Sustainable Development Goals
14 Mar 2019
BBVA has released its updated financing policy addressing sectors that have a serious environmental or social impact. The main change to the policy is the inclusion of more limits and a tightening of restrictions for the mining, energy, infrastructure, and agribusiness sectors. In addition, the updated policy provides clear guidance on the management of clients and business activities related to these industries. The transportation of tar sands has been explicitly added to list of prohibited activities.
13 Mar 2019
According to the World Economic Forum, 65 percent of children who enroll in primary school today will have jobs that don’t currently exist. This is why on January 25, twenty large corporations announced their commitment to team up through 2022 with the goal of helping young people develop the skills that will make them more employable. BBVA is among the companies that have signed up to this cause, committing to reach 500,000 young people with its various training programs. The initiative is the Global Alliance for YOUth. Lidia del Pozo, BBVA’s Director of Community Investment Programs, delves into some of the key aspects of this initiative.
11 Mar 2019
In 2019, the Business 20 (B20) – considered to be the private sector’s voice of the G20 – is seeking to showcase innovative projects that contribute to the fulfillment of the United Nations’ Sustainable Development Goals (SDGs). To this end, business members of this advisory body to the G20 have submitted proposals for projects that make a significant social impact. BBVA is the only Spanish bank whose five project submissions are among those selected.
08 Mar 2019
International Women’s Day is celebrated every year on March 8th. For this reason, in this video and under the hashtag #BBVASomosTodas, different women working at BBVA talk about women’s role in society. Their testimony is proof of just how much women have accomplished, but should also make us reflect on the issues that still need to be addressed in order to come up with possible solutions. They all agree that women still have a long way to go, and will face both opportunities and challenges along the way.
06 Mar 2019
The Climate Bonds Initiative recognized BBVA for its global leadership, best practices and innovation in the field of sustainable financing at the 2019 Green Bond Pioneer Awards. The bank received three awards for the publication of its framework for sustainable bonds tied to the UN Sustainable Development Goals (SDGs); for being the first financial issuer of a green bond in Spain; and for issuing the first green bond from a financial institution in Mexico.
04 Mar 2019
BBVA and Gestamp have restructured an existing €280 million revolving credit facility, changing the terms so it qualifies as a sustainable operation and increasing the total value to €325 million. With this operation, the multi-national engineering company dedicated to the design, development, and manufacturing of metal components for the automotive industry becomes the first in its sector to be certified by the environmental consulting firm Vigeo-Eiris for closing a financing deal of this kind. BBVA acted as the deal’s sustainability coordinator.
11 Feb 2019
The European Commission has warmly received the Principles for Responsible Banking. The vice president of the European Commission applauded this UN-sponsored initiative, which BBVA has actively championed since its inception. “It is truly encouraging to witness this initiative. Now is the time to implement them and truly scale up in sustainable finance. We need European banks to lead the way,” explained Valdis Dombrovskis, vice president of the European Commission, at a European Banking Federation forum held on February 5 in Brussels.
13 Dec 2018
AENA and a group of banks led by BBVA have closed an €800 million ESG-linked revolving credit facility (an “ESG-linked RCF”). With this sustainable credit facility – intended to fund general corporate needs – AENA becomes the world’s first airport operator to resort to this type of funding arrangement. BBVA led the transaction as lead arranger and sustainable facility agent.
10 Dec 2018
04 Dec 2018
BBVA joined ING, BNP Paribas, Société Générale and Standard Chartered in a joint commitment to adapt their lending portfolio to the Paris Agreement on Climate Change. In an open letter to the global leaders and heads of state currently meeting at the 24th session of Conference of Parties to the United Nations Framework Convention on Climate Change (COP24) in Katowice (Poland), these banks committed to finance and design financial services that are needed to support clients as they transition to a low carbon economy.
03 Dec 2018
The Principles for Responsible Banking were announced in Paris on November 26. BBVA is one of the founding banks involved in this initiative, which forms a part of the United Nations Environmental Programme.
