BBVA and research provider BloombergNEF (BNEF) will work together to enhance and strengthen BBVA’s energy transition knowledge and expertise in clean technologies. The announcement was made during an event held in Madrid where the agreement and its objectives were presented.
BBVA has selected BNEF to help advance the bank’s sustainability and energy transition capabilities. Providing BBVA’s professionals with access to BNEF’s research and analytics, will equip them with the capabilities to better support clients in navigating the energy transition.
Both organizations recognize the critical role of financial institutions in accelerating the transition to a cleaner energy system. By combining BBVA’s focus on sustainability and client-oriented solutions with BloombergNEF’s expertise in clean technology research, BBVA aims to generate value for businesses adapting to an evolving energy landscape.
Building on its global presence and sector expertise, BNEF’s global team of analysts will share insights on the technologies, business models, financing trends and market opportunities underpinning the transition, with continuous knowledge-sharing designed to help BBVA build capabilities, navigate change and generate opportunities for its clients. With a longstanding history of technological advancement and sustainability practices, BBVA is focused on helping clients on the route to net zero.
The agreement will allow BBVA to expand its capabilities, address changes in the industry and generate new opportunities for its customers.
Providing clients with in-depth sector knowledge, the ability to anticipate key trends and offer solutions adaptable to their needs, is essential to BBVA and a key driver behind its decision to select BloombergNEF as its clean tech expertise provider.
Javier Rodríguez Soler, BBVA's global head of Sustainability and Corporate and Investment Banking said, “We are pleased/excited to work with BloombergNEF as a research provider on global commodity markets and the technologies driving the clean energy transition. By investing in knowledge, we are not only supporting our professionals but also empowering our clients to make informed decisions in an evolving energy landscape. We want to incorporate the customer perspective in a radical way in everything we do and I believe that an agreement like this will allow us to provide the most qualified and knowledgeable service in the energy transition for our customers.”
Albert Cheung, Deputy CEO, BloombergNEF said, “Financial institutions have a critical role to play in unlocking growth in the energy transition, and providing businesses with the financing solutions that allow them to capture the opportunities in front of them. Investment in clean technologies will continue to surge in the coming years, but the landscape will become increasingly complex as the geopolitical and macroeconomic environment evolve. We’re delighted to support BBVA as it works with its clients to navigate these opportunities and challenges.”
Marian Navarro, Head of S&CIB Talent and Culture & Business Support at BBVA; alongside Roberto Albaladejo, Global Head of Strategy, Industries & Cross-Border for the BBVA's Sustainability and CIB areas; and Albert Cheung, Deputy CEO of BloombergNEF.
BBVA’s approach to sustainability
For BBVA, sustainability represents an enormous business opportunity. It is one of its strategic priorities to tackle three major challenges: combating climate change, preserving natural capital and driving inclusive growth.
In 2024, BBVA expanded its intermediate emission-reduction targets for 2030 to include two new sectors: the real estate industry in Spain and the global aluminum sector. They join the list of targets for eight emission-intensive sectors previously set by the bank (oil and gas; power generation; the automotive industry; steel; cement; coal; aviation and shipping).
Recently, BBVA announced that it will channel €700 billion in sustainable business between 2025 to 2029, more than double the previous target of €300 billion set for the 2018–2025 period, which it reached in December 2024, one year ahead of schedule.