(BRIEF) The BBVA Group announces significant achievements in its environmental sustainability efforts, with 96% of its electricity consumption coming from renewable energy in 2023, exceeding its target of 70% by 2025. The bank has also controlled its carbon emissions through 15 programs consistent with cent through 2022, achieving 84 percent relief since 2015, well ahead of its 68 percent target by 2025. These achievements are part of BBVA’s global eco-efficiency plan, which focuses on reducing environmental impacts through projects such as renewable energy. energy supply, energy-saving measures, water conservation, waste relief, and sustainable building practices. The bank’s commitment to sustainability is further highlighted by its popularity as Europe’s most sustainable bank for the fourth consecutive year according to the Dow Jones Sustainability Index in 2023.
(PRESS RELEASE) BILBAO, March 27, 2024 — /EuropaWire/ — The bank also continues to make progress in reducing its environmental footprint to 44,985 tonnes of carbon emissions (Scope 1 and 2) by 2023. This is 15% less emissions than 52,887 tonnes will be emitted in 2022. BBVA set out to reduce those emissions by 84 cents last year through 2015, well above the target of 68 cents set for 2025.
In addition, in line with the Global Eco-Efficiency Plan, the Group’s environmental footprint is very positive compared to the base year 2019. Targets were exceeded across the board, with discounts of 16% on electricity consumption and 18% on overall electricity consumption. , 26 consistent with the water consumption penny, 48 consistent with the paconsistent penny with, and 50 consistent with the net waste penny (all figures consistent with the employee); and an 82 percent relief in scope 1 and 2 emissions. In addition, the consistent percentage of eco-certified spaces has reached 61 percent.
Evolution of the signals of the Global Eco-efficiency Plan (BBVA Group) (1)
Source: BBVAObend DataCreated with Datawrapper
Global Eco-Efficiency Plan
In 2021, BBVA established a Global Eco-efficiency Plan for the period 2021-2025, setting more ambitious targets aligned with its climate strategy, in order to promote the alleviation of direct impacts and the achievement of the 2025 Target. The achievement of these indicators The objectives were made conceivable through the following 4 vectors of action:
1. Consumption
BBVA has implemented the following lines of action in its environmental footprint:
2. Circular economy
Waste generation is becoming a serious global problem. For this reason, part of BBVA’s contribution to sustainability is to move from linear to circular collection practices to reduce this impact through sustainable construction criteria and the implementation of ISO 14001 approved environmental control systems. In addition, the bank has received the Zero Waste to Landfill certification and the Aenor Zero Waste seal for BBVA City, the rest of the company’s constructions in Madrid and the Opplus construction in Malaga. In order to minimise the volume of waste sent to landfill, the Group provides clearly demarcated and signposted spaces at its facilities for the exact sorting of waste for its next recycling.
3. Build and manage sustainable spaces
Another of BBVA’s commitments in its Global Eco-Efficiency Plan is to ensure the implementation of the most productive environmental and energy criteria in its buildings. To achieve this goal, the bank aims to achieve a significant percentage of eco-certified areas. BBVA already has structural certifications in 19 buildings and 10 offices, adding its offices in Spain, Mexico, Argentina and Turkey. In addition, 3 buildings have obtained the highest certification category, LEED Platinum. In addition, the bank has 8 WWF Green Office labels in Turkey and 33 Edge labels in Peru. These certifications reduce the bank’s environmental footprint and carbon emissions.
In terms of control certifications, BBVA has implemented an Environmental Management System based on the ISO 14 001:2015 standard, which is qualified annually by an independent body. This certification procedure monitors and evaluates the environmental functionality of the bank’s operations. The formula covers 92 buildings and 1,044 branches in the Group’s main countries. In 2023, BBVA in Portugal expanded its qualified doleading according to this control formula, downloading the certification of its headquarters in Lisbon (10,519 m²). Finally, at the end of 2023, BBVA became the first bank in Spain to unload environmental certification for its entire portfolio of own-use properties. The bank has effectively audited a total of 30 buildings and 1,882 offices in Spain according to the 50001 electrical power standard.
4. Carbon footprint
The carbon footprint and its reduction, one of the major objectives set in the 2025 Target, is an indicator that measures the amount of greenhouse gases (GHG) that an organization emits into the atmosphere. It is measured in tonnes of carbon dioxide (tCO2e).
BBVA has launched the following initiatives:
BBVA has been recognized for the fourth consecutive year as the most sustainable bank in Europe according to the Dow Jones Sustainability Index in 2023, the global benchmark in sustainability. It scored in the category of banks in the region (84 out of 100) and third globally.
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SOURCE: BBVA
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