Emilio Martín-More Coloma
Sustainability Lead, BBVA
30 Nov 2018
The UN Climate Change Conference, held at the UN’s annual Conference of the Parties (COP), are international meetings that aim to negotiate and and agree the activities that need to be addressed by global climate policy. On the heels of the announcement in Paris of its participation in the UN’s Principles for Responsible Banking, BBVA also joins this global initiative for a sustainable future.
The Principles for Responsible Banking were presented in Paris on November 26. These principles are the result of a joint initiative comprising 28 financial institutions and the United Nations that aims to take on the climate change and sustainability challenges facing society today.
27 Nov 2018
Under the auspices of the United Nations (UN), Garanti joined 27 other global banks at the presentation of the Principles for Responsible Banking in Paris. BBVA owns a 49.85% stake of Garanti – the only Turkish bank participating in this global initiative.
26 Nov 2018
BBVA joined in launching the Principles for Responsible Banking at the United Nations Environment Programme Finance Initiative (UNEP FI) global roundtable in Paris. “With these Principles for Responsible Banking, we are redefining banking’s role in society in order to generate a positive impact on people’s lives,” BBVA’s CEO Carlos Torres Vila stated.
25 Nov 2018
BBVA joins the International Day for the Elimination of Violence against Women and will lit up its Corporate Headquarters to support all women that suffer gender-based violence.
15 Oct 2018
For Sandra Mendoza, the Colombian entrepreneur served by the BBVA Microfinance Foundation, there is no question: “Sexism is the biggest barrier to overcome in rural areas.” This is also how she describes what it’s like to be a woman living in the countryside. At an event held in honor of the International Day of Rural Women, both she and Manuela Gómez, a Spanish entrepreneur from the Federation of Rural Women Associations (FADEMUR), spoke of a reality they know firsthand, despite the 5,000 miles that separate them.
11 Oct 2018
A two degree limit on the rise of the earth’s temperature will not be enough to prevent the catastrophic effects of climate change. Extraordinary measures are therefore required to contain global warming, capping the increase to a maximum of 1.5 degrees before 2050. This is one of the main conclusions delivered by Peter Newman, professor of sustainability at Curtin University in Perth (Australia) during the opening session “Facing Climate Change” sponsored by BBVA and the Fundació Catalunya Europa.
05 Oct 2018
For the second year in a row, BBVA has been named among the 200 companies in the world most advanced in gender equality, according to the Gender Equality Global Report & Ranking. The ranking is carried out annually by Equileap, an organization created with the goal of promoting progress in gender equality on a corporate level.
04 Oct 2018
Leading financial education experts and researchers gathered together in Buenos Aires to attend the second edition of the BBVA EduFin Summit. Over the course of two days, guests discussed the importance of financial literacy as a lever to promote the achievement of the UN Sustainable Development Goals. The 200 participants shared success stories and examples to illustrate progress and to underline the challenges that the sector is facing.
03 Oct 2018
BBVA’s CEO, Carlos Torres Vila, has spoken of the great impact entrepreneurs bring to society at the opening of Spain’s biggest startup conference.
28 Sep 2018
The best way to close a distance is to eliminate it. This is what is required if distance is what prevents one in every four financially excluded people from opening a bank account. The World Bank indicates that technology may play a key role in making financial inclusion a viable reality for everyone, which is why digital transformation is part of BBVA Microfinance Foundation’s DNA. The Foundation aims to reach more people, regardless of how far away they live, and to provide assistance as efficiently and quickly as possible.
29 Aug 2018
Almost a year after BBVA adopted the Rooney Rule for coverage of key roles, the results are being to show. According to figures from July 2018, 11 months after the adoption of the measure, almost 40 percent those named to key roles at the bank have been women. The rule was recently extended to recruitment processes for executives, as well. This and other measures demonstrate BBVA’s commitment to fostering diversity and inclusion within the organization.
10 Aug 2018
Marcos, Marcela, Lucy, Juan, Adelaida, and Luz are not six names just pulled from a hat. They are six Latin American entrepreneurs who are getting ahead using small loans, savings, and microinsurance that protects what they are building. They are six of the 2 million people served by the BBVA Microfinance Foundation (BBVAMF).
