BBVA Sustainability Projects
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
BBVA's Turkish franchise is one of the main drivers of renewable energy projects in the country.
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
BBVA financed almost €14.5 billion between April and June 2022, up 50% from the same period from the previous year. This is the quarter that has mobilized the largest amount. Moreover, since 2018, it has financed a total of almost €112 billion and thereby has exceeded half of its 2025 goal set at €200 billion.
26 Jul 2022
BBVA has implemented a comprehensive cloud-based solution that simplifies theprocess of sending and validating information, providing carbon footprint indicators andemission reduction tracking figures. It is a platform that will enable active, data-drivenmanagement of its sustainability policies.
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
BBVA has announced a 20 million dollar investment in Lowercarbon Capital, one of the few venture capital funds specializing in innovative companies in the climate change and decarbonization fields. This investment will focus specifically on the carbon capture sector.
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
Garanti BBVA, one of Turkey’s leading banks in sustainable finance, has released its 2019 - 2020 Garanti BBVA Green Bond Allocation and Impact Report, in which the bank shares details of how it allocated the proceeds of its green bond issue and reports on the impact of funded projects.
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
Both organizations have signed a memorandum of understanding (MoU) to strengthen the mobilization of financial resources in Latin America and the Caribbean and to increase cooperation to boost economic recovery in the post-COVID era.
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.
As part of its commitment to Turkey’s green transformation, Garanti BBVA Leasing and the European Bank for Reconstruction and Development (EBRD) are offering $25 million in loans to eligible companies looking to invest in sustainability.
The Meridiam infrastructure fund has enlisted the services of BBVA to finance the first project finance for electric vehicles in the world. BBVA has acted as Mandated Lead Arranger in this operation, involving the participation of seven banks and a total amount of 138 million euros.
04 Nov 2021
Banking plays a fundamental role as a financier of all productive sectors. The influence that can be exerted on the behavior of banking customers and their environmental performance, through such financing, is critical to achieving the objectives of the Paris Agreement.
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.
18 Oct 2021
BBVA and its foundations will devote a total of €550 million during the 2021-2025 period to fund social initiatives aimed at fostering inclusive growth in the countries where they are present. “This is the most ambitious social plan that we have implemented to date,” said BBVA CEO Onur Genç.
08 Oct 2021
Garanti BBVA, in collaboration with the TURMEPA association, has launched the Mavi Nefes project. An initiative aimed at raising awareness of waste disposal in the Sea of Marmara and cleaning up the waters so as to prevent marine pollution.
14 Jul 2021
On the occasion of its 30th anniversary, the European Bank for Reconstructionand Development (EBRD) recently held a conference on climate change. Ebru Dildar Edin, Executive Vice President of Garanti BBVA explained how the BBVA Turkish Unit’s climate related strategic decision have helped itstrengthen its position against eventual crises.
08 Jul 2021
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
Emre Hatem, Director of Investment Banking and Finance at Garanti BBVA, took part in a webinar organized by The Bosphorus Energy Club in collaboration with PwC on Turkey’s readiness for the European Green Deal, the Paris Agreement and environmental, social and governance criteria (ESG).
06 May 2021
19 Apr 2021
BBVA joins the European Clean Hydrogen Alliance, which aims to promote the extension and development of the use of green hydrogen for a carbon-neutral Europe by 2050. BBVA is the only Spanish bank in this alliance promoted by the European Commission.
08 Apr 2021
BBVA has fulfilled its commitment to offer a sustainable alternative for its products in Spain - both for individuals and companies. The wide range of sustainable solutions is designed to respond to society’s growing demand and to help customers make the best financial decisions that also help the environment.
29 Mar 2021
Global Finance has named Garanti BBVA the Best Investment Bank in Turkey for the fourth time in the last five years.
26 Mar 2021
Garanti BBVA reaffirms its commitment against climate change and announces that it will stop financing coal-related activities.