BBVA

BBVA's reported carbon emissions

BBVA, a financial institution headquartered in Spain within the retail trade services sector, has reported its carbon emissions for several years. In 2024, BBVA's total emissions were approximately 1,393,017,000 kg CO2e. This figure comprises Scope 1 emissions of around 41,856,000 kg CO2e, Scope 2 emissions of approximately 198,679,000 kg CO2e (location-based), and substantial Scope 3 emissions totalling about 1,346,681,000 kg CO2e. Key contributors to BBVA's Scope 3 emissions in 2024 include purchased goods and services (approximately 741,491,000 kg CO2e), upstream transportation and distribution (around 181,893,000 kg CO2e), and capital goods (approximately 225,548,000 kg CO2e). For 2023, BBVA's total emissions were approximately 1,499,147,000 kg CO2e. This included Scope 1 emissions of about 39,859,000 kg CO2e, Scope 2 emissions of approximately 193,690,000 kg CO2e (location-based), and Scope 3 emissions of around 1,452,294,000 kg CO2e. A significant portion of the Scope 3 emissions in 2023 came from purchased goods and services, which amounted to approximately 1,050,073,000 kg CO2e. Earlier data from 2019 indicates total emissions of approximately 140,498,000 kg CO2e, with Scope 1 emissions at roughly 16,899,000 kg CO2e and Scope 2 emissions at approximately 195,590,000 kg CO2e (market-based). Scope 3 emissions in 2019 were approximately 56,699,000 kg CO2e. Emissions data for 2018 show total emissions of approximately 209,362,000 kg CO2e, comprising Scope 1 emissions of around 17,781,000 kg CO2e and Scope 2 emissions of approximately 209,362,000 kg CO2e (market-based), with Scope 3 emissions at approximately 65,289,000 kg CO2e. BBVA has not provided specific reduction targets or commitments in the provided information.