BBVA achieved an overall score of 84 out of 100. The financial entity achieved 84 points in the economic and corporate governance dimension. 70 points in the environment; y 89 in social. Moreover, it has achieved Maximum score (100 points) In different areas it was evaluated: Transparency and reporting; tax strategy; human rights; And the relationship with the client.
“To be recognized as the most sustainable bank in Europe For four consecutive years, according to the Global Sustainability Benchmark Index It is a milestone for us. At BBVA we intend to accompany our clients and help them in their lives shift towards sustainability, As well as promoting inclusive growth in the communities in which we work. On this road towards A Green transformation y justice We have an essential role as mediators. We are not the heroes, but our role is crucial to accompany the entire economy on its way Carbon removalsaid Javier Rodriguez Soler, Director of Sustainability and CIB Region at BBVA.
this year, More than 13,000 companies They were invited to participate in Standard & Poor’s Global Corporate Sustainability Assessment (CSA). More than 3,400 companies responded to a survey consisting of more than a hundred questions on environmental, social and governance (ESG) issues.
Only 10% of companies Each sector that received the best scores in this analysis is selected to be part of the index. The rating agency S&P determines the inclusion of companies in this Dow Jones Sustainability Index.
BBVA and its commitment to sustainability
I put BBVA Sustainability is at the heart of your business And he is one of him Six strategic priorities To face three major challenges: combating climate change, Preserving natural capital H Drive inclusive growth.
In 2022 BBVA has raised its sustainable business mobilization target to €300,000 million In the period 2018-2025, three times its initial target.
In climate action, BBVA continues to take steps towards carbon neutrality in 2050, Not only in its own emissions but also in customers’ emissions. On the one hand, It will stop financing coal companies In 2030 in developed countries and in 2040 globally, under the conditions stipulated in their environmental and social framework. In addition, it has set intermediate targets to decarbonise its portfolio in CO2-intensive industries before 2030: oil and gas, power generation, automotive, steel and cement.
For this part, BBVA Peru It is again included in the DJSI MILA Pacific Alliance. It is the only bank in Peru that appears in the aforementioned index.
