BBVA is the most sustainable bank in Europe

BBVA is the most sustainable bank in Europe

BBVA has obtained the first position among European banks in the Dow Jones Sustainability Index (DJSI, in its acronym in English), a reference index in the market that measures the performance of the largest companies by market capitalization in economic, environmental and social matters .

Worldwide, the financial institution occupies the third position, as was announced last Friday, November 13, at the close of the market in New York.

BBVA has achieved the highest score (100 points) in the financial inclusion sections; environmental reporting; social reporting; corporate citizenship and philanthropy; occupational health and safety; fiscal strategy; and ‘policy influence’. The financial institution has achieved an overall score of 87 points, 5 points more than in 2019.

“At the beginning of 2020, BBVA included sustainability among its strategic priorities and being the first European bank in the Dow Jones sustainability index shows our commitment to face the social and environmental challenges that lie ahead,” says Ricardo Laiseca, head of BBVA’s Global Sustainability Office.

“We congratulate BBVA for integrating the Dow Jones Sustainability Index, a distinction from the DJSI reflects its being a leader in sustainability in its industry. With a record number of companies evaluated in corporate sustainability in 2020 and with more demanding rules for inclusion this year, [esta distinción] highlights your company and recognizes the continued commitment to people and the planet, ”says Manjit Jus, global director of ESG Research & Data, S&P Global.

The Dow Jones Sustainability Index is an international benchmark in sustainability carried out by the SAM rating agency, which is part of S&P Global. This year the highest level of participation by companies was registered, 18.9% more than in 2019. Only 25 banks worldwide are part of the ranking of a total of 253 evaluated in their sector.

The companies analyzed respond to an extensive questionnaire each year made up of almost a hundred questions, in which topics such as climate change strategy, talent management or environmental information are assessed.

In 2020, BBVA has published its General Sustainability Policy and its first report on the risks and opportunities of climate change in accordance with the standard of the Task Force Climate-related Financial Disclosure (TCFD) for its acronym in English).

The report reflects the entity’s progress in incorporating climate risk in the management of all businesses and its commitment to accompany its clients towards a more sustainable future.

BBVA has recently joined the Nasdaq Sustainable Bond Network (NSBN), becoming the only Spanish bank present on this platform.