BBVA
BBVA, or Banco Bilbao Vizcaya Argentaria, 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, the Americas, and Asia. The bank offers a diverse range of services, including retail banking, corporate banking, and investment solutions, distinguished by its commitment to innovation and digital transformation. With a focus on customer-centric solutions, BBVA provides unique products such as mobile banking services and sustainable finance options. The bank has received numerous accolades for its digital initiatives and sustainability efforts, solidifying its position as a forward-thinking leader in the financial sector. BBVA continues to drive growth and enhance its market presence through strategic investments and a robust global network.
DitchCarbon Score
How does BBVA'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 Retail Trade Services 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
BBVA's score of 30 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BBVA's reported carbon emissions
In 2024, BBVA reported total carbon emissions of approximately 1,393,017,000 kg CO2e. This figure includes Scope 1 emissions of about 41,856,000 kg CO2e, Scope 2 emissions of approximately 4,481,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1,346,681,000 kg CO2e. The breakdown of Scope 3 emissions reveals major sources such as purchased goods and services (approximately 741,491,000 kg CO2e) and upstream transportation and distribution (about 181,893,000 kg CO2e). In comparison, BBVA's emissions for 2023 were approximately 1,499,147,000 kg CO2e, with Scope 1 at about 39,859,000 kg CO2e, Scope 2 at around 6,995,000 kg CO2e (market-based), and Scope 3 emissions reaching approximately 1,452,294,000 kg CO2e. This indicates a reduction in total emissions from 2023 to 2024. Despite these figures, BBVA has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The organisation's emissions data is not cascaded from any parent company, and all reported figures are derived directly from BBVA's own disclosures. Overall, BBVA's emissions profile highlights the significant impact of Scope 3 emissions, which constitute the majority of their carbon footprint, underscoring the need for comprehensive strategies to address these indirect emissions in future climate commitments.
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| 2018 | 2019 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 17,781,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 209,362,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 65,289,000 | 00,000,000 | 0,000,000,000 | 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.
BBVA is not participating in any 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.
