Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria (BBVA), headquartered in Spain and operating in the Services auxiliary to financial intermediation industry, has reported its carbon emissions and committed to several climate targets.

In 2025, BBVA's total carbon emissions are projected to be approximately 1.33 billion kg CO2e. This includes Scope 1 emissions of about 40.79 million kg CO2e, Scope 2 market-based emissions of approximately 596,000 kg CO2e, and Scope 3 emissions of about 1.29 billion kg CO2e. Key categories within Scope 3 for 2025 include purchased goods and services at approximately 769.35 million kg CO2e, capital goods at about 160.58 million kg CO2e, and upstream transportation and distribution at approximately 117.56 million kg CO2e.

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

BBVA has set ambitious reduction targets:

• A target to reduce Scope 1 and Scope 2 CO2 emissions by 68% against a 2015 baseline by 2025, and achieve 100% renewable energy consumption by 2030.
• Another commitment is to reduce Scope 1 and Scope 2 emissions by 52% between 2020 and 2030, measured in kilograms of CO2e/MWh.
• The bank also aims to achieve Net Zero Emissions by 2050 and has established interim decarbonisation targets for 2030 across sectors such as electricity generation, automotive, steel, and cement.
• BBVA has pledged to reduce its exposure to carbon-related activities to zero, ceasing financing for companies in these activities by 2030 in developed countries and by 2040 in other operational regions.

BBVA's emissions data and climate commitments are directly reported by Banco Bilbao Vizcaya Argentaria, S.A., with no cascading from a parent organisation.