BBVA has set a $770 billion sustainable business target for 2025–2029, more than doubling its previous mobilization goal and compressing the delivery timeline to five years.
In 2025 alone, the bank has executed market-specific sustainable financing across energy, industry, agriculture, transport, biodiversity, and social inclusion in Europe, Latin America, and Türkiye.
The strategy positions sustainability as a core revenue driver, tying climate action, natural capital, and social inclusion directly to balance sheet growth and risk management.
Sustainability has moved from policy commitment to balance-sheet execution at BBVA, as the bank expands tailored sustainable finance operations across its main markets in 2025 while preparing to deploy $770 billion in sustainable business over the next five years.
BBVA’s activity spans Spain, Mexico, Türkiye, South America, and its Corporate and Investment Banking arm, reflecting a strategy built around sector-specific advisory, advanced risk management, and localized financing structures. The approach targets sectors where the transition is already reshaping economic fundamentals, rather than treating sustainability as a parallel or philanthropic activity.
Energy And Industrial Transition Financing
Energy remains central to BBVA’s sustainable deal flow. In Argentina, the bank provided sustainable financing to the San Alonso Thermal Power Plant to support the expansion of renewable generation capacity. It also worked with Bio4 to improve bioethanol production processes, highlighting how bioeconomy investments are becoming commercially viable across Latin America.
In Spain, BBVA Corporate & Investment Banking participated in financing large scale wind and solar projects and supported southern Europe’s first project finance deal for a hydrogen plant, located in the Basque Country, under its cleantech financing framework. BBVA also led Iberdrola’s €2.5 billion sustainable credit facility, equivalent to roughly $2.7 billion, acting as agent bank and joint lead arranger.
In Türkiye, Garanti BBVA financed energy efficiency and renewable generation investments across the country’s main industrial corridor, reinforcing the role of transition finance in reducing industrial energy intensity.
Textiles, Logistics, And Decarbonizing Supply Chains
BBVA’s 2025 activity also reflects growing pressure on value chains to decarbonize. In Mexico, the bank provided Proximity Parks with a sustainable loan of up to MXN 1.2 billion to support logistics and industrial infrastructure development. It is also participating in a large-scale financing program for the textile and footwear sector, announced with the Ministry of Economy and backed by development bank Nacional Financiera. With a potential volume of MXN 120 billion, the program targets small and medium-sized enterprises.
In Türkiye, Garanti BBVA partnered with Ivy Decarb to finance textile-sector decarbonization, supporting companies investing in lower-impact production processes.
Housing, Mobility, And Retail-Level Transition
BBVA is pushing sustainability closer to consumers. In Spain, it doubled financing for homeowners’ associations undertaking energy-efficiency and accessibility upgrades. The bank also launched the CAE loan, designed to help households and SMEs monetize Energy Savings Certificates tied to efficiency improvements.
On mobility, BBVA tripled the number of dealership agreements available through its app in Spain and expanded electric-vehicle leasing and rental solutions for corporate clients across several markets.
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Agriculture And Export Finance
Agribusiness is another priority area. In Colombia, BBVA launched a value-chain financing initiative with Riopaila Castilla, enabling suppliers to access funding linked to environmental performance. It also formed a partnership with Yara to provide farmers with access to sustainable fertilizers, supported by financing tied directly to product purchases, reinforcing food security through lower-impact inputs.
In Argentina, BBVA certified ten export pre-financing and export-related loans to wine producer Grupo Peñaflor as sustainable, totaling $64.8 million.
Hard To Abate Sectors And Infrastructure
In Peru, BBVA supported Hochschild Mining with a $300 million sustainability-linked corporate loan and structured the country’s first KPI-linked loan in the cement sector for Cementos Yura. In Spain, BBVA and rail infrastructure operator ADIF agreed a €250 million sustainable loan, around $270 million, aligned with national railway investment plans. In Türkiye, Garanti BBVA participated in a €1.7 billion sustainable financing for the Antalya–Alanya highway project, equivalent to roughly $1.85 billion.
Biodiversity And Social Impact Finance
In November 2025, Garanti BBVA issued Türkiye’s first biodiversity bond, becoming the country’s first bank to launch a blue bond focused on marine ecosystem protection. The three-year bond, totaling more than $20 million, supports sustainable management of Mediterranean marine ecosystems.
On the social side, BBVA supported Peru’s first gender-focused social bond for women-led micro and small enterprises, developed with IDB Invest and COFIDE. The bond is designed to expand growth opportunities for women entrepreneurs while improving household economic resilience.
Strategic Implications For Investors And Executives
BBVA’s sustainability strategy rests on climate action, natural capital, and social inclusion, with a new $770 billion mobilization target for 2025–2029, compared with $330 billion mobilized between 2018 and 2025. That earlier target was reached in December 2024, one year ahead of schedule.
The bank continues to advance its net-zero 2050 transition plan, with 2030 interim decarbonization targets already defined for ten sectors and additional targets under development, including agriculture. For investors and corporate clients, BBVA’s approach signals a shift toward sustainability as a core growth engine, embedded in credit, advisory, and capital markets activity across regions and sectors.
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