BBVA Seguros, S.A. de Seguros y Reaseguros Sustainability Profile
BBVA Seguros, S.A. de Seguros y Reaseguros, headquartered in Spain, is a prominent player in the insurance and reinsurance industry. Established in the early 2000s, the company has made significant strides in providing innovative insurance solutions across various sectors, including life, health, and property insurance. With a strong presence in major operational regions throughout Spain and Latin America, BBVA Seguros is recognised for its customer-centric approach and tailored products. Their core offerings, which include comprehensive life and health insurance plans, stand out due to their flexibility and competitive pricing. BBVA Seguros has achieved notable milestones, solidifying its market position as a trusted provider in the insurance landscape. The company continues to focus on leveraging technology to enhance customer experience and streamline operations, ensuring it remains at the forefront of the industry.
DitchCarbon Score
How does BBVA Seguros, S.A. de Seguros y Reaseguros'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 Insurance 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 Seguros, S.A. de Seguros y Reaseguros's score of 56 is higher than 74% 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 Seguros, S.A. de Seguros y Reaseguros currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), from which it inherits its climate commitments and initiatives. As part of its corporate family, BBVA Seguros aligns with the climate strategies set forth by BBVA, which includes participation in various sustainability initiatives such as the Science Based Targets initiative (SBTi), CDP, and RE100. However, specific reduction targets or achievements for BBVA Seguros are not detailed in the available data. The lack of direct emissions data suggests that BBVA Seguros is still in the process of establishing its own carbon footprint metrics or may rely on the overarching strategies and performance metrics of its parent company, BBVA. This relationship underscores the importance of corporate responsibility in addressing climate change within the insurance sector. In summary, while BBVA Seguros has not disclosed specific emissions data or reduction targets, it is positioned within a framework of climate commitments inherited from BBVA, reflecting a broader industry trend towards sustainability and accountability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 17,781,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 209,362,000 | 000,000,000 | 00,000,000 | 00,000 | 000 | 0,000 | 0,000 |
| Scope 3 | 65,289,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is BBVA Seguros, S.A. de Seguros y Reaseguros's Industry?
How Carbon Intensive is BBVA Seguros, S.A. de Seguros y Reaseguros's Location?
BBVA Seguros, S.A. de Seguros y Reaseguros's Scope 3 Categories Breakdown
BBVA Seguros, S.A. de Seguros y Reaseguros's Scope 3 emissions, which increased by 7% last year and decreased by approximately 40% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 8% of Scope 3 emissions.
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BBVA Seguros, S.A. de Seguros y Reaseguros's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
BBVA Seguros, S.A. de Seguros y Reaseguros has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
