Significant Growth: BBVA increased sustainable business funding by 55% in Q1 2025, reaching €29 billion.
Climate-Focused Investment: 78% of funds supported climate and natural capital projects, reinforcing BBVA’s environmental priority.
Ambitious New Target: The bank raised its sustainable financing goal to €700 billion by 2029—more than double its previous plan.
BBVA mobilized approximately €29 billion for sustainable business initiatives in Q1 2025, reflecting a 55% year-over-year increase as the bank accelerates its ESG strategy. This surge supports BBVA’s new, more ambitious goal of channeling €700 billion by 2029, compressing the timeline from eight years to five and more than doubling its previous target.
“BBVA was one of the first companies to recognize the positive impact of sustainability on the financial industry,” said Javier Rodríguez Soler, Global Head of Sustainability and CIB. “It represents a business opportunity and is one of our strategic priorities.”
Climate-related financing dominated the quarter, accounting for 78% of the total, with funds directed toward efficient water use, sustainable agriculture, and circular economy projects. The remaining 22% supported social infrastructure, entrepreneurship, and financial inclusion efforts.
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Business segment contributions included:
Corporate & Institutional Banking (CIB):
Mobilized €15.2 billion, up 49% YoY. Initiatives included renewable energy project financing (contributing €600 million) and sustainability-linked reverse factoring.
Companies Unit:
Directed €10.8 billion (+58% YoY) toward energy efficiency, vehicle fleet upgrades, and water use optimization. Notably, €1 billion supported natural capital, with Mexico driving 50% of that in the agricultural sector.
Retail Business:
Contributed €2.8 billion, an 85% YoY jump, funding energy-saving home solutions and financing for hybrid and electric vehicles.
BBVA hit its previous €300 billion target by the end of 2024, a year ahead of schedule, underscoring its momentum.
“We aim to turn [sustainability] into a key growth driver by funding investments to meet the growing demand for clean and efficient energy,” Rodríguez Soler added. “Tailored advisory services for each market segment and the transformation of risk processes are essential to achieving this differential growth.”
This repositioning marks sustainability not just as a responsibility, but as a scalable business engine across BBVA’s global footprint.
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