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BBVA Sustainability Projects

06 Sep 2023

21 Jul 2023

BBVA plans to invest in Suma Capital’s 3rd Sustainable Investment Fund, which specializes in the energy transition, the circular economy and in particular waste management for energy production: biogas and biomethane. The financial institution is investing in this reference fund for sustainable infrastructure in Spain as part of its investment strategy for climate funds. Through these investments, BBVA is contributing to the decarbonization of the planet.

26 Jun 2023

BBVA Asset Management published its first report on environmental activity, based on the recommendations of the Task Force on Climate Financial Disclosures (TCFD). It is the first Spanish asset manager to make this commitment to transparency. The report includes the environmental progress of the asset management area and incorporates information on the risks and opportunities associated with climate change.

19 Jun 2023

16 Jun 2023

BBVA Asset Management (BBVA AM) has announced the winners of the fifth BBVA Sustainable Future Solidarity Call for Proposals, which distributes a total of one million euros among 23 NGOs throughout Spain. Their solidarity projects are framed within the areas of social inclusion, dependency, the elderly and health, and the environment. In these five years, BBVA AM has distributed more than €4.2 million among a total of almost 100 solidarity projects, generating a direct and indirect positive impact on more than 370,000 people.

09 Jun 2023

06 Jun 2023

05 Jun 2023

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.

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.

17 Apr 2023

12 Apr 2023

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.

22 Mar 2023

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.

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.

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.”

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.

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.

25 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?

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.

29 Aug 2022

09 Aug 2022

Around four million people have potentially benefited from the social bond that BBVA issued in 2021, in a placement that amounted to 1 billion euros. Almost 50% of the amount was allocated to the access to essential services category (health, education and financial services), followed by socioeconomic advancement and empowerment (37%), affordable basic infrastructure (12%) and affordable housing (0.6%). Such is the conclusion of the 2021 Green and Social Bonds Report just published by the bank. The document details the environmental and social impact generated by the projects and loans that have been financed with the proceeds of the green and social bonds issued by BBVA, S.A. since 2018, amounting to a total of €5 billion, of which €3 billion were green bonds and €2 billion were social bonds.

04 Aug 2022

26 Jul 2022

06 Jul 2022

BBVA and US venture capital firm Fifth Wall, are joining forces to invest in technologies that address climate change in the real estate and construction industries, which make up 40% of the global total carbon dioxide emissions.Through Fifth Wall’s Climate Fund, BBVA will invest in companies seeking decarbonization solutions that address the entire lifecycle of buildings.

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.

23 Feb 2022

Loans to wholesale, corporate and individual clients represent 71.6 percent (€61.4 billion) of the €86 billion BBVA has channeled in sustainable financing between 2018 and 2021. These loans are a fundamental part of the sustainable solutions promoted by the bank to identify the opportunities that arise from climate change and inclusive growth. The remaining 30 percent mainly comes from bond intermediation, project finance and socially  responsible investment.

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.