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.
Sustainability
Sustainability
BBVA mobilized €20 billion in sustainable business in the first quarter of 2024, up 41 percent on the same period last year. The bank is now ahead of the curve in achieving its goal of mobilizing €300 billion between 2018 and 2025, having already reached €226 billion. Of this figure, 77 percent will go toward combating climate change and 23 percent to promoting inclusive growth.
Clean technologies, also known as 'cleantech', are technologies that contribute to sustainability and care for the environment. This includes emissions reduction, biodiversity protection and water treatment.
In this episode of BBVA Greenfluencers, Dharel Patel, Head of Environment & Sustainability at National Express, tells us how Mobico (National Express) is leading the process of accelerating the decarbonization of transport and supporting cities in the UK to become more sustainable and environmentally friendly.
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Esther Duflo is an economist known for her pioneering work in the field of the economics of development and the fight against poverty. In 2019, she received the Nobel Prize in Economics, making her the second woman in history to win this prestigious award, and the youngest to date.
The BBVA Foundation Frontiers of Knowledge Award in the Humanities and Social Sciences category goes to American psychologist Elke Weber in recognition of her research into “environmental decision-making and human responses to climate change.” Weber was the first psychologist to join the IPCC, a group of experts to which she brought her knowledge of decision-making theory.
Once again, BBVA has been busy promoting sustainability training among 418 of its suppliers and SME customers across 13 countries in which it operates. A total of 552 people will soon be taking part in the UN Global Compact Sustainable Suppliers Training Programme, of whom 59% (326) are women.
We are immersed in an exciting era of unprecedented transformation in economic history. Two global macro trends will change the economy and industry as we know it in the coming years: first, technological disruption driven by advances in artificial intelligence; secondly, decarbonization. These emerging megatrends will transform business models in all sectors and provide an unprecedented opportunity for innovation and entrepreneurship.
“Decarbonization is a technological revolution that requires innovation and financing. Its scope is global and it will affect all industries and sectors,” said Antonio Bravo, Global Head of Sustainability Strategy and CIB at BBVA. In the framework of the Energy Tech Summit, which ended yesterday in Bilbao, Bravo emphasized “the key role” of financing new clean technologies. “BBVA is committed to financing cleantech to facilitate its growth on an industrial scale,” he stressed.
In this new episode of BBVA Greenfluencers, Emmanuel Normant, Vice President of Sustainable Development at Saint-Gobain, tells us how the legendary company applies sustainability in its business strategy and how they act against climate change.