BBVA
BBVA, or Banco Bilbao Vizcaya Argentaria, is a leading global financial institution headquartered in Spain. Established in 1857, BBVA has evolved into a prominent player in the banking industry, with a strong presence in Europe, the Americas, and Asia. The bank offers a diverse range of services, including retail banking, corporate banking, and investment solutions, distinguished by its commitment to innovation and digital transformation. With a focus on customer-centric solutions, BBVA provides unique products such as mobile banking services and sustainable finance options. The bank has received numerous accolades for its digital initiatives and sustainability efforts, solidifying its position as a forward-thinking leader in the financial sector. BBVA continues to drive growth and enhance its market presence through strategic investments and a robust global network.
DitchCarbon Score
How does BBVA'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 Retail Trade 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's score of 23 is lower than 68% 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's reported carbon emissions
In 2019, BBVA reported approximately 56,699,000 kg CO2e in Scope 3 emissions globally. This figure represents the bank's indirect emissions from its value chain, which are critical for understanding its overall carbon footprint. In 2018, the Scope 3 emissions were slightly higher at about 65,289,000 kg CO2e, indicating a reduction in emissions over the year. As of 2022, BBVA has not disclosed any specific emissions data, including Scope 1 and Scope 2 emissions, nor have they provided any recent updates on their carbon footprint. The absence of detailed emissions data suggests a need for enhanced transparency in their climate reporting. BBVA has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for improvement in their climate commitments. The lack of documented reduction initiatives further highlights the need for a more robust strategy to address climate change. Overall, while BBVA has made some progress in reducing its Scope 3 emissions, the organisation's climate commitments and transparency regarding emissions data require further development to align with industry standards and expectations.
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| 2018 | 2019 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | - | - |
| Scope 3 | 65,289,000 | 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.
BBVA 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.
