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 45 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banco Bilbao Vizcaya Argentaria's reported carbon emissions
In 2023, Banco Bilbao Vizcaya Argentaria (BBVA) reported total carbon emissions of approximately 1,488,422,000 kg CO2e. This figure includes 38,005,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 6,981,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of emissions, approximately 1,443,437,000 kg CO2e, stem from Scope 3, which includes emissions from the entire value chain, such as capital goods and purchased goods and services. In previous years, BBVA's emissions were significantly lower, with 86,323,000 kg CO2e in 2022 and 97,444,000 kg CO2e in 2021. The bank has shown a commitment to reducing its carbon footprint, although specific reduction targets have not been disclosed. BBVA is currently classified as "Committed" to near-term targets, indicating an intention to address its emissions, but it has not set a net-zero target. BBVA's climate commitments are part of a broader strategy within the financial sector to enhance sustainability and reduce environmental impact. The bank's ongoing efforts reflect an awareness of the importance of climate action in the banking industry, particularly in light of increasing regulatory and societal pressures to address climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 17,092,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 221,405,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 56,700,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000,000 |
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 committed to some reduction initiatives 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.
