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Last update: 2022-01-06 12:11:43
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BBVA's head office in Madrid. Photo: Luis Garcia via Wikimedia Commons (CC BY SA 3.0) About BBVA
Banco Bilbao Vizcaya Argentaria (BBVA), is a multinational Spanish banking group. It was formed in 1999 from a merger of Banco Bilbao Vizcaya, founded in 1857, and Argentaria. It provides financial services in over 30 countries. The group has a leading position in the Spanish market, where it began operating over 150 years ago. It also has franchises in South America, where it is the main financial institution in Mexico. It is one of the 15 biggest banks in the United States, where it has a franchise in the Sunbelt region. In March 2017 BBVA acquired a 49.85% ownership of GarantiBank, Turkey.
| Website | https://www.bbva.com/en/ |
| Headquarters |
C. Sauceda, 28
28050 Madrid
Spain
|
| CEO/chair |
Onur Genç CEO |
| Supervisor | |
| Annual report | Annual report 2021 |
| Ownership |
listed on Bolsa de Madrid, Bolsa Mexicana de Valores & NYSE
BBVA's shareholder structure can be accessed here. |
| Complaints and grievances |
BBVA does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance). |
Related Dodgy Deals
BBVA has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Dodgy Deals map
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Companies
Targets
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Active profiles
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On record profiles
Policy Assessments
Tracking the Equator Principles
EPFIs reporting status
BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
BBVA
2022-03-14
ESP
2020
8
8
100
1.01000000009E+38
0
Explanation
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
For more details see this page.
Banks and Climate
Bank net zero commitments
BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
BBVA
2022-06-23
ESP
-10000
Explanation
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
Abbreviations:
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
For more details see this page.
Banks and Human Rights
Human Rights Benchmark November 2019
BankLast update
Country
Score
Ranking
Details
BBVA
ESP
7.5
Front runner
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Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.
Response Tracking
This page evaluates BBVA's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Drummond and paramilitary violence in Colombia (May 2016)
0.5
0.5
0
0
Response
0.5
Out of 1
Rationale for score
The bank publicly responded confirming that "Drummond Company is currently a BBVA Compass customer", therefore acknowledging its link to the impact, and outlined details of its policy framework and corporate values. However, it did not comment on or respond to the substance of the issues raised. Action
0
Out of 1Rationale for score
The bank provided no detail on whether it engaged with its client or took any appropriate action.
Following the bank's response: The bank stated that ""Drummond is no longer a BBVA customer"" following the sale of BBVA's US subsidiary in November 2020. Whilst the bank has disengaged with the company, this does not consitute appropriate action according to rights-holders involved in raising the issue with the bank as the bank has merely sold the subsidiary that maintains the financial relationship between the bank and the company, rather than ensuring that finance for Drummond was suspended. Therefore, the score remains unchanged.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
Following the bank's response: The bank noted that ""Drummond is no longer a BBVA customer"" and therefore the bank was not in a position to monitor the progress of the company. As the bank did not provide any details on whether it monitored the impact on rights-holders involved in raising the issue with the bank of its own action of disengaging from the company, the score remains unchanged.
More info
Don't Buy into Occupation report, Sept 2021
0
0
0
n/a
Response
0
Out of 1
Rationale for score
The bank did not respond. Action
0
Out of 1Rationale for score
No information available on whether the bank engaged with its client or took appropriate action. Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress. More info
Average
50%
0.25
0.25
0
0
News
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Documents
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Policies
Voluntary standards
BBVA has committed itself to the following voluntary standards:- Carbon Disclosure Project
- Collective Commitment to Climate Action (CCCA)
- Equator Principles
- Global Reporting Initiative
- Green Bond Principles
- Natural Capital Declaration
- Net-Zero Banking Alliance (NZBA)
- Paris Agreement Capital Transition Assessment (PACTA)
- Principles for Responsible Banking (PRB)
- Principles for Responsible Investment (PRI)
- Science Based Targets
- Task Force on Climate-related Financial Disclosures
- Thun Group on Human Rights
- UN Guiding Principles on Business and Human Rights
- UNEP Finance Initiative
- United Nations Global Compact
Equator Principles
Implementation and reporting
BBVA is reporting on the implementation here.
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