Commitment
LATEST NEWS BBVA.COM
- BBVA makes headway toward its decarbonization targets in key industries and cuts its emissions by 24 percent in the oil and gas sector
- BBVA and Cisco Strengthen its Strategic Partnership to Accelerate Digital Transformation and Foster Innovation
- Garanti BBVA launches a series of documentaries addressing the effects of climate change
Today
Commitment
BBVA makes headway toward its decarbonization targets in key industries and cuts its emissions by 24 percent in the oil and gas sector
BBVA closed 2023 reporting good progress in decarbonizing its credit portfolio. Improvements in plan delivery reached 24 percent in key sectors —such as oil and gas— for which 2030 targets were set. As of December 2023, 80% of the finance portfolio in high-emission sectors relates to clients actively managing their transition, according to the latest TCFD report published by the bank.
23 Feb 2024
Video
BBVA Sustainability Projects
Javier Rodríguez Soler: “There are already some decarbonization technologies that work and are profitable”
“By definition, companies need to push profits. The good news is that there are already some technologies that work and are profitable”, remarks Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA. In a recent interview with Brendan Wallace, CEO of Fifth Wall, Rodríguez Soler explains BBVA’s commitment to investing in companies that research and develop sustainable technologies that champion the decarbonization of the economy.
15 Feb 2024
Garanti BBVA CEO Recep Baştuğ has secured the top spot among finance executives and seventh place overall in the latest annual "Türkiye’s Sustainability Leaders" ranking, published by the Turkish franchise of leading business magazine Fast Company.
07 Feb 2024
BBVA has been recognized yet another year in the latest edition of S&P Global’s Sustainability Yearbook. BBVA is among the top 5 percent of the world’s most sustainable banks, according to this ranking published today. The yearbook distinguishes leading sustainability companies in 62 sectors.
06 Feb 2024
Climate Action
Sustainable cooling without halocarbons, or how to help billions of people adapt to the coming heat
COP28 has ended and following intense debates and difficult consensus, we have seen considerable progress in the development of sustainable cooling. Refrigeration is not only necessary for the life of numerous households - it is essential for sectors such as food, logistics, digital technology and tourism.
01 Feb 2024
Commitment
BBVA sets an annual record in sustainable business, with €70 billion in 2023 (+39 percent)
BBVA set a record annual figure for sustainable business in 2023: €70 billion, up 39 percent on the figure reported in 2022, as sustainability now permeates all segments and because the bank serves a wide range of industries.
Header image generated with Midjourney (AI)
24 Jan 2024
Sustainable cities and communities
Garanti BBVA hosts its fourth 'Sustainable Future in Exports' meeting in Bursa, Türkiye
As part of its strategic commitment to sustainability and inclusive growth, Garanti BBVA continues to host its series of events around the theme 'Sustainable Future in Exports.' The fourth installment of the series—previously held in Istanbul, Gaziantep, and İzmir—unfolded this year in Bursa.
12 Jan 2024
Action and Investment ODS Plan
BID Invest and BBVA to finance the expansion of the Port of Montevideo
The two institutions will provide finance to boost the country's foreign trade through an expansion of the facilities at Uruguay's premier port. The total outlay comes to $340 million.
20 Dec 2023
Antoni Ballabriga
Global Head of Responsible Business at BBVA
27 Nov 2023
As part of its efforts to further increase financing for renewable energy projects, Garanti BBVA recently announced an agreement to provide €36.1 million in financing to Galatya Energy Production Inc. for the Işıklar Wind Power Plant.
23 Nov 2023
It is the BBVA Group’s first ever blue bond, which are securities used to finance projects geared toward ocean sustainability and the Blue Economy.
03 Nov 2023
Commitment
76 percent of BBVA lending portfolio to emission heavy sectors are to clients advancing in their transition
76 percent of BBVA’s lending portfolio corresponds to clients in emission heavy sectors that are making progress in their transition to net zero emissions, according to the latest update to BBVA’s sustainability strategy, published November 3rd. The document underscores how the bank promotes new businesses through sustainability.
26 Sep 2023
opinion
Antoni Ballabriga
Global Head of Responsible Business at BBVA
14 Sep 2023
With BBVA financing, Supermercados Peruanos seeks to have a direct impact on the percentage of recycled waste and to increase the number of people benefiting from its food donation program ‘Bueno por dentro’ (Good on the inside).
opinion
Javier Rodríguez Soler
Global Head of Sustainability and Corporate & Investment Banking (CIB)
The events aim to provide support and guidance for sectors and institutions impacted by both the European Green Deal and Carbon Border Regulation processes.
