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Sustainable business channeling
In its strategic plan for the period 2025-2029, BBVA has set a new objective of €700 billion for sustainable business channeling to support individuals, businesses, and corporations in their transformation. This represents more than doubles the previous target of €300 billion for the 2018-2025 period and is more ambitious, as it is planned for a shorter timeframe.
Breakdown of the sustainable business channeling
(1) Generally, the criterion used for distributing pipelines by geography is the location of the corresponding operation’s registration. However, there are certain exceptions when several geographies are involved in the operation.
(2) The products and eligibility and calculation criteria are described in the Guide for Sustainable Business Channeling available on the BBVA Group’s shareholders and investors website. Financing and transaction banking activity: This primarily includes (i)Long- and short-term products where proceeds are allocated to activities considered sustainable (in accordance with both internal and market standards and best practices), (ii) generalist products,both long- and short-term, intended for customers considered sustainable based on their revenues derived from sustainable activities (in accordance with existing regulations and/or internal standards) or according to reputable market certifications, as well as (iii) Sustainability-linked products, both long- and short-term (in accordance with both internal and market standards and best practices), such as those linked to environmental and/or social indicators or criteria. Capital markets: This primarily includes (1) The placement of third-party bonds, with BBVA acting as bookrunner, in relation to green, social, or sustainable bonds, or bonds linked to environmental and/or social indicators; as well as , as well as (2) EU Emission Allowances acquired by BBVA at auction pursuant to the Emission Trading Scheme Directive, the amounts of which are allocated by the Member State to the sustainable purposes provided for in said Directive. Project finance: Green and/or social projects, in accordance with internal standards, market standards, and best practices.
(3) In cases where data granularity does not allow for a direct attribution between the environmental and social categories, internal estimation models based on the best available information are applied. For reporting purposes, the “Environment” category integrates activities related to climate change and Natural capital.
(4) The 2024 data excludes the BBVA Asset Management and FMBBVA business.
(5) The amounts indicated have been rounded; therefore, the amounts or variations shown may not be the exact arithmetic sum of the figures that precede them.