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Banking on Climate Change – Fossil Fuel Finance Report Card 2019
World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
BBVASpain
Created before Nov 2016
Last update: 2019-03-11 12:00:16
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BBVA head office Bilbao, Spain. Photo: Zarateman via Wikimedia Commons (CC0 1.0 License)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 and Argentaria. It provides financial services in over 31 countries and to 51 million customers throughout the world. 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. BBVA employs near 109,000 people worldwide and has about a million shareholders. In March 2017 BBVA acquired a 50% ownership of Garantibank, Turkey.
| Website | https://www.bbva.com/en/ |
| Headquarters |
Plaza San Nicolás 4
48005 Bilbao
Spain
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| CEO/chair |
Onur Genç CEO |
| Supervisor | |
| Annual report | Annual report 2018 |
| Ownership |
listed on Bolsa de Madrid, Bolsa Mexicana de Valores & NYSE Euronext
BBVA's share holder structure can be accessed here.
|
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.
Projects - active profiles
Dakota Access Pipeline United States profile
Trans Mountain Pipeline Expansion project (TMEP) Canada profile
There are no active projects for BBVA now.
Dodgy Deals map
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Links
Policies
Voluntary initiatives
BBVA has committed itself to the following voluntary standards:- Carbon Disclosure Project
- Equator Principles
- Global Reporting Initiative
- Green Bond Principles
- Natural Capital Declaration
- Principles for Responsible Banking
- Principles for Responsible Investment
- 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
Campaigns
BBVA and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. BBVA adopted the Equator Principles in 2004.
Reporting on the Equator Principles
BBVA must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- BBVA is in compliance with its reporting obligations. The 2017 report can be found here.
Dodgy Deals
BBVA is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Human rights
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True leader
Front runner
Follower
Laggard
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BankTrack has assessed BBVA on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. BBVA is assessed as a Follower, with a total score of 3.5/12.
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Equator Principles
Implementation and reporting
BBVA is reporting on the implementation here.
