The bank has reduced its emissions by 58% and offsets more than 120,000 CO2eq tonnes.

BBVA became carbon neutral indirect CO2 emissions in 2020. With the actions carried out this year, it has exceeded the objectives defined in its Global Eco-efficiency Plan 2016-2020, for 2019. Thanks to these actions, it has been able to make progress in its commitment to align its activity with the Paris Agreements.

The bank currently sources 65% of its energy needs from renewables and has reduced its consumption of electricity, water and paper, as well as the CO2 emissions it generates through its activities by 58%.

For the emissions it has not been able to reduce, it has offset them through seven projects in the countries where it operates: one in Turkey (Edincik wind project), four in Mexico (projects in landfills methane capture, landfill gas management and disposal project, Fresh Breeze reforestation, and wind power), one in Bolivia (Río Taquesi hydroelectric project) and one in Uruguay (Peralta I wind power project). In this way, it has offset more than 120,000 CO2eq tonnes.

Emissions compensation has allowed BBVA to obtain carbon footprint neutrality Clean CO2 certificate

Our CO2 Management Team has been in charge of advising BBVA on its emissions compensation through Clean CO2. This is Anthesis Lavola’s tool for calculating carbon footprint and compensating greenhouse gas emissions.

Thanks to this compensation, BBVA has obtained the Clean CO2 certificate, which guarantees carbon footprint neutrality in its activities and strengthens its compromise for the fight against climate change.