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OrganisationsGrupo Financiero BBVA México, S.A. de C.V.
Grupo Financiero BBVA México, S.A. de C.V. logo

Grupo Financiero BBVA México, S.A. de C.V.

Financial IntermediationMexico
Last verified 8 months agobbva.mx

Grupo Financiero BBVA México, S.A. de C.V., commonly known as BBVA México, is a leading financial institution headquartered in Mexico City, Mexico. Established in 1932, the bank has evolved significantly, becoming a key player in the Mexican banking sector with a strong presence across the country.

Operating primarily in the banking and financial services industry, BBVA México offers a comprehensive range of products, including personal and business banking, investment services, and insurance. Its innovative digital banking solutions set it apart, catering to the evolving needs of its diverse clientele.

With a commitment to sustainability and financial inclusion, BBVA México has achieved notable milestones, including recognition for its customer service excellence and digital transformation initiatives. As a subsidiary of the global BBVA Group, it continues to strengthen its market position, contributing to the financial well-being of millions of customers in Mexico.

51
DitchCarbon score

+16 vs industry average

Grupo Financiero BBVA México, S.A. de C.V.’s score of 51 is higher than 71% 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

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2026

00.0M00.0M00.0M00.0M0

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2020202120222023202420252026

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.

Grupo Financiero BBVA México, S.A. de C.V.'s reported carbon emissions

In 2023, Grupo Financiero BBVA México, S.A. de C.V. reported total carbon emissions of approximately 49.9 million kg CO2e. This figure includes Scope 1 emissions of about 13.2 million kg CO2e and Scope 3 emissions of approximately 36.7 million kg CO2e. Notably, there were no reported Scope 2 emissions for this year. The organisation has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 CO2 emissions by 68% compared to 2015 levels by the year 2025. This target reflects a strong commitment to mitigating climate impact and aligns with broader industry standards for carbon reduction. It is important to note that emissions data for Grupo Financiero BBVA México is cascaded from its parent company, Banco Bilbao Vizcaya Argentaria, S.A., which provides a comprehensive framework for their climate initiatives. The organisation's performance and reduction targets are part of a larger corporate strategy focused on sustainability and environmental responsibility.

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Grupo Financiero BBVA México, S.A. de C.V.’s Climate Goals (2030 & 2050)

2 goals

2025

68% reduction in Scope 2

Accordingly, it has set the goal of reducing scope 1 and 2 CO2 emissions by 68% compared to 2015 by 2025.

At risk68%

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%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

Inherited from Banco Bilbao Vizcaya Argentaria, S.A.
See details
Not active
CDP

Carbon Disclosure Project

Inherited from Banco Bilbao Vizcaya Argentaria, S.A.
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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

Inherited from Banco Bilbao Vizcaya Argentaria, S.A.
See details
Not active
RE 100

RE 100

Inherited from Banco Bilbao Vizcaya Argentaria, S.A.
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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Grupo Financiero BBVA México, S.A. de C.V. logoGrupo Financiero BBVA México, S.A. de C.V.
MXFinancial Intermediation
8 months ago
51
Hsbc Holdings logoHsbc Holdings
GBCommercial Banking
8 days ago
100
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Bank Of Nova Scotia logoBank Of Nova Scotia
CAFinancial Intermediation
1 day ago
80
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HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC logoHSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC
MXFinancial Intermediation
24 days ago
77
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Banorte logoBanorte
MXFinancial Intermediation
1 day ago
71
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Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte logoBanco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte
MXFinancial Intermediation
13 days ago
66
View
Scotiabank Perú S.A.A. logoScotiabank Perú S.A.A.
PEFinancial Intermediation
6 days ago
59
View

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