Home Argentina economy BBVA reduces overall energy consumption per employee by 14% in two years

BBVA reduces overall energy consumption per employee by 14% in two years


In 2021, the bank achieved a 67.5% reduction in direct carbon dioxide emissions globally compared to 2015, approaching the 68% target set for 2025. Additionally, in 2021, 79 % of the energy consumption of BBVA facilities worldwide came from renewable sources. , exceeding the 70% target set in the bank’s 2025 commitment on direct environmental impacts. BBVA become carbon neutral in terms of direct emissions in 2020. In 2021, the bank offset more than 102,000 tonnes of carbon dioxide emissions.

Support the circular economy

One of the main drivers of accelerating climate change is waste generation resulting from linear consumption practices. BBVA is therefore supporting the transition to circular consumption thanks to sustainable construction standards and the implementation of ISO 14001-certified environmental management systems. In order to minimize the volume of waste sent to landfill, the bank provides clearly demarcated areas in its facilities for precise sorting of waste for subsequent recycling. .

BBVA has launched a series of recycling initiatives: in 2018, for example, the bank launched the plastic-free BBVA initiative as part of its sustainability strategy. BBVA has partnered with Sodexo, its catering supplier, to eliminate as much plastic as possible in its headquarters and offices around the world, and to replace plastic packaging and cutlery with biodegradable materials.

Elsewhere, the bank donates surplus food from restaurants at its Madrid headquarters to the San Juan Bautista de la Orden de Malta soup kitchen, under the aegis of the Banco de Alimentos charity.

BBVA recently received the ‘Hacia Residuo Cero’ certificate from AENOR for its headquarters in Madrid and for its back-office processing center in Malaga. The certificate recognizes the bank’s beneficial role in recovering waste and accurately sorting waste for recycling, which supports a successful circular economy.

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