BBVA sustainable funding activities up nearly 50% year on year

Spanish bank BBVA channeled €63 billion in sustainable funding in the first half of 2025 – an increase of 48% from the previous year.

Sharing the update as part of its interim results on August 1, BBVA added that more than €30 billion of sustainable finance was allocated in the second quarter of 2025, a new quarterly record.

Of the total amount channeled so far this year, 76% was allocated to projects related to climate change and natural capital (including activities linked to efficient water use, agriculture and the circular economy) and 24% to opportunities in the social sphere.

In terms of customer segments, the commercial banking division provided €23.6 billion of sustainable finance (up 53% from the same time last year). Within this figure, financing for natural capital reached nearly €2.34 billion.

Corporate and Investment Banking (CIB) contributed €31.9 billion of the total, a year-on-year increase of 34%. There, the bank has supported the financing of clean technologies and renewable energy projects (which received a total of €1.6 billion), as well as offering new solutions such as reverse factoring with sustainability criteria.

In the retail business, BBVA channeled nearly €7.5 billion – a year-on-year growth of 119%. Some of the projects that received sustainable funding include digital solutions that enable customers to estimate their energy savings potential, as well as hybrid and electric vehicles, which received about €742 million.

BBVA’s new sustainable finance goal and climate strategy

The bank recently set a new sustainable finance target of €700 billion from 2025 to 2029, more than doubling the €300 billion it provided between 2018 and 2025.

BBVA defines sustainable finance within the scope of its goal as “any mobilisation of financial flows in relation with activities, clients or products considered to be sustainable or promoting sustainability in accordance with internal standards and market standards such as the Green Bond Principles, the Social Bond Principles, and the Sustainability Linked Bond Principles of the International Capital Markets Association, as well as the Green Loan Principles, Social Loan Principles, and Sustainability Linked Loan Principles of the Loan Market Association, existing regulations and best practices”. 

BBVA is working to achieve net zero emissions by 2050. The bank has set interim decarbonisation targets for 2030 in ten sectors (oil and gas, electricity, automotive, steel, cement, coal, aviation, maritime transport, aluminum, commercial and residential real estate), and is working on targets in other sectors, such as agriculture.