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Banco Bilbao Vizcaya Argentaria
Services Auxiliary to Financial IntermediationSpainBME: BBVA
Last verified 4 months agobbva.com
Banco Bilbao Vizcaya Argentaria, commonly known as BBVA, is a prominent financial institution headquartered in Spain. Established in 1857, BBVA has evolved into a leading player in the services auxiliary to financial intermediation sector, primarily operating across Europe, Latin America, and the United States.
The bank offers a diverse range of core products and services, including retail banking, asset management, and corporate banking solutions. BBVA is distinguished by its commitment to innovation and digital transformation, positioning itself as a pioneer in the financial services industry. With a strong market presence, the bank has received numerous accolades for its customer service and sustainable banking practices, reinforcing its reputation as a trusted financial partner.
96
DitchCarbon score
+59 vs industry average
Banco Bilbao Vizcaya Argentaria’s score of 96 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Banco Bilbao Vizcaya Argentaria's reported carbon emissions
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 40.79 million kg CO2e from Scope 1 emissions, 596,000 kg CO2e from market-based Scope 2 emissions (or 20.9 million kg CO2e location-based), and about 1.29 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions were purchased goods and services (769.35 million kg CO2e), capital goods (160.58 million kg CO2e), and upstream transportation and distribution (117.56 million kg CO2e).
Looking back, BBVA's total emissions in 2024 were approximately 1.39 billion kg CO2e (Scope 1: 42.72 million kg CO2e, market-based Scope 2: 3.08 million kg CO2e, and Scope 3: 1.34 billion kg CO2e). In 2023, total emissions were approximately 1.50 billion kg CO2e (Scope 1: 39.86 million kg CO2e, market-based Scope 2: 6.99 million kg CO2e, and Scope 3: 1.45 billion kg CO2e).
BBVA has committed to several climate targets. They aim for a 68% reduction in Scope 1 and 2 CO2 emissions by 2025, relative to a 2015 baseline, and a 100% consumption of renewable energy by 2030. Intermediate decarbonisation targets for 2030, set in 2021, include a 30% net-zero target for both Scope 1 and Scope 2 emissions, covering sectors like electricity generation, automotive, steel, and cement. Additionally, BBVA has set a target to reduce its carbon emissions intensity in the power generation sector by 52% between 2020 and 2030, measured in kg CO2e/MWh (Scopes 1 and 2). BBVA has also pledged to eliminate financing for companies involved in carbon-related activities, achieving this by 2030 in developed countries and by 2040 in other operational regions.
BBVA's near-term Science Based Targets initiative (SBTi) target status is currently "Commitment removed." They were previously "Committed" in 2018. All reported emissions data and reduction targets are directly from Banco Bilbao Vizcaya Argentaria, S.A.
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Banco Bilbao Vizcaya Argentaria’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
2030 targetSee details
Active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Banco Bilbao Vizcaya Argentaria4 months ago
96
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