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.
