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 51 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 1,443,437,000 kg CO2e from Scope 3 emissions, which encompasses a wide range of indirect emissions, including those from capital goods and purchased goods and services. BBVA has demonstrated a commitment to reducing its carbon footprint, although it has not yet set a net-zero target. The bank is currently classified as "Committed" to near-term targets, with an extension policy in place for compliance. However, some previous commitments have been withdrawn or removed. The bank's emissions data shows a trend of decreasing total emissions from 120,050,700 kg CO2e in 2020 to 101,712,900 kg CO2e in 2022, indicating progress in its climate initiatives. BBVA's emissions reporting includes comprehensive disclosures across all three scopes, reflecting its commitment to transparency and accountability in addressing climate change. The bank continues to work towards establishing more defined reduction targets, with a deadline for submission set for July 31, 2023.
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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 participating in some of the initiatives that 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.
