Download this section

Sustainable Finances




Grupo BBVA México incorporates sustainability into its financial activity. There are tangible objectives and results in three priority areas of its sustainable finance strategy:

  • Transition to a low carbon economy

  • Sustainable infrastructures and agribusiness

  • Financial inclusion and entrepreneurship

Grupo BBVA is aware of the prominent role of banks in the transition to a more sustainable world through its financial activity and is willing to play a relevant role, as demanded by society.

One of the ways in which BBVA can help is by offering financing. The participation of the private sector is essential to contribute to the benefit of areas such as climate change, innovation or sustainable consumption. BBVA has made a firm commitment to contribute to this cause.

Grupo BBVA has made it a priority to “help our clients in the transition towards a sustainable future,” inspired by the SDGs adopted by the UN, with a focus on climate change and inclusive and sustainable social development.

The Institution aims to enhance the positive impact through financial instruments, aligning itself with initiatives such as:

  • United Nations Environment Programme Finance Initiative UNEP FI)

  • Equator Principles

  • Principles of Responsible Investment (PRI)

  • Principles of Responsible Banking (PRB)

  • UN Global Compact

  • Carbon Disclosure Project (CDP)

  • Green Finance Advisory Council (CCFV)

In 2020, the BBVA fund manager signed the letter promoting the Green Finance Advisory Council (CCFV) in which the Mexican public issuers were asked for greater disclosure of ESG information.

BBVA has a bond framework linked to the Sustainable Development Goals (SDGs).

BBVA will reduce its exposure to coal-related activities to zero, ceasing to finance companies in those activities, before 2040 in Mexico.

Standards have been developed for sectors that have a greater environmental and social impact. The objective of the Industry Standards is to address sector-specific sustainable issues and provide clear guidance on the procedures to be followed in managing clients and transactions in these sectors.

BBVA manages a total of MXP 8,068.81 million under the Principles of Responsible Investment (PRI).

2025 Commitment

Grupo BBVA México is part of the framework of the 2025 Commitment of Grupo BBVA in which the objective of mobilizing EUR 100,000 million from 2018 to 2025 was set as follows:

EUR 70,000 million

to projects aimed towards the transition to a low carbon economy.

EUR 18,000 million

to financial inclusion and entrepreneurship.

EUR 12,000 million

to sustainable infrastructure and agribusiness.

Summary of Mobilization in Mexico as part of 2025 Commitment:

Transition to a low carbon economy

  • Green corporate financing

  • Green bonds traded

  • Loans linked to green indicators
    (KPI-linked)

  • Green projects financing

  • Green retail financing

  • Green insurance

Sustainable infrastructures and agribusiness

  • Financing sustainable infrastructure

  • Sustainable bonds traded

  • Loans linked to social indicators
    (KPI-linked)

  • Financial support to farmers

Financial inclusion and entrepreneurship

  • Social bonds traded

  • Socially responsible investment

  • Financial inclusion

  • Loans to vulnerable entrepreneurs

  • Loans to women entrepreneurs

  • Support COVID-19

In 2020, Grupo BBVA México contributed EUR 946 million to the Group’s 2025 Commitment.

At the end of 2020, the portfolio of sustainable solutions for retail clients stood at MXP 1,433 million.

At the end of 2020, the portfolio of sustainable solutions for corporate and institutional clients, as well as companies, stood at MXP 12,000 million.

Transition to a low carbon economy

Grupo BBVA México placed a green bond of Fibra Prologis: US 375 million.

Grupo BBVA México granted a green loan to Grupo Altex: US 10.6 million.

To complete the sustainable offering, in 2020 the ESG Advisory created to help global clients in their transition to a sustainable future.

Grupo BBVA México offers individuals products for the financing of low-emission cars and insurance for these vehicles.

Sustainable infrastructures and agribusiness

Together with the Ministry of Agriculture and Rural Development (SADER), the operation continued to provide direct financial support to 1,480,000 farmers in rural areas.

BBVA acted as an underwriter in the issuance of two sustainable bonds of the National Bank of Public Works and Services (BANOBRAS): MXP 7,500 million.

Grupo BBVA México formalized a sustainable loan for MXP 2,200 million with Cooperativa La Cruz Azul, a company with more than 90 years in the production of cement, becoming the first sustainable loan in the cement industry in Mexico and the first in 2020.

Grupo BBVA México formalized a loan for US 51 million with Grupo Hotelero Valentin, a client in the tourism sector sector that has a presence in the Riviera Maya.

Financing under the Equator Principles

Category

Transaction sector

Total Amount
(in MXP)

Amount financed by
Grupo BBVA México
(in MXP)

Infrastructure – transport

5,250,690,815

1,000,147,376

Real estate – hotel

612,000,000

612,000,000

Real estate – hotel

145,000,000 (USD)

58,000,000 (USD)

Infrastructure – transport

305,000,000

305,000,000

Financial inclusion and entrepreneurship

Grupo BBVA México supported Trusts Created in Relation to Agriculture (Fideicomisos Instituidos en Relación con la Agricultura, FIRA), through the Special Fund for Agricultural Financing Trust (Fideicomiso Fondo Especial para Financiamientos Agropecuarios, FEFA), as an underwriter in the issuance of the first gender social bond in the country. The amount of the issuance was MXP 3,000 million.

In 2020, MXP 25.970 million were awarded to entrepreneurs from various sectors with social or environmental impact as part of BBVA Momentum.

1,583 NAFIN businesswomen were supported through the making of loans to finance and develop their businesses.