Grupo Financiero BBVA México, S.A. de C.V. Sustainability Profile
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.
DitchCarbon Score
How does Grupo Financiero BBVA México, S.A. de C.V.'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 Financial Intermediation 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
Grupo Financiero BBVA México, S.A. de C.V.'s score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 49,912,890 kg CO2e. This figure includes 13,224,860 kg CO2e from Scope 1 emissions and 36,688,020 kg CO2e from Scope 3 emissions, while Scope 2 emissions were reported as zero. Comparatively, in 2022, the total emissions were about 27,820,360 kg CO2e, with Scope 1 emissions at 14,829,030 kg CO2e, Scope 2 emissions at 200 kg CO2e, and Scope 3 emissions at 12,991,130 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. BBVA México has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 CO2 emissions by 68% by 2025, compared to 2015 levels. This target reflects the organisation's commitment to addressing its carbon footprint and aligns with broader industry standards for climate action. The emissions data for BBVA México is cascaded from its parent company, Banco Bilbao Vizcaya Argentaria, S.A., which oversees the climate initiatives and targets across its subsidiaries. This corporate relationship ensures that BBVA México adheres to the overarching sustainability goals set by its parent organisation.
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| 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 117,838,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000 | - |
| Scope 3 | 9,686,150 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Grupo Financiero BBVA México, S.A. de C.V.'s Industry?
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Grupo Financiero BBVA México, S.A. de C.V.'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.
Grupo Financiero BBVA México, S.A. de C.V. 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.
