11 Oct 2022
BBVA invests 10 million euros in the world's largest clean hydrogen infrastructure fund financing the whole hydrogen value chain scale up. This is a strategic investment for BBVA, as hydrogen is shaping up to be a possible solution to decarbonize the most emission-intensive sectors of the economy.
31 May 2022
Garanti BBVA acted as main sponsor of Harvard Business Review Turkey's Sustainability Summit held last week, where business leaders and experts discussed various approaches to understanding, internalizing and focusing on sustainability.
27 Apr 2022
BBVA's environmental footprint has decreased considerably in the past two years. In 2021, energy consumption per employee was 14% lower than in 2019, water consumption was 5% lower and paper consumption was 32% lower. Net waste per employee dropped by 52% over the same period.
07 Mar 2022
In 2021, 79 percent of energy consumption at BBVA's facilities around the world came from renewable sources, surpassing the 70 percent target set in its 2025 Pledge on direct environmental impacts. The bank has also managed to reduce its direct CO2 emissions worldwide by 67.5 percent compared to 2015, very close to the 68 percent target set for 2025.
12 Nov 2021
BBVA Chairman Carlos Torres Vila, met this Thursday at the bank's headquarters in Madrid with the President of the Inter-American Development Bank (IDB), Mauricio Claver-Carone. This meeting is part of a series of working meetings that representatives of BBVA and the BBVA Microfinance Foundation will hold with members of the IDB. Sustainability was one of the issues on the agenda, in particular, support for the decarbonization of emerging countries, and especially in Latin America, as well as financial inclusion and the promotion of foreign investment in the region.
02 Nov 2021
Emerging economies should join the journey toward decarbonization. Their role in this challenge is a critical one, stressed Javier Rodríguez Soler, the Global Head of Sustainability at BBVA while speaking at the COP Talks. His panel focused on the impact of sustainable investments in emerging economies in the framework of COP26 in Glasgow.
28 Oct 2021
The CEO Climate Alliance of the World Economic Forum (WEF), of which Carlos Torres Vila is a member in his capacity as BBVA Chairman, is urging world leaders to take decisive climate action. In an open letter addressed to world leaders, the Alliance calls on world leaders to use the unique opportunity afforded by COP26 to “do more together” and create a better world for “people today and for generations to come”.
14 Oct 2021
BBVA has become the first financial institution to join the SME Climate Hub, a global initiative launched to help small and medium-sized companies to adopt sustainable measures as part of their activities to achieve the most ambitious target set in the Paris Agreement: Net-zero greenhouse gas emissions by 2050. Through this alliance, BBVA, recognizing the pivotal role that small and medium-sized companies play in decarbonizing the planet, will support and finance these businesses in their eco-transition process.
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.
30 Sep 2021
BBVA, together with over 600 businesses from across the globe, signs an open letter to G20 leaders demanding more mobilization and ambition in the “the path to sustainable economic growth and shared prosperity.” The letter also urges them to go all in to at least halve emissions of G20 member countries by 2030. They also recognize the “great opportunities to be harnessed through a carefully managed transition.”
03 Sep 2021
The BBVA unit thus becomes the first and only Turkish bank to join the Net-Zero Banking Alliance (NZBA), which was launched in April by the United Nations Environment Programme Finance Initiative (UNEP-FI).
02 Jun 2021
BBVA reinforces its commitment to reducing the risks of climate change and joins PCAF (Partnership for Carbon Accounting Financials), an alliance that enables financial institutions to assess and disclose the greenhouse gas (GHG) emissions of loans and investments.
21 Apr 2021
BBVA has joined the Net-Zero Banking Alliance (NZBA) as one of the 43 founding members. Banks in this international alliance commit to ensuring that all of their credit and investment portfolios are neutral in net emissions of greenhouse gases by 2050, in line with science and the most ambitious targets in the Paris Agreement. In addition, the direct impact of their activities must also be neutral - something that BBVA already achieved in 2020.
25 Mar 2021
Citizens, companies, city councils and institutions from all over the world will turn off the lights this Saturday, March 27 for Earth Hour to fight against climate change and the loss of biodiversity. Since 2007, BBVA has participated in this initiative organized by the World Wide Fund for Nature, shutting down corporate headquarters and buildings distributed throughout all the geographies where the bank is present.
