forum's Alliance of CEO Climate Leaders at Climate Week in New York. The jury recognized BBVA's approach as best practice in the Finance category. Together with three winners from other sectors, the bank’s solutions “show how companies can move beyond incremental change to deliver the systemic shifts needed for a net-zero, resilient global economy.”