trending Market Intelligence /marketintelligence/en/news-insights/trending/vzem9acqktsfdthwzhmwea2 content esgSubNav
In This List

BBVA to mobilize funds for climate change, sustainable development

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


BBVA to mobilize funds for climate change, sustainable development

Banco Bilbao Vizcaya Argentaria SA pledged to mobilize €100 billion in green finance, sustainable infrastructures, social entrepreneurship and financial inclusion through 2025, as part of its climate change and sustainable development strategy.

As a part of the strategy Pledge 2025, the Spanish bank committed to mitigating its own environmental and social risks and minimizing potentially negative impacts, directly and indirectly. It will engage its stakeholders for an increased contribution from the financial sector toward sustainable development.

Effective 2025, 70% of the bank's energy used will be renewable, and it aims to reduce its direct CO2 emissions by 68% compared with 2015.

The strategy will help the bank achieve United Nations sustainability goals, and is in accordance with the Paris Agreement on Climate Change.