BBVA Chair Carlos Torres Vila stated that "the investment necessary for the economy to function without emissions must make economic sense, since a large part of it will come from the private sector." At a round table hosted by UNEP FI in Madrid, he stressed that "decarbonization will occur when investments in emerging green technologies prove profitable."
Sustainability
Sustainability
BBVA has invested 25 million dollars in a new round of financing from the venture capital fund Lowercarbon, which specializes in decarbonization. This new investment, added to a previous one of 20 million reaching a total of 45 million, will be allocated to disruptive solutions with enormous potential, including new technology based on nuclear fusion.
The bank has launched an educational video channel aimed at children to supplement the shows shown on Learn together 2030 KIDS. The new proposition will target channels that cater to young audiences (YouTube Kids, TikTok, Instagram), with enticing content based on the Sustainable Development Goals
In the last year, the bank has stepped up its efforts to improve the wellness and health of its employees. These initiatives are already proving their worth by helping employees in areas as wide-ranging as sleep quality, early detection of genetic diseases and mental health.
BBVA plans to invest in Suma Capital’s 3rd Sustainable Investment Fund, which specializes in the energy transition, the circular economy and in particular waste management for energy production: biogas and biomethane. The financial institution is investing in this reference fund for sustainable infrastructure in Spain as part of its investment strategy for climate funds. Through these investments, BBVA is contributing to the decarbonization of the planet.
The bank extends leave to its employees to care for sick family members, to accompany a partner in prenatal check-ups, to take young children in their first week of school, pregnancy protection measures to care for children or adoption and foster care processes. These are some of the improvements incorporated in BBVA's new Equality Plan, which also includes protocols against harassment in the workplace and non-discrimination of the LGTBI community.
Only 59.5% of LGBTI+ people are visible in the workplace. This was made known by the Federación Estatal de Lesbianas, Gais, Trans, Bisexuales, Intersexuales y más (FELGTBI+) at the talk on 'Family diversity and its visibility in the workplace' held in conjunction with BBVA on the occasion of International LGBTI+ Pride Day.
World Meteorological Organization (WMO) experts have just warned that El Niño, a natural phenomenon that arises in the Pacific Ocean and shapes weather around the world, has started up again. So their forecasts, which a few months ago indicated that there was a 55% chance that El Niño would re-emerge in the second half of 2023, have proven to be accurate. But this is bad news. Because El Niño poses the danger of a new global temperature change.
The bank will have HP computers at its headquarters through the Device as a Service model. The DaaS approach will provide greater business productivity and scalability, as well as sustainability benefits, achieving an estimated 32% saving in energy consumption.
The bank has published an in-house guide to raise awareness among employees of the value of generational diversity. The goal is to confront any lingering prejudices about people’s age. "At BBVA, we have up to four different generations under one roof. We want to drive home the point that everyone here, regardless of age, is highly capable and brings value and talent to the bank," said Heather Spratt, who leads the BBVA employee group concerned with safeguarding generational diversity at the bank.