16 Jul 2018
The BBVA Center for Financial Education and Capability has selected the winning projects in its first Call for Expressions of Interest (EOI). The projects stand out because of their innovative nature and offer solutions to the challenges of financial education on a global level.
12 Jul 2018
BBVA CEO Carlos Torres Vila got a first-hand glimpse into the level of progress that the BBVA Microfinance Foundation’s digital strategy is enabling. Bancamía, the Foundation’s lending arm in the country, is managing to reach more and more customers who, until recently, had struggled to access financing as a result of the digital divide. BBVA’s CEO learned about two of the entrepreneurs backed by the institution and how microcredits have afforded them new opportunities to pursue a brighter future.
28 Jun 2018
BBVA’s Group Executive Chairman was in Barcelona to participate in the forum, ‘Education in the Digital Age’, organized by OpenMind and the Spanish daily newspaper La Vanguardia. During his participation, Francisco González stressed the importance of education and underscored the need for new policies and standards to foster the fulfillment of the significant opportunities of the digital age.
Scattered across BBVA City, there are over 50,000 sensors measuring everything from temperature and humidity, to brightness and motion. They were installed to ensure the proper running order of the facilities and employee comfort, but the engineers managing the building have found other ways of harnessing their capabilities to their full potential. By developing several algorithms capable of factoring in the readings they provide and additional data from external sources, they were able to achieve energy savings equivalent to the annual consumption of 200 households.
20 Jun 2018
BBVA has joined RE100, a collaborative, global initiative uniting the world’s most influential businesses committed to sourcing 100% of their power consumption from renewable sources before 2050. In doing so, businesses convey a powerful message to policymakers and investors: We need to expedite the transition towards a zero-emissions economy.
30 May 2018
Reducing the impact of its business on the environment is one of the strategic goals of BBVA in the fight against climate change and in driving sustainable development. To meet this challenge, BBVA has 15 buildings that have received the renowned LEED Gold and Platinum certificates as sustainable and efficient constructions that respect the environment.
22 May 2018
“Sun-dried organic banana, a little bit of butter, sugar, guava jam…” Step by step, Diana Céspedes recited one of the recipes that she and other 16 women know by heart. They’ve already executed the same procedure a million times, but today, it has to be perfect because it’s not everyday that they welcome a queen.
16 May 2018
The growing importance of sustainable finance in the global agenda, as one of the key elements to meet the United Nations Sustainable Development Goals (SDG) and the Paris Agreement on Climate change. This was the content of the debate of the second panel of the BBVA Sustainable Finance Forum, an event that convened in Madrid business leaders, investors and institutional representatives.
09 May 2018
BBVA opened its headquarters in Madrid to welcome investors, business leaders, public and private institutions and the media, to an event aimed at promoting sustainable development and the fight against climate change. During the first edition of the ‘BBVA Sustainable Finance Forum,’ Group Executive Chairman Francisco González explained the reason for the meeting: “Banks need to help customers drive sustainable development and transition towards a low-carbon economy. At BBVA, we want to be the catalysts of this change.” Francisco González opened the event alongside Soraya Sáenz de Santamaría, Vice-President of the Government of Spain.
03 May 2018
BBVA today tapped the markets, issuing the largest ever green bond (€1 billion) by a eurozone financial institution. The 7-year non-preferred senior green bond makes BBVA the first Spanish bank to issue such debt instrument. High demand -three times higher than the bond’s value– allowed it to lower the price to mid-swap plus 80 basis points.
26 Apr 2018
Sixteen international banks convened by the United Nations jointly published a first version of the methodology to provide banking greater transparency and advance a better understanding of the management of risks and opportunities related to climate change. BBVA is one of the institutions participating in the project.
23 Apr 2018
As flagged in the announcement of its strategy for climate change and sustainable development in its contribution to the United Nations Sustainable Development Goals, BBVA has unveiled its framework for the issue of SDG-linked sustainable bonds.
