Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria's reported carbon emissions

Banco Bilbao Vizcaya Argentaria (BBVA), headquartered in Spain and operating within the services auxiliary to financial intermediation sector, has reported significant carbon emissions across its operations. In 2025, the company's total carbon emissions were approximately 1.33 billion kg CO2e, with Scope 3 emissions accounting for the largest portion at about 1.29 billion kg CO2e. Scope 1 emissions stood at approximately 40.79 million kg CO2e, and Scope 2 emissions (market-based) were around 596,000 kg CO2e. Previously, in 2024, total emissions were approximately 1.39 billion kg CO2e. Scope 3 emissions represented about 1.34 billion kg CO2e, Scope 1 emissions were approximately 42.72 million kg CO2e, and Scope 2 (market-based) emissions totalled about 3.08 million kg CO2e. In 2023, total emissions were around 1.50 billion kg CO2e, with Scope 3 emissions at approximately 1.45 billion kg CO2e, Scope 1 at about 39.86 million kg CO2e, and Scope 2 (market-based) at approximately 6.99 million kg CO2e. BBVA has established several climate commitments. A key near-term target is to reduce Scope 1 and 2 CO2 emissions by 68% by 2025, compared to 2015 levels. The company also aims for 70% renewable energy consumption by 2025 and 100% by 2030. Furthermore, BBVA has pledged to reduce its exposure to carbon-related activities to zero by 2030 in developed countries and by 2040 globally. Intermediate decarbonisation targets for 2030 have also been published for key sectors including electricity generation, automotive, steel, and cement. BBVA Argentina specifically reported a 39% reduction in its direct CO2 emissions by 2022 compared to 2019.