Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria (BBVA), headquartered in Spain and operating in the Services auxiliary to financial intermediation industry, reported total carbon emissions of approximately 1.33 billion kg CO2e in 2025. This includes Scope 1 emissions of 40.79 million kg CO2e, Scope 2 market-based emissions of 596,000 kg CO2e, and Scope 3 emissions of approximately 1.29 billion kg CO2e.

Looking at previous years, BBVA's total emissions were approximately 1.39 billion kg CO2e in 2024 and approximately 1.50 billion kg CO2e in 2023.

BBVA has set several climate commitments. The bank aims to achieve Net Zero Emissions by 2050, with intermediate decarbonisation targets for 2030 across various sectors. A key target is to reduce Scope 1 and Scope 2 CO2 emissions by 68% by 2025, relative to a 2015 baseline. Additionally, BBVA has a goal to reduce its carbon emissions intensity in the power generation sector by 52% between 2020 and 2030 (measured in kilograms of CO2e/MWh for Scope 1 and 2). The bank also intends to stop financing companies in carbon-related activities by 2030 in developed countries and by 2040 in other operational regions. BBVA was a signatory to a Science Based Targets initiative (SBTi) commitment, though this commitment has since been removed.