Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria, commonly known as BBVA, is a leading global financial institution headquartered in Spain. Established in 1857, BBVA has evolved into a prominent player in the banking industry, with a strong presence in Europe, Latin America, and the United States. The bank offers a diverse range of services, including retail banking, asset management, and corporate banking, distinguished by its commitment to innovation and digital transformation. BBVA has achieved significant milestones, such as its expansion into international markets and the adoption of cutting-edge technology to enhance customer experience. With a focus on sustainable finance and responsible banking, BBVA has positioned itself as a market leader, recognised for its robust financial performance and customer-centric approach. The bank continues to set benchmarks in the industry, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Banco Bilbao Vizcaya Argentaria's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Banco Bilbao Vizcaya Argentaria's score of 64 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Bilbao Vizcaya Argentaria's reported carbon emissions
In 2024, Banco Bilbao Vizcaya Argentaria (BBVA) reported total carbon emissions of approximately 50,186,840 kg CO2e. This figure includes 11,064,780 kg CO2e from Scope 1 emissions, 4481 kg CO2e from Scope 2 (market-based), and a significant 39,122,060 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 49,912,890 kg CO2e, with Scope 1 emissions at 13,224,860 kg CO2e, Scope 2 emissions at 6,995 kg CO2e (market-based), and Scope 3 emissions at 36,688,020 kg CO2e. BBVA has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 68% by 2025, alongside a target of achieving 70% renewable energy consumption. Additionally, the bank has established intermediate decarbonisation goals for 2030, targeting a 30% reduction in emissions from key sectors such as electricity generation, automotive, steel, and cement, which collectively account for about 60% of global CO2 emissions. In Argentina, BBVA has successfully reduced its direct CO2 emissions by 39% compared to 2019 levels. The bank's commitment to sustainability is further underscored by its participation in various initiatives, including the Science Based Targets initiative (SBTi), where it has committed to near-term targets. Overall, BBVA's emissions data and climate commitments reflect a proactive approach to addressing climate change, aligning with industry standards and global sustainability goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 17,781,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 209,362,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000 | 0,000 | 0,000 |
| Scope 3 | 65,289,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Banco Bilbao Vizcaya Argentaria is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
