ES

BBVA México manages its direct environmental impacts through the implementation of the Global Ecoefficiency Plan (Plan Global de Ecoeficiencia, PGE) with key actions aimed at optimizing resource consumption such as water and energy, reducing greenhouse gas emissions, and properly managing its waste.

Environmental
Performance

Xilitla, San Luis Potosí

Global Plan

Global Ecoefficiency Plan

At BBVA México, we align with the Group’s Global Ecoefficiency Plan 2021-2025, last updated in 2021, with objectives fully achieved in 2023. In 2024, we monitored the plan’s indicators, focusing on reducing consumption to lessen our direct environmental impact and better utilize natural resources. The Group’s Global Sustainability Area (GSA) tracks sustainability goals on a monthly basis, ensuring transparency and the effectiveness of our strategy.

At BBVA México, the global strategy for managing direct environmental impacts is structured around three main pillars:

01.

Calculation of energy consumption and carbon footprint, incorporating new geographies and a new category of Scope 3 carbon footprint (3.4 Upstream transportation and distribution) into the measurement perimeter.

02.

Reduction of environmental impact, including decreasing energy consumption through energy efficiency initiatives, implementing measures to mitigate water and paper consumption, using renewable electricity, and raising awareness and engaging employees and other stakeholders.

03.

Purchase and retirement of carbon credits for an amount equivalent to Scope 1, 2 emissions, and categories 5 (waste generated in operations), 6 (business travel), and 7 (employee commuting to work) of Scope 3.

Global Eco-efficiency Plan 2021-2025 - Mexico Objectives

KPI

2025 Objectives10

Units

Consumption

Renewable electricity

100%

MWh

Electricity consumption

-1%

MWh

Diesel consumption

5%

L

LP gas consumption

0%

L

Natural gas consumption

0%

m3

Water consumption

-0.5%

m3

Paper consumption

-1%

kg

Waste generation

Waste segregation

25%

kg

Carbon footprint

Scope 1 and 2 emissions

100%

tCO2e

Sustainable construction

Certified area

25%

m3

Grupo BBVA is developing a new Global Ecoefficiency Plan with objectives for 2030, which will be implemented starting in 2025, involving teams from different geographies to optimize resources and reduce consumption. BBVA México will align with this plan and its set objectives.

8 For the 2021-2025 Ecoefficiency Plan, 2019 is used as the baseline, as the consumption values for 2020 were affected by the COVID-19 pandemic. The indicators of this plan are subject to formal monitoring by the global head of Talent and Culture.
9 For the purposes of this report, the terms retirement and cancellation are used interchangeably with respect to carbon credits.
10 The base year for all the goals is 2019.

Energy Management

Energy Management

At BBVA México, we strive to increase the use of renewable energy and reduce the carbon footprint produced by our operations. Our activities use electricity (both renewable and non-renewable), fuels (LP gas, natural gas, and diesel), and refrigerants. For electricity, we are supplied by the Federal Electricity Commission (CFE), a wind energy company, and a photovoltaic energy company.

Renewable energy

  • 2025 Pledge: 80% in 2025

  • RE100 Initiative11: 100% in 2030

Carbon footprint

  • 2025 Pledge: -100% in 2025 in Scope 1 and 2 emissions

Energy consumption

Energy-BBVA México, 2024

2022

2023

2024

Units

Electricity consumption from non-renewable sources12

0.50

0

013

MWh

Electricity consumption from renewable sources

121,572

297,383

296,076.96

MWh

Electrical energy consumed per occupant 14

6,850

6.69

6.31

MWh/FTE

Total LP gas consumed*

86,585

110,273

101,202

Liters

Total natural gas consumed

55,089

43,623.66

48,376.76

m3

Total diesel consumed*

284,393.29

298,540.09

449,150.98

Liters

Total gasoline consumed*

505,315.87

507,481.77

535,036.12

Liters

Total R410AC refrigerant consumed

5,613

5,507.88

4,204.75

kg

Total R407C refrigerant consumed

152

89

17

kg

Total R314A refrigerant consumed

19

1.4

52.10

kg

Total R404A refrigerant consumed

71.24

23.6

51.55

kg

Total R22 refrigerant consumed

206.6

124.4

21.40

kg


*The consumption of LPG, diesel, and gasoline during 2024 was calculated using the calorific values established by the National Commission for the Efficient Use of Energy (CONUEE) in the “List of fuels and their calorific values,” which will be used for reporting to the National Emissions Registry (RENE) 2024.
Note: The increase in diesel consumption is due to the commissioning of the new BBVA corporate buildings in Mexico, as well as maintenance activities.

In 2024, 100% of the purchased electricity came from renewable sources.

