BBVA and Malta Inc. (“Malta”), a pioneering company in electro-thermal long-duration energy storage solutions, whose corporate goals align with the advancement of decarbonization using innovative cleantech, have signed a Memorandum of Understanding (MOU). This agreement lays the groundwork for a strategic partnership aimed at developing innovative financial solutions to support the deployment in the Iberian Peninsula of Malta’s first-of-a-kind (FOAK) energy storage project. It´s a pioneering cleantech collaboration announced at Breakthrough Energy Summit in London
Sustainability
Sustainability
The role of banking is fundamental as a funder of all productive sectors. In addition, it plays a key role by channeling funds toward activities that contribute to decarbonization, and due to the influence that can be exerted on the behavior of banking customers and their environmental performance, through such financing, in order to achieve the objectives of the Paris Agreement.
BBVA publishes intermediate emission reduction targets for the real estate and aluminum sectors
BBVA widens its sustainable business with a global finance unit that will focus on cleantech innovation, announced BBVA Chair Carlos Torres Vila at the 3rd BBVA Sustainability Forum, held Thursday at the bank's headquarters in Madrid. The specialized team, based in New York, London and Madrid, will offer lending and advisory services.
Antoni Ballabriga
Global Head Sustainability Intelligence & Advocacy at BBVA
BBVA Chair Carlos Torres Vila spoke on Monday on Spain's opportunity to lead investment in the clean technologies required for the decarbonization of the economy. In his view, if the implementation of the EU Net-Zero Industry Act is ambitious in Spain, the country’s leading innovative companies will be able to invest in cleantech and place it in a better position compared to its European peers.
Seray İmer, Head of Sustainability at Garanti BBVA, recently took part in a ‘Sustainable Future’ show on Bloomberg HT TV, where she outlined Garanti BBVA’s key commitments and targets for a less polluted world.
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We traveled to Monterrey in Mexico to talk to Nemak, a leader in lightweighting solutions for the global automotive industry and the growth of sustainable mobility.
Garanti BBVA announced the renewal of its sustainable syndicated loan. The bank plans to use the loan to finance foreign trade, for general corporate purposes, and to further its commitment to finance investments that support the transition to a low carbon economy. Indexed to sustainable criteria, Garanti BBVA was the first bank in the world to launch a syndicated sustainable loan in 2020.
BBVA will issue a total amount of $50 million and the resources will be used to finance projects focusing on reforestation, the regeneration of natural forests on degraded land, mangrove conservation or restoration, climate-smart agriculture, and wildlife habitat restoration, among others.
BBVA has received the 'Alcance 3.0' award for the 'Best Comprehensive Scope 3 Emissions Reduction Strategy'. This award, presented by the CPOnet Group, recognizes the efforts of organizations that help reduce emissions in their value chain: suppliers, customers, employees, partners, shareholders and society.
The challenge of diversity is one of the key transformation pillars for any company. In the case of BBVA, ensuring a diverse workplace, in the broadest sense of the term, allows the company to better address the needs of its diverse customer base and offer a more comprehensive service.
Wind turbines in hard-to-reach areas or solar panels located in large semi-desert regions. How do we monitor these facilities without having to move human teams to remote areas?
Garanti BBVA recently held its fifth ‘Sustainable Future in Exports’ meeting in Adana, Türkiye, a hub for Turkish exports. The bank is organizing the series of meetings to encourage foreign investment in the country and boost Türkiye’s export sector in the framework of the European Green Deal. The event brought together renowned leaders and experts in the field who offered their economic analysis and insights on possible sustainable solutions.
“In recent years, we have been increasing our business in key sectors while reducing their emissions,” said the Global Head of Sustainability and CIB at BBVA, Javier Rodríguez Soler. “We set decarbonization targets for eight key sectors and are reducing the absolute and relative emissions of these sectors. And we are doing so while increasing our financing business with these clients,” he stated at the Institute of International Finance (IIF) European Summit in Paris.
The new Salt exhibition, ‘Hava Dair’ (About the Air) aims to give life to the social and environmental aspects of air pollution through a series of different experiments. The exhibition, which is sponsored by Garanti BBVA, was designed by the Milan-based design studio 2050+ for Salt's Beyoğlu location. It can be visited free of charge until August 18th.
Garanti BBVA International, a Garanti BBVA subsidiary known for its ongoing sustainable financing initiatives, has reached an agreement with Kordsa Teknik Tekstil A.Ş. (Kordsa) for a $50 million sustainable loan.