BBVA, global leader in community sustainability, according to Global Finance

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Outstanding leader in Social bonds and financing of sustainable projects in Latin America ; and exceptional leader in Green bonds, Sustainable finance and sustainable financing of infrastructure in Western Europe are the regional awards won by BBVA in this first edition of the Global Finance’s 2021 Sustainable Finance Awards. With three awards in Western Europe, BBVA is the bank with the most awards in this region.

These awards recognize “global and regional leadership in sustainable finance for initiatives designed to mitigate negative impacts impacts of climate change and help build a more sustainable future for humanity, ”according to the publication.

The winners were selected on the basis of their environmental and social achievements, and the magazine particularly appreciated the aspects related to supporting the social initiatives; sustainable financing globally and in emerging markets; and efforts to issue sustainable bonds (green and social).

“This award rewards our efforts to support, accompany and fund, especially in the communities that need it most in many countries where we have a significant presence. In this sense, as part of our sustainable development strategy, inclusive growth is essential, and increased education and financial inclusion have a favorable impact on the well-being and sustained economic progress of these communities. BBVA allocated 142 million euros for social initiatives alone in 2020,” noted Antonio Ballabriga, Global Head of Responsible Affairs at BBVA.

In February 2021, the English-language publication recognized BBVA as the world’s best investment bank in sustainable finance.

In addition, through the BBVA Microfinance Foundation, it promotes the sustainable development of low-income people through financial services, financial education and technical training to boost their small businesses. In more than ten years of history, it has supported 5 million entrepreneurs through its banks in five Latin American countries, with disbursements of over $ 15.2 billion.

The BBVA Microfinance Foundation (BBVAMF) was recognized by the OECD as the first foundation in Latin America in terms of contribution to development, and the second in the world after the Bill & Melinda Gates Foundation.

In 2020, BBVA launched its “COVID-19” social response plan, endowed with 35.7 million euros to help society as a whole. More than 3.5 million people have directly benefited from these initiatives, in addition to customer support measures, such as moratoria and state guaranteed loans.

BBVA is the most sustainable bank in Europe and the second in the world, according to DJSI.

Global finance, with 34 years of experience reporting international financial markets and readership in over 191 countries, recognizes leading global and regional banks and other financial service providers in its annual awards.

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