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Commitment

22 Mar 2023

BBVA is firmly committed to working towards building a greener and more inclusive society. To this end, for the third consecutive year and on the occasion of the Annual General Meeting (AGM), the bank will make a donation of 300,000 euros to social organizations working in four areas related to the environment and inclusive growth. Fundación Grandes Amigos en Acción, CESAL, Fundación Plan Internacional and Fundación Ecomar were the winning organisations in 2022.

BBVA is the only Spanish financial institution that is a member of the International Energy Agency’s (IEA) Finance Industry Advisory Board, which held its first meeting in Paris. This initiative aims to be an institutional channel between the agency, the finance community and energy policy makers in order to promote dialogue on the issues that affect energy investments, in particular those related to the transition toward clean energy.

21 Mar 2023

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BBVA presents 'Reinicia tu mundo’ (‘Reboot your world’), a new initiative within our 'Aprendemos Juntos 2030' educational project with a focus on sustainability as the key to the 21st century and on schools as a driver to convey the importance of caring for the planet through responsible consumption, respecting others and adopting healthy habits. Our challenge provides teachers and families with free resources to help primary school children be the drivers of change for a better world.

07 Mar 2023

BBVA Chair Carlos Torres Vila stated that “Mexico is going to be a clear winner in the current context” in which U.S. companies are moving production to closer regions. This trend, known as ‘nearshoring’, is going to accelerate due to the tax incentives the U.S. has designed to promote investment in the fight against climate change in the country (the Inflation Reduction Act, or IRA). He stressed this at CERAWeek, the benchmark global event for the energy sector, which is being held in Houston throughout this week.

01 Mar 2023

BBVA Chair Carlos Torres Vila participated in a round-table discussion on the present and future of sustainable finance, where he stressed the central role of banks as an intermediary, accompanying society in its journey to reduce carbon emissions. In his opinion, with its activity, “banks contribute to economic development and social well-being by tackling major challenges like digitization and sustainability.”

09 Feb 2023

Matrix Renewables, the TPG Rise-backed global renewable energy platform, and BBVA have announced the closing of €40 million in sustainable financing to begin the construction of two solar plants, Zaratán and Arroyadas, in the municipality of Valladolid, in northwest Spain. The new plants will lead to the creation of 500 local jobs during the construction phase.

08 Feb 2023

The global carbon credit trading platform Carbonplace has raised 45 million dollars in a seed funding round and has been incorporated as its own entity. BBVA, one of the nine founding banks, has participated in this round and has appointed its Head of Carbon Markets at BBVA Corporate & Investment Banking, Ingo Ramming, as a representative on Carbonplace's Board of Directors.

07 Feb 2023

In 2022, BBVA channeled €50 billion into sustainable business, up 41% from the €35.4 billion mobilized in 2021. The bank has now channeled a total of €136 billion since 2018, when it announced its sustainable business mobilization target through 2025. That target, set initially at €100 billion, was trebled in October 2022 to €300 billion, thanks to the reinforcement of the product offering in the wholesale and retail segments.

19 Jan 2023

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BBVA Chair Carlos Torres Vila said at Davos that Europe must establish adequate mechanisms and incentives to promote investments for decarbonization.” In this regard, he added that “Europe cannot fall behind.” In his opinion, in order for decarbonization technologies to grow and be profitable, “we need a legislative, regulatory and supervisory framework that offers adequate incentives like what is already underway in countries like the U.S.”

13 Jan 2023

04 Jan 2023

The world's leading recruiter PageGroup. which operates globally as Michael Page, Page Personnel, Page Executive and Page Outsourcing, has signed an £80 million sustainability Club Deal facility led by BBVA. The new financing will support PageGroup in pursuing a twofold objective: to fight climate change and contribute to gender equality. BBVA has been mandated as sole sustainability coordinator in this transaction, in which HSBC also participated, with each entity providing £40 million in sustainable financing.

21 Dec 2022

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On Tuesday, the BBVA Microfinance Foundation released the documentary ‘After the Rain’, which tells the stories of three families of entrepreneurs who were able to overcome the obstacles to reinvent themselves and change their lives. The short film emphasizes the challenges faced by many of the people supported by the foundation, such as violence, abuse and the effects of climate change. It also shows the hope that it is possible to get ahead and have a better future.

13 Dec 2022

For the eighth consecutive year, BBVA's Turkish unit is the only company from Türkiye to be included in the Dow Jones Sustainability Index (DJSI). The bank has made it into the DJSI Emerging Markets category every year since 2015, and this year repeated its success with a record score of 82 points, the sixth-highest among global financial institutions.

29 Nov 2022

Garanti BBVA, the BBVA Group’s Turkish franchise,  integrates climate change and inclusive growth within its core strategies. In line with that commitment, Garanti BBVA has launched a program of events called 'Sustainable Future in Exports' to support Türkiye’s adaptation to the European Green Deal and pave the way to sustainable investment. At the first event, held on November 23, 2022 at Fişekhane Istanbul, the bank explained the European Green Deal and the Carbon Border Adjustment Mechanism (CBAM) to the sectors and institutions–especially SMEs–that will be affected by the new rules governing exports to the EU.

23 Nov 2022

04 Nov 2022

BBVA Chair Carlos Torres Vila, alongside other leaders of major global companies, has signed a statement calling on world leaders and participants at the Sharm El Sheikh United Nations Climate Change Conference (COP 27) to commit convincingly to a just transition. "This transition needs a radical rethinking of how we do business," explains the statement from the Alliance of CEO Climate Leaders promoted by the World Economic Forum (WEF).

03 Nov 2022

25 Oct 2022

17 Oct 2022

05 Oct 2022

BBVA is committed to clean energy and will support the energy industry in its transition. The bank has therefore announced it will reduce emissions from its oil and gas portfolio by 30% by 2030. This commitment is in addition to the bank's 2021 targets  in four other carbon-intensive sectors and the decision to stop financing coal companies, in line with the zero net emissions banking alliance (NZBA).

BBVA's decarbonization targets: What do they mean and what is their scope?

30 Sep 2022

15 Sep 2022

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BBVA Chair Carlos Torres Vila spoke with Larry Fink, founder and CEO of BlackRock, at the 2nd Sustainability Forum held by the bank on Thursday in Madrid. They both agreed on the need to invest in new technologies that will make the transition toward a decarbonized economy as fair and equitable as possible, with realistic short-term goals and without leaving emerging countries behind. The BlackRock CEO saluted BBVA's role in this decarbonization process: “BBVA is making a difference in Mexico, in Spain and everywhere,” he said.

09 Sep 2022

Pedro Sánchez Pérez-Castejón, President of the Government of Spain, and Carlos Torres Vila, BBVA Chair, will open the BBVA Sustainability Forum 2022, on September 15 (4:30pm CEST) at Ciudad BBVA, Madrid. Teresa Ribera Rodríguez, the Third Vice-President of Spain and Minister for Ecological Transition and Demographic Challenge, will also take part in the meeting.

29 Aug 2022

18 Jul 2022

14 Jul 2022

07 Jul 2022

23 Jun 2022

21 Jun 2022