12 Sep 2023
Climate change
Carlos Torres Vila: “Decarbonization will occur when investments in emerging green technologies prove profitable”
BBVA Chair Carlos Torres Vila stated that "the investment necessary for the economy to function without emissions must make economic sense, since a large part of it will come from the private sector." At a round table hosted by UNEP FI in Madrid, he stressed that "decarbonization will occur when investments in emerging green technologies prove profitable."
31 Jul 2023
Commitment
BBVA channeled €19 billion in sustainable business in the second quarter of 2023 - 30 percent more and a new quarterly record
From April to June 2023, BBVA channeled around €19 billion in sustainable business. This figure, showing growth of around 30 percent compared to the same period of the previous year, sets a new quarterly record. In total, BBVA channeled €169 billion in sustainable business from 2018 to June 2023, well over half of the €300 billion target laid down for the 2018-2025 period.
29 Jun 2023
BBVA has been recognized for its Outstanding Financial Leadership in Sustaining Communities at a global level, at the Global Finance magazine's Sustainable Finance Awards 2023. The bank also won three other regional awards in different sustainability-related categories.
23 Jun 2023
BBVA is repeating as the only Spanish bank on the Steering Committee of the Net-Zero Banking Alliance (NZBA). The bank has been a founding member of this alliance since April 2021. NZBA is a forum promoted by United Nations that defines the frame of reference for the decarbonization of the banking sector: a robust, science-based framework that underpins the credibility of the voluntary commitments.
19 Jun 2023
BBVA and IFC, a member of the World Bank Group, announced the launch of Colombia's first blue bond at the 2023 Banking Convention in Cartagena.
05 Jun 2023
BBVA Sustainability Projects
BBVA and construction company Mace's London Eye in London, for a sustainable future
Mace, the company that managed the construction of the iconic London Eye, has become a global benchmark for sustainability in the construction industry. It has committed to reduce its carbon dioxide (CO2) emissions (CO2) by 10 percent each year, save 10 million tons of carbon for its clients and contribute to biodiversity gain through the protection of 500 hectares. BBVA is supporting the construction company in this transition.
02 Jun 2023
BBVA’s Turkish unit has renewed its syndicated loan agreement obtained from international markets within the scope of its foreign borrowing program and in accordance with social sustainability criteria.
28 Apr 2023
BBVA has channeled 150 billion euros in sustainable business from 2018 to March 2023, half of the €300 billion target set for the 2018-2025 period. Nearly 14 billion euros was mobilized in the year's first quarter, an increase of almost 20 percent compared to the same period in 2022. “Quarter after quarter we are making good progress towards achieving our sustainable business goal for 2025,” said Javier Rodríguez Soler, BBVA’s Global Head of Sustainability, commenting on these results.
18 Apr 2023
The President of Uruguay, Luis Lacalle Pou, and the country manager of BBVA Uruguay, Alberto Charro, gave the opening presentations at the BBVA Sustainability Forum this Tuesday in Montevideo. A meeting where government officials, experts and the business community analyzed various initiatives to support the fight against climate change. BBVA Chair Carlos Torres Vila recorded a video message in which he stressed the need for all countries to join the race to decarbonization in Latin America, and emphasized the progress in Uruguay in its transition toward a more sustainable economy.
12 Apr 2023
Action and Investment ODS Plan
BBVA publishes its clients' progress toward decarbonization for the first time
BBVA has published its clients’ progress toward decarbonization in the initial version of its climate transition plan. The bank is one of the first in the world to apply the recommendations by the Glasgow Financial Alliance for Net Zero (GFANZ) to define a transition plan. Emissions declined in all sectors with published decarbonization indicators. BBVA’s goal is to finance this emission reduction by its clients.
11 Apr 2023
BBVA earmarked €131 million for social programs and investment in the community in 2022, almost 19% more than the previous year's €106.3 million. The contribution reached 77.8 million people overall, 43% more than in the previous year.
22 Mar 2023
Commitment
Four NGOs receive charitable donation from BBVA shareholders for their projects for a greener and more inclusive world
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 Sustainability Projects
BBVA, the only Spanish financial institution on the Finance Industry Advisory Board for the International Energy Agency
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
Video
Commitment
‘Aprendemos juntos 2030’ ('Let's learn together 2030’) challenges schools to promote sustainability and self-care
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.