BBVA: Joins the net zero emission banking alliance

  • BBVA leading the transformation of banking worldwide, united in pursuing goal of bringing the age of opportunity to everyone
  • Banks in this international alliance commit to ensuring that all of their credit and investment portfolios
  • At BBVA own activity already carbon-neutral and also want to be so in indirect emissions
  • With this alliance, each bank commits to set intermediate decarbonization goals for 2030 in line with the goal
  • BBVA reduce to zero its exposure to coal-related activities, stopping the financing of companies in this business by 2030 in developed countries
  • In 2020, BBVA attained carbon neutrality for its own activities thanks to the use of renewable energy
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Nubank Secures Conditional Approval for U.S. National Bank License

Brazilian fintech aims to expand services in the American market.Highlights: Nubank receives conditional approval for U.S. banking license.The...

Nationwide Strengthens Lead in UK Current Account Switching Table

Nationwide sees continued success in attracting new customers through account switching.Highlights: Nationwide tops the UK current account switching...

Banks Reduce Reliance on OpenAI Amid Regulatory Concerns

Financial institutions shift focus as AI scrutiny increases.Highlights: Banks are decreasing dependency on OpenAI as regulations tighten.Regulatory scrutiny...

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...