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Madrid, 1 August 2025 — BBVA allocated €63 billion to sustainable business initiatives in the first half of 2025, marking a 48% increase year-on-year and setting a quarterly record with over €30 billion financed in Q2 alone.
Financing Distribution and Sector Focus
Of the H1 total, 76% was directed toward climate and natural capital projects such as sustainable agriculture, efficient water use, and circular economy solutions. The remaining 24% supported social-focused initiatives, including improvements in education, healthcare infrastructure, entrepreneurship, and financial inclusion.
Performance by Banking Segment
- Commercial Banking: Contributed €23.6 billion (up 53% YoY), including nearly €2.34 billion for natural capital. Half of this was directed to agricultural initiatives in Mexico.
- Corporate & Investment Banking: Accounted for €31.9 billion (up 34% YoY), with €1.6 billion financing renewable energy projects. The division also expanded offerings like reverse factoring aligned with sustainability criteria.
- Retail Banking: Delivered €7.5 billion (up 119% YoY), driven by tools enabling customers to calculate energy savings and €742 million in funding for hybrid and electric vehicles.
Strategic Milestones and Future Plans
BBVA showcased its sustainability leadership at the 2025 Energy Tech Summit in Bilbao, which hosted over 1,500 cleantech experts from 40 countries. During the event, the bank announced its first project finance initiative for a hydrogen plant powered by renewable energy in the Iberian Peninsula, expected to be operational by mid-2026.
Building on its sustainability strategy, centered on climate, natural capital, and social opportunity, BBVA has raised its sustainable financing target to €700 billion for 2025–2029—more than doubling its previous €300 billion goal set for 2018–2025, which was achieved ahead of schedule in December 2024.
BBVA continues its Net Zero transition plan toward 2050. Sector-specific decarbonization goals for 2030 are already in place across ten industries, including energy, automotive, and real estate, with agriculture targets currently in development.
Source: esgnews.com
