Water Management

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.

Droughts are abnormally dry periods, in which multiple factors are involved and which have important consequences for the environment and societies. An estimated 55 million people are directly affected by droughts every year, and they could harm as many as three out of four people worldwide by 2050, according to the UN. BBVA delves into this complex phenomenon in the new report 'Cuando falta el agua: claves para hacer frente a la sequía' (When water is scarce: keys to face drought).

Türkiye's Garanti BBVA is partnering with the DenizTemiz Association / TURMEPA in the joint Blue Breath project, in a bid to mitigate marine pollution. The initiative has recovered 30 tons of waste over a six-month period from the Sea of Marmara.

Garanti BBVA Executive Vice President Ebru Dildar Edin, who attended the event to speak for the Turkish banking industry, was a member of the panel on "Financing Water Solutions and Programs Based on Innovative Science and Green Technology"

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.

It is a known fact that water is the source of life, and survival depends on its constant cycle. The United Nation’s sixth Sustainable Development Goal (SDG) recognizes the fundamental right to water and sanitation, establishing that every human has the right to between 50 and 100 liters (13 to 26 gallons) of safe and affordable water per day at a distance of less than 1,000 meters (just over half a mile) – or a half hour – from their home. BBVA is also contributing to the fulfillment of this SDG with its ‘Pledge 2025’ specifically with activity aimed at saving water and raising awareness about the responsible use of this life-giving resource.

Chemist Omar Yaghi has won the BBVA Foundation Frontiers of Knowledge Award in the Basic Sciences category, for his pioneering work in developing materials that can capture and store carbon dioxide, harvest water from atmospheric vapor in the desert, or produce clean, hydrogen-based fuels.