The energy consumption per employee (MWh/Employee) was 6.4415

11RE100 is a global initiative that brings together the most influential companies in the world committed to 100% renewable electricity.
12The annual electricity consumption data for the Grupo Financiero BBVA México’s Property Base does not include certain locations that are not part of the centralized billing agreement with CFE, for which energy consumption is unknown, among other factors, as it is included as part of the property rent. An energy consumption estimate is made to calculate non-renewable electricity consumption.
13The electricity consumption from non-renewable sources was 185,426.02 MWh, and the equivalent of energy purchased through renewable energy certificates was subtracted. Meanwhile, the renewable energy generated was 110,650.94 MWh. Therefore, the reported figure for Electricity Consumption from Renewable Sources (296,076.96 MWh) is the sum of both renewable and non-renewable energy.
14The average number of occupants in the perimeter of buildings where activities are taking place is considered (46,914 BBVA México employees).
15It includes the consumption of fixed sources within the organization (fuels and electricity).


Energy Efficiency Initiatives

During 2024, we carried out the following actions to improve electrical efficiency in our facilities:

BBVA parks:

  • Turned off lighting in the dining areas starting at 5:30 pm, in a segregated manner, without affecting users or activities.

  • Changed the setpoint from 22°C to 23°C on the floors, except in critical areas.

  • Turned off Air Handling Units (AHU) on weekends and holidays, 24 hours a day.

BBVA Tower

  • Turned off two of the 12 precision air conditioning units serving the Main Distribution Frame (MDF), ensuring that temperature conditions were maintained to avoid affecting equipment operation.

  • Managed lighting in the MDF area. Changed the power of the light fixtures from 29 to 18 watts.

Data Processing Center (DPC):

  • - Migrated to LED light fixtures in the data center and office building to improve energy efficiency.

Carbon Emissions

Carbon Emissions

As a financial institution, BBVA México contributes to combating climate change by aligning with Grupo BBVA’s plans for the transition to a sustainable future and the management of climate-related risks associated with our processes. We join Group BBVA´s commitment to assess the resilience of our strategy against various climate scenarios, as well as to implement a carbon footprint reduction plan, aiming to minimize our environmental impact and promote more responsible practices.

Emissions-BBVA México, 2024

Indicator

2022

2023

2024

Units

Direct CO2 emissions
(Scope 1)

14,829.03

13,224.86

11,064.78

Tons

Indirect CO2emissions
(Scope 2)

0.20

0

016

Tons

Indirect CO2 emissions
(Scope 3)17

12,991.13

36,688.02

39,122.06

Tons

Total CO2e emissions18

27,820.36

49,912.89

50,186.84

Tons

Total CO2 per occupant19

0.66

1.124

1.07

tCO2/FTE

Group BBVA is responsible for the emission calculation methodology for BBVA México. The calculation uses the Salesforce tool, which includes the required emission factors. Both Scope 1 and Scope 2 emissions, as well as Scope 3 emissions, are calculated considering the GHG Protocol standard, established by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). The detailed methodology is explained in the 2024 Grupo BBVA Annual Report (pages 98-100).

Kilometers of air travel-BBVA México, 2024

  • Following up on our scope 3 emissions from categories 6 and 7, which include indirect emissions generated by business trips and employee commuting.

  • Category 6 covers all modes of transport used for business travel.

  • While category 7 considers the modes of transport used by employees to commute between their home and workplace.

We monitor the kilometers traveled by our employees, as shown below:

Indicator

2022

2023

2024

Units

Sections less
than 500 km

2,950,569.68

4,470,949.14

4,785,346.29

km

Sections between
500 to 3,700 km

17,054,415.56

24,939,909.02

25,862,873.61

km

Sections longer than
3,700 km

7,623,026.25

13,234,425.90

12,839,555.34

km

Total

27,628.011

42,645,284.06

43,487,775.24

km


Carbon Credit Purchase

We purchase and retire carbon credits in an amount equivalent to our CO2 emissions from the categories over which we have direct management capacity: scopes 1 and 2, and Scope 3, categories 5, 6, and 7, which correspond to employee commuting, air travel, and waste.

To ensure the quality of these carbon credits, the Group requires that projects be certified under recognized standards such as the Verified Carbon Standard (VCS), Gold Standard, American Carbon Registry (ACR), Climate Action Reserve (CAR), and Plan Vivo, and that they focus on CO2 absorption or capture. Additionally, an internal Voluntary Carbon Market standard was developed, based on best practices, to assess carbon credit programs that guarantee a real and verifiable climate impact. Nevertheless, our primary goal is to reduce our carbon footprint, so the purchase of credits is limited to cases where no technologically or financially viable alternatives exist.

