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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.
C. Sauceda, 28
Onur Genç |
|Annual report||Annual report 2021|
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
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
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.
Banks and Climate
Bank net zero commitments
Goal 2030: Pledged to publish intermediate target for aligning with Paris temperature goals (CCCA, NZBA) and set SBT.
Goal 2050: Pledged to publish long-term target for aligning with Paris temperature goals (CCCA, NZBA).
BBVA is now announcing its commitment to zero net indirect emissions by 2050, “taking into account those related to our clients.”
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.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Banks and Human Rights
Human Rights Benchmark November 2019
BBVA's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Front runner, with a total score of 7.5 out of 14.
Due dilligence: 3/5
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".
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.
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.
New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
What the war in Ukraine teaches us
Banks failing to address severe human rights impacts transparently, finds BankTrack research
Glasgow wrap-up: updates from banks and civil society at COP26
Equator Banks involved in financing at least 200 fossil fuel projects since Paris
New report exposes billions in European financial support to companies in illegal Israeli settlements
Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit
New research puts big banks’ sustainability claims in doubt
Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress
Fossil assets: the new subprimes?
Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming
New bank climate initiative fails to grasp urgent need to end finance for fossil fuels
Leading finance firms sign up to Mark Carney forum on low-carbon investment
More than half of Europe’s bank directors too compromised to end fossil fuel finance
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Equator Banks fail communities on consultation and grievance mechanisms, new study finds
Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance
A call to action on the Principles for Responsible Banking: End climate-destructive financing now
Principles for Responsible Banking no obstacle to finance climate destruction
Equator Principles requirements missing for most projects, finds new BankTrack study
Banking on Climate Change – Fossil Fuel Finance Report Card 2020
4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows
Dirty Profits 7 - Out of Control: Irresponsible weapons transfers and future weapon systems
Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact
Banking on Climate Change – Fossil Fuel Finance Report Card 2019
Every two weeks a bank, insurer or lender announces new coal restrictions
Banks massively financing fossil fuels unclear about future of ... fossil fuels
Behind banks' smokescreen
Principles must bring commitments
BBVA to mobilize €100 billion by 2025 to fight climate change and drive sustainable development
28 major banks warned not to finance Trans Mountain pipeline expansion
Energy Transfer: Which banks continue to support the company behind DAPL?
Leading banks under fire for misrepresenting human rights responsibilities
New BankTrack Human Rights Impact Briefing: Drummond and paramilitary violence in Colombia
Banks not yet living up to UN human rights principles, finds BankTrack
Banks and human rights: Assessing strengths and weaknesses of the Thun Group’s approach
BankTrack welcomes Thun Group paper on banks and human rights
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
Cluster bombs manufactured in Spain in 2007 and used by Gaddafi to bomb Misrata were financed by Spanish banks
BBVA is the leading Spanish bank in financing controversial arms producers
BNP Paribas releases new policy on nuclear financing
New rules for Equator Principles, but no new commitments from banks
Los bancos puntúan bajo en sostenibilidad, transparencia y responsabilidad
BankTrack calls upon banks to Close the Gap on investment policies
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Top financial institutions still invest US$20 billion in cluster bombs
BankTrack members unveil bank secrets
New Report: European banks financing damaging agrofuels in Latin America
Banking on Climate Chaos 2022
Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress
Fossil assets: the new subprimes?
A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now
Letter from BankTrack to BBVA on the bank's progress on its fossil fuel finance since COP24
How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre
Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO
Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights
Comments on Thun Group of Banks Discussion Paper
Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper
Banking with Principles? Second Edition June 2016
Banking with Principles?
Statement by the Thun Group of Banks
Coal Risk Update March 2013
Close the Gap
Voluntary standardsBBVA 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
BBVA's webpage on corporate social responsibility can be accessed here.
Implementation and reporting
BBVA is reporting on the implementation here.