BBVA Sustainability Profile
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 39 is higher than 61% 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 2024, BBVA reported total carbon emissions of approximately 1,393,017,000 kg CO2e. This figure includes Scope 1 emissions of about 41,856,000 kg CO2e, Scope 2 emissions of approximately 4,481,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1,346,681,000 kg CO2e. The breakdown of Scope 3 emissions reveals that purchased goods and services accounted for about 741,491,000 kg CO2e, while upstream transportation and distribution contributed approximately 181,893,000 kg CO2e. In comparison, BBVA's emissions for 2023 were reported at approximately 1,499,147,000 kg CO2e, with Scope 1 emissions at about 39,859,000 kg CO2e, Scope 2 emissions (market-based) at around 6,995,000 kg CO2e, and Scope 3 emissions reaching approximately 1,452,294,000 kg CO2e. This indicates a reduction in total emissions from 2023 to 2024. Despite these figures, BBVA has not specified any formal reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while BBVA is actively measuring its emissions, it may not yet have committed to specific reduction goals. Overall, BBVA's emissions data reflects a substantial carbon footprint, particularly in Scope 3 emissions, which are often the most challenging for financial institutions to manage. The bank's ongoing efforts to address its climate impact will be crucial as it navigates the evolving landscape of corporate sustainability and climate commitments.
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| 2018 | 2019 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 17,781,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 209,362,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 65,289,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is BBVA's Industry?
How Carbon Intensive is BBVA's Location?
BBVA's Scope 3 Categories Breakdown
BBVA's Scope 3 emissions, which decreased by 7% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 55% of Scope 3 emissions.
Top Scope 3 Categories
BBVA'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.
BBVA 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.