In 2024, we participated in the purchase of 51,000 credits from the community project, which are verified by CAR (Climate Action Reserve).

We purchased 185,426.02 renewable energy certificates, representing 185,426.02 MWh in 2024.

16 Market-based emissions figure. For scope 2 emissions, renewable energy certificates and supply are acquired for an amount equivalent to 109,045.15 tons of CO2
17It includes employee commuting, air travel, and waste.
18Gases included in the calculation of scope 1, 2, and 3 emissions: CO2, CH4, N2O.
19 The total number of occupants is considered as the average of 46,914 employees of BBVA México in 2024.

Water Consumption and Reuse

Water Consumption and Reuse

  • The potable water consumed by BBVA México mostly comes from municipal water systems. We gather potable water data through billing reports from our various facilities, water truck purchases, and consumption estimates for buildings without billing information. As for treated water, we have three buildings equipped with on-site treatment plants (Torre, Parques, and CPD), as well as one building using treated water managed by the Landmark property administration. Treated water generation data is obtained through on-site meters.

  • Wastewater management is carried out in compliance with water quality standards established by both Mexican Official Standards and applicable local regulations. Total water consumption accounts for both extracted water and the volume reused through treatment plants.

  • The amount of water discharged into the municipal sewage system is calculated as the difference between the total extracted water and the volume successfully reused through these treatment processes.

Water-BBVA México, 2024

Indicator

2022

2023

2024

Units

Water
extraction

Third-party
water20

11,785

27,030

90,514.66

m3

Municipal
water

636,001

585,032

510,164.9821

m3

Total water
extracted

647,786

612,062

600,679.64

m3

Water extracted
per occupant22

15.38

13.79

12.823

m3/FTE

Water
discharge

Municipal
drainage

604,541.13

570,975

553,924.3924

m3

Water
consumption

Water reuse
(Treatment
plants)

43,264.874

41,087

46,755.25

m3

Total annual
water consumed

691,051

653,150

647,434.89

m3

Water consumption per occupant was 13.8 m3/FTE

Water consumption per square meter (m³/m²)31 in 2024 was 0.34 m³/m².

20This figure corresponds to the water consumption from third-party sources (water trucks) for Torre BBVA and the Retail Network from January to December 2024.
21The municipal water data includes the sum of water consumption from January to November, plus a projection for December based on 2023 consumption.
22The total number of occupants is considered as the average of 46,914 BBVA México employees in 2024.
23The data for extracted water per occupant includes the sum of municipal water from January to November and third-party water (tankers) from January to December 2024.
24The wastewater discharge figure includes the value from January to November, with an estimate for the month of December.
25For this calculation, we consider an area of 1,888,344.18 sq. m.

Management of Other Direct Environmental Impacts

Management of Other Direct Environmental Impacts

Paper Consumption

Paper Consumption-BBVA México, 2024

Indicator

2022

2023

2024

Units

Total paper
consumed

905,723.50

847,261

720,581.31

kg

Total paper consumed
per occupant

21.52

19.08

15.36

kg/FTE

The total paper consumed per square meter (kg/m²) in 2024 was 0.38.

Waste Management

As part of our circularity strategy, BBVA México aims to segregate waste to prevent it from reaching landfills. BBVA México implements controls to ensure proper segregation, prioritizing the utilization of waste.

These controls include the use of waste logs and other reports from the Environmental Management System, which help measure waste generation and provide detailed tracking of its recovery. This process is crucial for promoting more sustainable practices through supervision, using collection letters, manifests, or payment receipts, to ensure that waste is managed by third parties who comply with legal requirements responsibly across the 19 buildings, including corporate offices, headquarters, and schools, that are part of BBVA México.

Waste Management-BBVA México, 2024

Indicator

2022

2023

2024

Units

Non-hazardous waste 26

594,884

786,737

1,277,24327

kg

Hazardous waste 28

240,560.8

11,795

10,365

kg

In 2024, 1,287.6 tons of waste were managed by BBVA México operations.

Sustainable construction

We have a total of 46,914 occupants in our buildings nationwide, of which 22,241 are in certified buildings.

Indicator

2022

2023

2024

Buildings with ISO 14001:2015 certification

10

11

17

Buildings with LEED Certification

4

8

8

Number of occupants

13,741

17,071

22,241

Certifications ISO 14001:2015 and LEED

24.48%

26.57%

29.90%

26It includes: paper and cardboard, packaging, plastics, glass, organic waste, cooking oil, and non-hazardous waste. The total is equivalent to 1,277.24 tons.
27The data includes the estimated waste generation from the Commercial Network.
28Includes: Fluorescents, electrical and electronic devices, toner, industrial oils, hazardous waste. Equivalent to 10.37 tons.