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
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
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
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 |
14,829.03 |
13,224.86 |
11,064.78 |
Tons |
Indirect CO2emissions |
0.20 |
0 |
016 |
Tons |
Indirect CO2 emissions |
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 |
2,950,569.68 |
4,470,949.14 |
4,785,346.29 |
km |
Sections between |
17,054,415.56 |
24,939,909.02 |
25,862,873.61 |
km |
Sections longer than |
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
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 |
Third-party |
11,785 |
27,030 |
90,514.66 |
m3 |
Municipal |
636,001 |
585,032 |
510,164.9821 |
m3 |
|
Total water |
647,786 |
612,062 |
600,679.64 |
m3 |
|
Water extracted |
15.38 |
13.79 |
12.823 |
m3/FTE |
|
Water |
Municipal |
604,541.13 |
570,975 |
553,924.3924 |
m3 |
Water |
Water reuse |
43,264.874 |
41,087 |
46,755.25 |
m3 |
Total annual |
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
Paper Consumption
Paper Consumption-BBVA México, 2024
Indicator |
2022 |
2023 |
2024 |
Units |
---|---|---|---|---|
Total paper |
905,723.50 |
847,261 |
720,581.31 |
kg |
Total paper consumed |
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.