Bank BBVA reaches €30 billion in Q2 for sustainable financial initiatives
BBVA, a global leader in digital banking, is making significant strides in sustainable finance. The Spanish bank's digital platforms are helping clients understand the environmental impact of their investments, building transparency and trust.
In a bold move, BBVA has announced plans to channel €700 billion in sustainable finance between 2025 and 2029, more than doubling its previous plan with a shorter deadline. This ambitious goal is part of BBVA's commitment to supporting the United Nations Sustainable Development Goals (SDGs).
Accelerating Sustainable Finance Allocations
To achieve this ambitious goal, BBVA has outlined key strategies and initiatives. These include significantly accelerating and scaling sustainable finance allocations, focusing heavily on climate and natural capital projects, as well as social impact initiatives.
One of the main elements of BBVA's approach is doubling the previous target and shortening the timeline. The bank raised its sustainable financing target from €300 billion (2018–2025) to €700 billion for 2025–2029, compressing the timeline from eight years to five, reflecting a strong acceleration of sustainable business commitments.
Focused Financing Allocation
In H1 2025 alone, BBVA channeled €63 billion into sustainable business, an increase of 48% year-on-year. Approximately 76% of this financing targeted climate and natural capital sectors, such as efficient water use, sustainable agriculture, the circular economy, and other environmental initiatives. The remaining 24% supported social projects like education, health, entrepreneurship, and financial inclusion.
Sectoral Decarbonization Targets and Transition Plans
BBVA is advancing its Net Zero transition plan with 2030 decarbonization targets already set in ten major sectors, including oil and gas, electricity, automotive, real estate, and more. This indicates a strategic effort to align financing with emission reduction pathways across critical industries.
Collaborative Initiatives for Energy Efficiency and Clean Tech Knowledge
BBVA participates in initiatives like the European Energy Efficiency Financing Coalition to co-create and share best practices for energy efficiency and decarbonization in European buildings and industry, broadening its impact beyond direct financing.
An agreement with BloombergNEF strengthens BBVA’s expertise in clean technologies and energy transition, enabling more informed financing decisions that support sustainable technology deployment.
Commercial Banking Leadership
Within different customer segments, BBVA’s Commercial Banking division leads sustainable financing efforts, notably in natural capital financing, including strong support to sectors like Mexican agriculture, highlighting a regional and sector-focused approach.
Record-Breaking Performance
BBVA mobilized €30 billion ($32.5 billion) in green and social projects in Q2 2025, a new record for the bank. The bank's total sustainable financing for the first half of 2025 reached €63 billion ($68.5 billion), a 48% increase from the same period in 2024.
Green bond issuance could surpass €1 trillion annually by the end of 2025, reflecting the growing global focus on sustainable finance.
Expanding Partnerships and Offerings
BBVA plans to expand partnerships, scale retail offerings, and enhance digital sustainability tools to meet its €700 billion sustainable finance goal by 2029. The bank reported €5.45 billion in profit for H1 2025 and maintains strong capital reserves.
BBVA's commitment to sustainable finance is evident in its recent announcements, including a landmark project finance deal - the first in the Iberian Peninsula for a hydrogen plant powered entirely by renewable energy. The plant will receive €1.6 billion in funding for renewable power and Iberia's first renewable hydrogen plant.
Moreover, €2.34 billion will be allocated for water conservation, sustainable agriculture, and biodiversity protection. BBVA's Retail Banking channeled €7.5 billion, up 119%.
As BBVA continues to lead the green banking race, combining technology, strong performance, and measurable impact, it is clear that the future of finance is sustainable.
- BBVA, a global leader in digital banking, is making significant strides in sustainable finance, using its digital platforms to help clients understand the environmental impact of their investments.
- BBVA aims to channel €700 billion in sustainable finance between 2025 and 2029, more than doubling its previous plan with a shorter deadline, reflecting a strong acceleration of sustainable business commitments.
- To achieve this ambitious goal, BBVA has outlined key strategies and initiatives, including significantly accelerating and scaling sustainable finance allocations.
- The banking sector's focus on climate-change and natural capital projects, as well as social impact initiatives, has become a major focus for BBVA.
- BBVA has set decarbonization targets in ten major sectors, including oil and gas, electricity, automotive, real estate, and more, demonstrating a strategic effort to align financing with emission reduction pathways across industries.
- BBVA is participating in collaborative initiatives like the European Energy Efficiency Financing Coalition, co-creating and sharing best practices for energy efficiency and decarbonization in European buildings and industry.
- An agreement with BloombergNEF strengthens BBVA’s expertise in clean technologies and energy transition, enabling more informed financing decisions that support sustainable technology deployment.
- Within customer segments, BBVA's Commercial Banking division leads sustainable financing efforts, notably in natural capital financing and sectors like Mexican agriculture.
- BBVA mobilized €30 billion ($32.5 billion) in green and social projects in Q2 2025, a new record for the bank, and its total sustainable financing for the first half of 2025 reached €63 billion ($68.5 billion), a 48% increase from the same period in 2024.
- BBVA plans to expand partnerships, scale retail offerings, and enhance digital sustainability tools to meet its €700 billion sustainable finance goal by 2029 and maintain strong capital reserves.
- BBVA's commitment to sustainable finance is evident in its recent announcements, such as a landmark project finance deal for a hydrogen plant powered entirely by renewable energy, demonstrating the potential for clean energy investment and the future of finance being sustainable.
