Grupo Financiero BBVA México, S.A. de C.V.
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 51 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. This marks a significant increase from 2022, when total emissions were about 27,820,360 kg CO2e, with Scope 1 emissions at 14,829,030 kg CO2e and Scope 3 emissions at 12,991,130 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a 68% reduction in Scope 1 and Scope 2 emissions by 2025, compared to 2015 levels. This commitment reflects a proactive approach to climate action, aligning with industry standards for sustainability. 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 broader context for its climate commitments and performance. The company is actively engaged in various climate initiatives, although specific Science-Based Targets (SBTi) have not been disclosed. Overall, Grupo Financiero BBVA México is taking significant steps towards reducing its carbon emissions and addressing climate change, with a clear focus on achieving its reduction targets in the near term.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 22,847,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 27,863,000 | 000 | - |
| Scope 3 | 2,510,000 | 00,000,000 | 00,000,000 |
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.
Grupo Financiero BBVA México, S.A. de C.V. 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.
