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 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 47 is higher than 96% 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, 6,981,000 kg CO2e from Scope 2 emissions, and a significant 1,444,437,000 kg CO2e from Scope 3 emissions, which encompasses categories such as capital goods and business travel. BBVA has made commitments to reduce its carbon footprint, although it has not yet set a net-zero target. The bank is currently classified as "Committed" to near-term reduction targets, with a deadline for submission of specific targets set for July 31, 2023. This commitment reflects BBVA's ongoing efforts to align with industry standards for climate action, particularly within the financial sector. Historically, BBVA's emissions have shown fluctuations, with total emissions recorded at approximately 86,323,000 kg CO2e in 2022 and 97,444,000 kg CO2e in 2021. The bank's emissions profile indicates a reliance on both direct and indirect emissions, with a notable portion stemming from business travel and employee commuting. As BBVA continues to refine its climate strategy, it remains focused on enhancing transparency and accountability in its emissions reporting, aiming to contribute positively to global climate goals.
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Add to project| 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,787,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 98,139,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 8,776,000 | 0,000,000 | 0,000,000 | 00,000,000 | 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.
