(BRIEF) For the fourth consecutive year, BBVA has been recognized as Europe’s top sustainable bank in the Dow Jones Sustainability Index (DJSI), the world’s leading sustainability ranking. The bank obtained an overall score of 84 out of 100, standing out in dimensions, adding economic and corporate governance, environmental practices and social responsibility. BBVA also scored perfectly in areas such as transparency, tax strategy, human rights and visitor relations. This popularity reflects BBVA’s strong commitment to sustainability, adding its purpose to mobilize €300 billion for sustainable companies between 2018 and 2025 and its efforts to take on climate change and promote inclusive growth. The Bank’s commitment to sustainable progress is at the heart of its strategic priorities.
(PRESS RELEASE) BILBAO, December 11, 2023 — /EuropaWire/ — For the fourth consecutive year, BBVA has achieved the highest score in the banking category in the European region and the second highest score globally – a score shared with other banks – in the most recent Dow Jones ranking. Sustainability Index (DJSI)¹, the world’s first sustainability index. The annual breakdown of the DJSI published on December 8, 2023. A total of 27 banks from around the world earned a spot at this year’s DJSI. .
BBVA obtained an overall score of 84 issues out of 100. The bank obtained 84 issues in the economic and corporate governance size, 70 issues in the environmental size and 89 issues in the social size. In addition, the bank achieved the score (100 issuances) in several areas evaluated: transparency and reporting; tax strategy; human rights; and visitor relations.
“Being recognised as Europe’s top sustainable bank for 4 consecutive years through the leading Global Sustainability Index is a vital milestone for us. At BBVA, our purpose is for our clients to transition to a more sustainable world and inspire inclusive expansion in the host country. corporations where we operate. In this journey towards a green and just transition, we have a key role to play as intermediaries. We are not the central players, but our role remains decisive in supporting the entire economy in its decarbonization,” said Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA.
This year, more than 13,000 companies were invited to participate in S.
Only the top 10% of companies in each sector in this study decided to enroll in the index. The evaluation carried out through S
BBVA and its commitment to sustainable development
BBVA has put sustainability at the heart of its business. Sustainability is one of its six strategic priorities to address three main challenges: tackling climate change, preserving natural capital, and promoting inclusive growth.
In 2022, BBVA raised its target for mobilizing sustainable business in the period 2018-2025 to €300 billion, three times its initial target.
In terms of climate action, BBVA continues to take steps towards carbon neutrality by 2050, not only in its own emissions but also in those of its customers. BBVA will avoid financing coal-based corporations until 2030 in developed countries and until 2040 globally. In addition, BBVA has set interim targets to decarbonize its portfolio in carbon-intensive industries (oil and gas, power generation, automotive, metal and cement) until 2030.
BBVA Perú has been included in the DJSI MILA Pacific Alliance Index. It is the Peruvian bank to be included in this index.
BBVA in the sustainability indices
BBVA is included in the main international sustainability indexes, including the MSCI ESG Leaders Index and FTSE4Good Index. The bank is also part of the Bloomberg Gender Equality Index.
Selection to and continued membership of these indices depends on proving consistent progress and influences eligibility in investment portfolios, which attach increasing importance to companies’ non-financial factors.
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¹BBVA’s score is current as of October 27, 2023. DJSI published the composition of the DJSI Index on December 8, 2023.
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SOURCE: BBVA
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