Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spanish multinational financial services company that operates in the banking sector. It was founded in 1857 and is headquartered in Bilbao, Spain. BBVA has a strong presence in Spain and Latin America, as well as a growing presence in the United States and other countries around the world.
BBVA is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint and promote renewable energy. The company has been recognised as a leader in sustainability by a number of organisations, including the Dow Jones Sustainability Index, the Carbon Disclosure Project, and the FTSE4Good Index.
One of BBVA's key initiatives in the area of sustainability is its corporate energy programme. This programme aims to reduce the company's energy consumption and carbon emissions by implementing energy efficiency measures and promoting the use of renewable energy. BBVA has set a target to reduce its carbon emissions by 68% by 2025, compared to its 2015 baseline.
As part of its corporate energy programme, BBVA has implemented a number of energy efficiency measures in its buildings and operations. These include the use of energy-efficient lighting, heating, and cooling systems, as well as the installation of solar panels and other renewable energy technologies. BBVA has also implemented a number of behavioural change initiatives to encourage employees to reduce their energy consumption, such as the "Green Office" programme.
In addition to energy efficiency measures, BBVA is also promoting the use of renewable energy through corporate power purchase agreements (PPAs). These agreements allow companies to purchase renewable energy directly from renewable energy developers, often at a lower cost than traditional energy sources. BBVA has signed a number of PPAs to purchase renewable energy from wind and solar projects in Spain and other countries.
BBVA has also invested in renewable energy projects through its corporate venture capital arm, BBVA Ventures. The company has invested in a number of renewable energy startups, including solar energy company SunCulture and energy storage company Stem.
BBVA is also involved in a number of initiatives to promote sustainability and decarbonisation more broadly. The company is a member of the RE100 initiative, which aims to bring together companies committed to 100% renewable energy. BBVA is also a signatory of the United Nations Global Compact, which is a voluntary initiative to promote sustainable and socially responsible business practices.
In conclusion, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a leading financial services company that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and promote renewable energy, and has implemented a number of energy efficiency measures and corporate power purchase agreements to achieve these goals. BBVA is also involved in a number of initiatives to promote sustainability more broadly, and has been recognised as a leader in sustainability by a number of organisations.