Sustainable Business

The bank has reached €560 million ($630 million) in committed investments in funds specializing in decarbonization. The bank now invests in eleven climate funds managed by some of the world’s leading international investment platforms, thus helping to finance projects and companies that champion the transition to a low-carbon economy.

BBVA channeled €82 billion into sustainable business in the first half of 2026. Spain accounted for approximately €26 billion of this amount. This activity allows clients to access financing and solutions for the energy transition, efficient resource use and social challenges. With this progress, the bank channeled a cumulative €216 billion toward its €700 billion target the 2025-2029 period.

Garanti BBVA has developed a new treasury solution to help companies trading with the European Union manage the carbon cost risk arising from potential price fluctuations in Carbon Border Adjustment Mechanism (CBAM¹) certificates through derivative products. As part of this initiative, Garanti BBVA introduced an early solution in Türkiye by structuring and executing a transaction to help Medcem Cement Group manage and hedge its CBAM-driven price risk. Through this innovative solution, Medcem Cement Group has gained greater predictability over its future CBAM certificate costs by managing a portion of the price risk associated with the CBAM certificates underlying the transaction today

BBVA’s sustainable business continued to grow at a strong pace in 2025. The bank channeled €134 billion, representing 44 percent growth over 2024. This figure marks an annual record for the financial institution, which aims to mobilize €700 billion between 2025 and 2029.

Achieving significant business growth and committing to ambitious climate action are not mutually exclusive, as demonstrated by the UK’s Atom bank, an app based savings and lending firm that BBVA has invested in since 2016. The bank's most recent annual Sustainability Report underscores key achievements in its commitment to becoming climate positive from 2035, notably a 22% reduction in operational emissions concurrent with a period of record balance sheet growth.

ALTÉRRA announces plans for a new $1.2bn climate co-investment vehicle with BBVA as proposed strategic LP. BBVA commits $250m¹ to the partnership reflecting the bank’s ambitions in the sustainable finance space and the expansion of its regional and international footprint. The initiative accelerates ALTÉRRA’s ambition to mobilize third-party capital at scale and expand its global network of institutional collaborators.

Sustainability is one of BBVA's strategic priorities. In 2025, the Group has carried out significant sustainable operations across its main geographies—Spain, Mexico, Türkiye, South America, and through BBVA Corporate & Investment Banking (BBVA CIB)—in line with its goal of supporting customers through their transition and generating new business opportunities around climate, natural capital, and social issues.

BBVA Consumer Finance continues making strides in its goal to promote sustainable transportation in Spain. Currently, one in ten sustainable vehicles financed by the bank is contracted through digital channels, underscoring the success of a service that combines advice, financing and a catalogue of ‘ECO’ and ‘CERO’ vehicles, sourced exclusively from official dealerships. The adoption of digital channels has surpassed initial expectations and confirms the growing interest among customers in solutions that facilitate the transition toward a more efficient mobility model.

From January to August 2025, BBVA reached €3.1 billion in agrifood business, a 69 percent increase over the same period in 2024. Of this amount, €2.09 billion corresponded to sustainable business, with 82 percent YoY growth. BBVA announced these figures at Fruit Attraction, one of the world’s top fruit and vegetable trade fairs, held this week in Madrid.

BBVA in Colombia has reached an agreement with Isagen to convert long-term finance of 368 billion pesos to sustainable loans linked to compliance with an environmental indicator. The index measures carbon emissions intensity in relation to energy generation as part of a pledge made by the power generation company to help preserve a more sustainable world.

BBVA has gained recognition from the International Finance Corporation (IFC), a member of the World Bank Group, as the first 'EDGE Champion' in the Peruvian banking industry, after certifying more than 250,000 square meters of sustainable construction built to EDGE standards.

As part of its efforts in sustainable finance, Garanti BBVA is to implement the Green Finance Specialist training course for some of its employees, in cooperation with the Green for Growth Fund (GGF) Technical Support Facility and the Renewable Energy Academy (RENAC). The course aims to increase the technical expertise of about 30 Garanti BBVA employees who work in different regions as loan officers, loan specialists and other related areas.

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.

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.

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.

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.

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.

Growing interest in sustainability across all segments of society has led to innovations in sustainable finance offerings, specifically in the world of corporate financing. Issuances of bonds linked to sustainability criteria are among the latest market developments. Analysts at BBVA Global Markets Research explain the basics and share with us their view of the product.

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.

The European Commission has published its taxonomy for sustainable finance, a classification instrument to help financial players and companies determine which activities qualify as sustainable. Investments in projects and activities that pursue the European Union’s environmental goals contribute to the transition towards a low carbon economy.

BBVA has certified as green three non-recourse factoring operations from the wind turbine manufacturer Nordex. Closed in 2019 for approximately €265 million, the operations will deduct invoices from wind turbine supplies that the Germany company will provide the builder of various wind farms.

BBVA is one of the top five European banks with the strongest commitment to sustainable finance, according to a report produced by World Resources Institute (WRI). The bank takes the top position in Europe and the third worldwide, when considered by asset size.

Green is more than a color. In our collective imagination it symbolizes nature and is associated with caring for the environment. We need a green future so the world will continue to be the place we know today and not the foreboding future as depicted by gloomy predictions. BBVA is aware of this and for years has been committed to green and social financing. In fact, it is one of the banks most recognized for its activity in sustainable financing.

BBVA reaffirms its commitment to the fight against climate change and responsible banking with the expansion of its framework for sustainable transactional products, which was published at the beginning of the year. With it, the bank seeks to make different sustainable financial solutions available to a greater number of clients.

BBVA is expanding its range of sustainable products. Starting on December 2nd, the bank will begin selling sustainable financial contracts. BBVA will invest the amount obtained from customers in companies that are considered sustainable based on certain criteria for inclusion, which will determine the green, social or sustainable nature of the investment.

BBVA has been named sustainable finance bank of the year by international magazine LatinFinance. The publication recognized the bank's performance in the region, notably the experience, creativity, and drive demonstrated by its teams as they promote sustainable finance.

Investor appetite for sustainable products has been growing exponentially in recent years.  BBVA's Global Head of Responsible Business, Antoni Ballabriga, revealed that “This year $350 million in sustainable bonds and corporate loans will be issued around the world, 30 percent more than last year, according to data from the Institute of International Finance (IIF).” During the ‘Sustainable finance in the face of environmental challenges’ forum, organized by Spain’s National Association of Economists (Consejo General de Economistas), Ballabriga stressed that “there is still a lot to be done” and “one of the current challenges is to incorporate this trend into the SME and consumer markets.”

BBVA and Pestana Hotel Group have reached a new milestone in the sustainable finance market, issuing the world’s first green bond in the hotel industry, according to the International Capital Markets Association’s (ICMA) Green Bond Principles. The €60 million bond has a maturity of 6 years and was placed among professional institutional investors.

BBVA has extended its line of green loans to cover sustainable vehicle purchases for all SMEs and freelancers who want to buy electric or hybrid cars for business purposes. This new product rounds out one of the most extensive lines of green loans in the Spanish market.

Each individual can play a part in the fight against climate change, to one degree or another. With small, daily gestures, it is possible to contribute to the conservation of the environment. Large corporations, through different debt instruments, bonds, and even specific transactions, also play a role in supporting this campaign, a campaign that concerns every corner of society. More specifically, what impact do businesses have on the environment, and what can they do to offset it?