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.
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.
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.
Grupo Financiero BBVA México, S.A. de C.V.'s score of 20 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2020, Grupo Financiero BBVA México, S.A. de C.V. reported total carbon emissions of approximately 40,058,000 kg CO2e. This figure includes Scope 1 emissions of about 935,000 kg CO2e, Scope 2 emissions of around 36,647,000 kg CO2e, and Scope 3 emissions of approximately 2,476,000 kg CO2e. Over the years, the company has demonstrated a significant reduction in emissions, decreasing from about 128,855,000 kg CO2e in 2016 to the 2020 figure, marking a substantial decline. This reduction reflects a broader commitment to sustainability and climate action, although specific reduction targets or initiatives have not been disclosed. BBVA México's emissions data indicates a proactive approach to managing its carbon footprint, aligning with industry standards for climate accountability. The company continues to focus on reducing its environmental impact, although further details on specific climate commitments or pledges remain unspecified.
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 committed to any reduction initiatives 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.