05 Apr 2018
Renovalia is the first company to secure a ‘green project finance’ loan to fund the development of a renewable energy project in Spain. BBVA acted as ‘green loan coordinator’ of this €74 million facility, which will allow the company to fund Project Wind, which envisages the construction of two wind farms, one in Lleida and one in Barcelona, with 70 MW of combined installed capacity.
02 Apr 2018
22 Mar 2018
One more year, BBVA will join Earth Hour: A campaign promoted by the World Wildlife Fund (WWF) that has blossomed into a worldwide movement in the fight against climate change.
13 Mar 2018
If the transition to sustainable finance is to be possible, society needs a committed business community that is aware of the environmental challenges, knows how to take advantage of the opportunities provided by green financial solutions and participates actively in the debate. This was one of the main conclusions to emerge from the recent breakfast meeting “Sustainable Finance: solutions for a green economy”, organized by Grupo Español para el Crecimiento Verde (the Spanish Green Growth Group) and BBVA, which took place in the Bank’s headquarters.
08 Mar 2018
Astrid, Adelaida and Arancha are three very different women. They live thousands of miles apart. In different countries, different continents. Their work is also completely unrelated: livestock breeding in Colombia, a store in Panama and mobile app development in Spain. However, there is one thing that these three women have in common: all of them, at one point in their lives, decided to start their own businesses to support their families or make an idea come true. The three also think that, in their case, being a woman worked more to their advantage than against it. We brought them together so that they could share their story with us.
06 Mar 2018
“New York is overrated. What I’m drawn to is Hong Kong, Thailand and the Moroccan desert”. That’s Jessica Hernández’s take on things. Jessica is 28 and lives in Soacha, a modest town in the outskirts of Bogota. She travelled to New York to tell her story to the UN and there she met another fearless girl in the shape of Kristen Visbal’s sculpture, which since March 8 has been locking horns with the bull on Wall Street.
28 Feb 2018
- Bond issues: Based on the Green Bond Principles, within the Social Bond Principles and the Sustainable Bond Guidelines of the ICMA, the bank will also publish the framework linked to the Sustainable Development Goals required for the issue of its own sustainable bonds
- First Spanish bank to commit to the Science Based Targets Initiative to certify that emission goals are consistent with the decarbonization level required to meet the 2ºC goal set for 2050
- Renewable power pledge: BBVA has pledged to deliver 70 percent of its energy consumption with renewable sources by 2025, and to cut its CO2 emissions by 68 percent
- Fossil fuels: In line with its commitment to transparency, the bank reveals its total exposure to fossil fuels as 3.4 percent of its total assets
21 Feb 2018
Sixty per cent of Spaniards look for health-related information online, but only one third of themtrust their search results. This figure is in stark contrast with the level of trust that is placed on thepersonal advice provided by health professionals, about 92%. To address this demand for reliableonline information, Hospital Clínic of Barcelona and the BBVA Foundation have created PortalCLÍNIC.
16 Feb 2018
Immunotherapies are treatments that aim to stimulate the immune system to fight cancer. The strategy has proven quite effective against some tumors – including melanoma or lung cancer – but inefficient against many others. A team headed by ICREA researcher Eduard Batlle and funded by the BBVA Foundation has discovered why and proven that it can also be used against colon cancer.
15 Feb 2018
Garanti Bank is recognized internationally with its practices in gender equality and once again included in the Bloomberg Gender Equality Index. Through its numerous practices and initiatives for ensuring gender equality within its human resources as well as its activities directed to customers and the community, Garanti is the only company to be included in the index from Turkey.
30 Jan 2018
U.S. researcher James P. Allison has won the BBVA Foundation’s Frontiers of Knowledge award for developing the first highly effective immunotherapy treatment against cancer. Allison´s work has enabled the development of a new class of drugs that employ the immune system to fight cancer, and which have already provided clinical benefits to thousands of patients.
24 Jan 2018
BBVA has been selected to join the Bloomberg Gender Equality Index 2018, which recognizes companies’ achievements in gender equality policies, both regarding their employees and in support of social initiatives, along with their offering of products and services that prioritize this commitment. Garanti Bank, part of the BBVA Group, has also been included in the index.