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BBVA Sustainability Projects

19 Apr 2022

31 Mar 2022

Three energy projects financed by Garanti BBVA were recently presented with three awards by IJ Global, one of the world's leading journals for energy and infrastructure finance. The prestigious magazine recognized the bank for three projects it financed. The Star Refinery project was presented the award for the Oil and Gas Project of the Year in Europe; the Central Anatolian Natural Gas Combined Cycle Plant project (with installed capacity of 853 MW) won the award for the Best Energy Restructuring Project of the Year in Europe; and the Kalyon - YEKA Karapinar Solar Power Plant Project received the award for the Export Finance Agreement of the Year.

21 Feb 2022

Garanti BBVA and PwC Turkey organized a webinar discussing ESG and its impact on the energy sector, discussing the Paris Agreement, the European Union Green Agreement, the Carbon Regulation Mechanism at the Border, the need for incentives for a sustainable financial market and action proposals. Emre Hatem, Investment Banking and Finance Director of Garanti BBVA, Murat Çolakoglu, PwC Turkey Energy Infrastructure and Natural Resources Sector Leader, Evren Sezer, PwC Turkey ESG Platform Leader and Mehmet Özenbas, ESG Director of PwC Turkey, shared their views.

09 Feb 2022

BBVA has accelerated the volume of financing for sustainability-related projects, both for climate action and those that contribute to inclusive economic growth In 2021, the bank channeled 35.4 billion euros in sustainable finance, up 72% from 2020, and totaling 86 billion since announcing its sustainable finance commitment in 2018 This amount is 43% of the announced total target: 200 billion euros for the 2018-2025 period.

01 Feb 2022

BBVA has improved one position in the Dow Jones Sustainability Index (DJSI), thus becoming the most sustainable bank in the world, together with the South Korean bank, KB Financial Group. Both banks received the highest score in the global banks category. After holding the second position for the past two years, this is the first time that BBVA has reached the top position in this benchmark international ranking.

31 Jan 2022

12 Jan 2022

BBVA has joined the MIT Climate and Sustainability Consortium (MCSC) in order to accelerate the development of large-scale solutions to fight climate change. BBVA is currently the only bank in the world in this alliance, which includes 15 leading companies from different sectors, working together with MIT academic research teams. The members of the consortium will share processes and strategies for environmental innovation.

01 Dec 2021

25 Nov 2021

On November 24th, BBVA Chair Carlos Torres Vila took part in the first session of the UNEP FI Leadership Council, the United Nations Environment Programme - Financial Initiative’s (UNEP FI) new body. BBVA is the only Spanish bank on this council, which is comprised of chairpersons or CEOs of financial institutions around the world. UN Secretary General António Guterres also addressed the council.

24 Nov 2021

As of January 2021, 12 percent¹  of BBVA’s new financing is connected to sustainability, according to the figures released on Investor Day, which was held last week. At this event, BBVA’s Global Head of Sustainability, Javier Rodríguez Soler, also announced that BBVA expects to channel over €35 billion in sustainable financing in 2021. This represents more than 70 percent growth from 2020. “Decarbonization, in particular, and sustainability, in general, represent the greatest transformation in the history of humankind,” Rodríguez Soler stressed. This phenomenon represents an “huge business opportunity” for BBVA and its shareholders.

04 Nov 2021

03 Nov 2021

BBVA has set intermediate targets to decarbonize its portfolio in four CO2-intensive industries. Following its commitment in March to stop financing coal-related companies by 2030 in developed countries and by 2040 for the rest, the bank now announces that between 2020 and 2030 it will reduce the carbon intensity in its loan portfolio by 52 percent in electricity generation; 46% in automobile manufacturing; 23% in steel production; and 17% in cement production. These sectors, together with coal, account for 60 percent of global CO2 emissions¹. BBVA will focus on accompanying its clients with financing, advice and innovation solutions as part of a global decarbonization effort.

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

18 Oct 2021

08 Oct 2021

14 Jul 2021

08 Jul 2021

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BBVA is to channel €200 billion in sustainable funding through 2025, doubling the initial €100-billion target announced in February 2018. “We want to contribute to the global collective effort against climate change and promote inclusive growth, leaving no one behind. Two pillars that guide our pledge and purpose that is “To bring the age of opportunity to everyone”, said BBVA Chairman Carlos Torres Vila.

27 May 2021

06 May 2021

19 Apr 2021

08 Apr 2021

29 Mar 2021

26 Mar 2021

24 Mar 2021

BBVA became carbon neutral in direct CO2 emissions in 2020. The Group managed to meet this goal by offsetting its entire carbon footprint through carbon mitigation projects, which also benefited the local communities where they are developed. The bank offset 120,562 tons of CO2e during the year through seven projects developed in different countries across its footprint. This achievement represents another step towards in its push to align its activity with the Paris Agreement and reduce direct and indirect emissions.

17 Jun 2020

The project was created with the aim of promoting the work of farmers, ranchers, fishermen and wineries across Spain through easy and delicious recipes. Every month, the Roca brothers will select the best ingredients in season and come up with a proposal of how to cook them. Subscribers will receive a box of products in their kitchen, along with a recipe, the stories of the farmers behind the selected products and healthy advice to make the most of each ingredient. This content will be available to anyone on the ‘Sustainable gastronomy’ platform.

22 May 2020

BBVA has added a new feature to its financial aggregator One View. Using data analytics, it allows companies to find out the amount of greenhouse gases they emit into the atmosphere with their daily activities. At a time when SMEs and companies’ main concern is how to face the gradual lifting of lockdown restrictions during the health crisis, finding out their carbon footprint is the first step toward taking action that helps them to reduce their energy costs while having a positive impact on the planet. With this information, they can also explore new, more sustainable lines of business that will facilitate their recovery in a new context.

14 Sep 2019

Yet another year, BBVA has been included 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 most valuable companies.  BBVA’s inclusion in the DJSI World and DJSI Europe indices was announced today Friday, September 13. Garanti BBVA was also included in the DJSI Emerging Markets and is the only company in Turkey which qualified for fifth consecutive year.

17 Jun 2019

Climate change is forcing countries and the private sector to gaze into the future from a different point of view, one in which technology opens new paths to contribute to the development of societies. This is the scenario based on which the UN has defined its Sustainable Development Goal (SDG) No. 9:  Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation. BBVA has committed to - and is already - contributing to the achievement of this goal.

22 Apr 2019

BBVA has a core purpose of bringing the age of opportunity to everyone. The first step toward fulfilling this purpose has to do with the bank’s contribution to attaining the first of the United Nations (UN) Sustainable Development Goals (SDGs): the end of poverty. The 17 SDGs are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. The UN has called on companies to unite their efforts and initiatives in this area, with a focus on public-private partnerships.