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BBVA to mobilize €100 billion by 2025 to fight climate change and drive sustainable development
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Bond issues: Based on the Green Bond Principles, within the Social Bond Principles and the Sustainable Bond Guidelines of the ICMA, the bank will also publish the framework linked to the Sustainable Development Goals required for the issue of its own sustainable bonds First Spanish bank to commit to the Science Based Targets Initiative to certify that emission goals are consistent with the decarbonization level required to meet the 2ºC goal set for 2050 Renewable power pledge: BBVA has pledged to deliver 70 percent of its energy consumption with renewable sources by 2025, and to cut its CO2 emissions by 68 percent Fossil fuels: In line with its commitment to transparency, the bank reveals its total exposure to fossil fuels as 3.4 percent of its total assets
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