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 approximately 40.79 million kg CO2e, Scope 2 emissions (market-based) of about 596,000 kg CO2e, and Scope 3 emissions of approximately 1.29 billion kg CO2e. Key contributors to Scope 3 emissions in 2025 were purchased goods and services (approximately 769.35 million kg CO2e), capital goods (approximately 160.58 million kg CO2e), and upstream transportation and distribution (approximately 117.56 million kg CO2e).

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

BBVA has set several climate commitments and reduction targets:

• A target to reduce Scope 1 and 2 CO2 emissions by 68% by 2025, relative to a 2015 baseline. This target also includes achieving 70% renewable energy consumption by 2025 and 100% by 2030.
• Intermediate decarbonisation targets for 2030, aiming for a 30% reduction in specific sectors like electricity generation, automotive, steel, and cement (Scopes 1 and 2) from a 2020 baseline.
• Specifically within its power generation sector, BBVA aims to reduce its carbon emissions intensity by 52% between 2020 and 2030, measured in kilograms of CO2e/MWh (Scopes 1 and 2).
• BBVA has pledged to eliminate its exposure to carbon-related activities, ceasing finance for companies in these activities by 2030 in developed countries and by 2040 elsewhere.

BBVA's Science Based Targets initiative (SBTi) status indicates a "Committed" near-term target as of 2018, though it has also been listed as "Removed" or "Commitment removed" in subsequent entries. This data originates directly from Banco Bilbao Vizcaya Argentaria, S.A.