BBVA has announced an ambitious target of $770 billion in sustainable business for 2025–2029, more than doubling its previous mobilization goal and shortening the delivery timeline to just five years. In 2025 alone, the bank executed market-specific sustainable financing across sectors such as energy, industry, agriculture, transport, biodiversity, and social inclusion in Europe, Latin America, and Türkiye.
This strategy positions sustainability as a core driver of revenue, directly linking climate action, natural capital, and social inclusion to balance sheet growth and risk management.
Sustainability Moves From Policy to Execution
In 2025, BBVA expanded tailored sustainable finance operations across its main markets while preparing to deploy $770 billion in sustainable business over the next five years. The bank’s focus spans Spain, Mexico, Türkiye, South America, and its Corporate and Investment Banking division, emphasizing sector-specific advisory, advanced risk management, and localized financing structures.
The approach prioritizes sectors where the economic transition is reshaping fundamentals, ensuring sustainability is integrated into commercial activity, rather than treated as a separate or philanthropic initiative.
Energy and Industrial Transition Financing
Energy remains central to BBVA’s sustainable deal portfolio:
- Argentina: Financing for the San Alonso Thermal Power Plant supports expansion of renewable energy capacity. Investments with Bio4 enhance bioethanol production, highlighting viable bioeconomy projects in Latin America.
- Spain: The bank participated in large-scale wind and solar projects and financed southern Europe’s first hydrogen plant in the Basque Country. BBVA also led Iberdrola’s €2.5 billion sustainable credit facility (~$2.7 billion).
- Türkiye: Garanti BBVA financed energy efficiency and renewable generation projects, reducing industrial energy intensity across the country’s key industrial corridor.
Textiles, Logistics, and Supply Chain Decarbonization
BBVA’s 2025 operations also address the decarbonization of value chains:
- Mexico: A sustainable loan of MXN 1.2 billion to Proximity Parks supports logistics and industrial infrastructure development.
- Textile & Footwear Sector: Large-scale financing in Mexico, backed by Nacional Financiera, targets small and medium enterprises, with a potential volume of MXN 120 billion.
- Türkiye: Partnership with Ivy Decarb helps textile companies invest in lower-impact production processes.
Housing, Mobility, and Retail-Level Sustainability
BBVA is bringing sustainability closer to consumers:
- Spain: Financing for homeowners’ associations doubles to support energy-efficiency and accessibility upgrades.
- CAE Loan: Helps households and SMEs monetize Energy Savings Certificates linked to efficiency improvements.
- Mobility: Expansion of electric vehicle leasing, rental, and dealership agreements for corporate clients across multiple markets.
Agriculture and Export Finance
BBVA supports sustainable practices in agribusiness:
- Colombia: Value-chain financing with Riopaila Castilla enables suppliers to access funds tied to environmental performance.
- Partnership with Yara offers sustainable fertilizers linked to financing, supporting food security and lower-impact farming.
- Argentina: Certification of ten export pre-financing loans for Grupo Peñaflor as sustainable, totaling $64.8 million.
Hard-to-Abate Sectors and Infrastructure
BBVA also targets difficult-to-decarbonize industries:
- Peru: $300 million sustainability-linked corporate loan for Hochschild Mining and KPI-linked loan for Cementos Yura.
- Spain: €250 million sustainable loan for rail infrastructure with ADIF.
- Türkiye: €1.7 billion financing for the Antalya–Alanya highway project (~$1.85 billion).
Biodiversity and Social Impact Finance
BBVA is innovating in biodiversity and social finance:
- Türkiye: Garanti BBVA issued the country’s first biodiversity-focused blue bond (~$20 million), protecting Mediterranean marine ecosystems.
- Peru: Supported the first gender-focused social bond for women-led micro and small enterprises, developed with IDB Invest and COFIDE, enhancing entrepreneurship and household resilience.
Strategic Implications for Investors and Corporates
BBVA’s sustainability strategy is fully embedded in its business model, focusing on:
- Climate action, natural capital, and social inclusion
- New $770 billion mobilization target for 2025–2029, compared to $330 billion between 2018–2025
- Progress toward net-zero 2050, with interim 2030 decarbonization targets across ten sectors
For investors and corporate clients, BBVA demonstrates that sustainability is no longer peripheral, but a core engine for growth, integrated across credit, advisory, and capital market operations worldwide.