14 Dec 2020
“When you hear sustainability, you think: too big. When you feel like you should do something, you think: too complicated. Now think about who could help you make better decisions, and that's where we come in. So that what you save yourself, saves the planet. So that we can keep moving forward without leaving anyone behind. So when you hear sustainability you think: opportunities.´”
04 Dec 2020
BBVA Global Head of Responsible Business Antoni Ballabriga, speaking at a webinar on decarbonization and the financial sector, pointed at the sustainable mobilization of the economy as a whole as the most pressing challenge facing the financial sector, and noted that, in this effort, "it is essential to accompany clients with sustainable financial solutions and advice."
14 Nov 2020
BBVA has ranked first among European banks 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 largest companies by market cap. The BBVA Group also took second place in the world ranking. The announcement was made on Friday, at the closing of the stock market in New York.
01 Oct 2020
25 Sep 2020
BBVA illuminated the main building at its company headquarters in Madrid—La Vela—to mark the fifth anniversary of the launching of the Sustainable Development Goals (SDGs). BBVA opted for the color blue of the United Nations flag to commemorate the date on which 193 countries adopted the 2030 Agenda at UN headquarters in New York.
22 Sep 2020
More than a third of the global banking industry has signed the Principles for Responsible Banking, which this month celebrates its one-year anniversary. This milestone demonstrates the sector’s commitment to sustainability and aligning its business activity to the promises made in the Paris Agreement and the UN’s Sustainable Development Goals.
21 Sep 2020
Today, international banks BBVA, BNP Paribas, ING, Société Générale and Standard Chartered (also known as ‘the Katowice Banks’) published a report on the application of the PACTA methodology, designed to steer their credit portfolios towards the objective of the Paris Climate Agreement. This report aims at helping banking peers to quickly understand and apply this methodology and thus publish comparable results.
14 Sep 2020
BBVA and Grupo Piñero agreed three sustainable bilateral financing deals on behalf of Levantur. These are the first sustainable bilateral loans to be guaranteed by Spain’s Official Institute of Credit (ICO). The Spanish tourist Group will use the financing for liquidity and working capital needs arising from the economic impact caused by the COVID-19 pandemic.
08 Sep 2020
- BBVA invested €40.6 million in sustainable and social programs in Latin America in 2019
- In its 13 years of service, the BBVA Microfinance Foundation has helped more than five million people
- BBVA delivers innovative financial education programs in Mexico
- BBVA Argentina is the first private bank to launch a line of personal eco-loans
- BBVA in Colombia closes a line of green guarantees to build the Bogota metro
- In Peru, BBVA leads the way in using the Environmental Ministry’s carbon footprint tool
- Sustainable finance in the region: BBVA, breaking new ground with deals in the wholesale market
04 Sep 2020
BBVA and the Korean energy company, SK Innovation, have signed a working capital loan of €100 million to expand the company’s electric vehicle battery manufacturing facilities in Europe. This transaction is the first working capital loan certified by BBVA in Asia in compliance with its sustainable transaction banking framework.
17 Aug 2020
The bank — which has committed to securing €100 billion in sustainable financing between 2018 and 2025 as part of its contribution in the fight against climate change — reached 40 percent of its sustainable financing target in June 2020. This figure includes transactions in green and social financing (62 percent of the total), social entrepreneurism and financial inclusion (13 percent), sustainable infrastructure and agribusiness (11 percent), and other sustainable sources (14 percent).
22 Jul 2020
BBVA and Acerinox make history by closing the first sustainable transaction in the steel industry in Spain. The deal, a bilateral loan totaling €80 million with a maturity of five years, is intended to partially finance the Acerinox acquisition of VDM Metals.
14 Jul 2020
A bond is a debt instrument that companies issue in capital markets to attract financing from institutional investors (for example, investment funds). Banks also issue debt: it is a way of obtaining funds that they later use to grant loans to their clients. Along with customer deposits, issuances are, for banks, an additional source of financing to carry out their activity.
26 Jun 2020
The projects financed with green bonds issued by BBVA in 2018 and 2019 avoided a total of 724.000 tons in CO2eq atmospheric emissions, almost three times than the previous year. This amount is equivalent to what more than 285,000 cars emit in one year, thus contributing to reduce the carbon footprint. This is one of the key takeaways of BBVA’s green bond report.
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.