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Committed to the environment

Climate change is a significant and complex challenge tha can be tackled only through cooperation between individuals, companies and nations. BBVA Bancomer plays a crucial role here. It does so by financing sustainable projects and championing a low-carbon economy economy that helps communities develop and flourish while protecting the environment.

Mexico and BBVA Bancomer have shown their commitment by launching various initiatives, and making a great effort to meet the Sustainable Development Goals (SDGs) by 2030. Highlights here include:


Ensuring access to affordable, secure, sustainable and modern energy for all.


Promoting inclusive and sustainable economic growth, full and productive employment and decent work for all.


Building resilient infrastructure, promoting sustainable industrialization and fostering innovation.


Ensuring sustainable forms of consumption and production.

The Bank acknowledges the impact it has on the environment both directly and indirectly through its operations and the products and services it offers. In response, it has implemented measurement, control and resolution strategies to reduce its environmental footprint and even to generate a positive impact through financial instruments, aligning itself with global initiatives such as:

  • The United Nations Environment Program Finance Initiative (UNEP FI).
  • Equator Principles.
  • Principles for Responsible Investment (PRI).
  • Global Compact of the United Nations (UN Global Compact).
  • Carbon Disclosure Project.
Social, environmental and reputational risks
Equator Principles

"The Equator Principles is a benchmark in the financial sector for determining, assessing and managing the environmental and social risks of projects”.

The BBVA Group has been adhered to the Equator Principles since 2004, illustrating its firm commitment to managing project finance in order to prevent or reduce the negative impacts and boost the economic, social and environmental value of its projects.



Transactions financed under the Equator Principles in Mexico and signed in 2018

Category Sector of operations Amount funded* by BBVA Bancomer (millions of pesos, MXN)
B Real estate assets 1,308.32
C Real estate assets 803.46
B Oil and gas 481
B Renewable energies (4 operations) 1,888.21
B Infrastructure-transport (2 operations, of which 1 related to a bond issue) 502.26
B Industry 870.05
Total 10 5,853.3
* With a USD/MXN exchange rate of $19.24 and a EUR/MXN rate of $22.7.
Green bonds

“BBVA Bancomer’s green bond issuance heralds a new milestone for the Mexican securities market”.


– Jaime Ruiz Sacristán, Chairman of the Board of Directors of the Mexican Stock Exchange (BMV)

As part of BBVA Bancomer’s Responsible Banking strategy aligned with the SDGs, financial instruments may be used to support the integral management of risks and opportunities relating to climate change.

Under this strategy, the goal is to promote sustainable financing, assess its strategic impact and drive management transformation initiatives that best respond to the challenges relating to climate change and other pressing social issues.

In April 2018, BBVA Holding released a framework for bond issues under the SDGs, whether in the form of green, social or sustainability bonds.

BBVA Bancomer placed its first green bond worth 3,500 million pesos, followed by a further bond issue for the same amount, making it the first private bank in Mexico to have successfully placed a green bond.

Global Eco-Efficiency Plan

The Bank has been working towards its Global Eco-efficiency Plan (GEP) since 2016 in order to reduce the environmental footprint of BBVA Bancomer. The plan establishes a set of global objectives to be accomplished over the 2016-2020 horizon, aiming to make BBVA Bancomer a world leader in eco-efficiency. Each of the objectives established in the GEP comes with its own strategy on how best to meet the objective and contribute towards different SDGs.

You can view BBVA’s environmental policy by clicking here:
https://shareholdersandinvestors.bbva.com/microsites/bbvain2017/asuntos-relevantes/finanzas-sostenibles/


Ensuring access to and sustainable management of water and sanitation for all.


Ensuring access to affordable, secure, sustainable and modern energy for all.


Ensuring sustainable forms of consumption and production.


Taking urgent action to combat climate change and its impacts.

Environmental management and sustainable construction

Six of the corporate head offices of BBVA Bancomer are now certified with ISO 14001:2015 and/or LEED.

Energy and climate change

The reduction in electricity consumption in 2018 when compared with 2017 is equivalent to the average amount of electricity consumed by 5,000 Mexican families over a whole year.

Emissions reduction of more than 28,000 tons of CO2 equivalent thanks to the use of clean energies in 2018.

In 2018, the Energy View project achieved an atmospheric emissions reduction of over 3,000 tons of CO2 equivalent.

In 2018, the PACOM project achieved an atmospheric emissions reduction of nearly 3,000 tons of CO2 equivalent.

Water

The total saving in water consumption in 2018 versus 2017 was enough to fill over 100 Olympic-size swimming pools.

In 2018, the Bank treated a total of 44,507 m3 of water.

Paper and waste

The reduction in paper consumption in 2018 was enough to prevent the logging of some 90 adult trees.