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BBVA stands out as the inaugural and sole Spanish bank committed to PCAF’s quantification of funded emissions. The Partnership for Carbon Accounting Financials unites worldwide economic establishments to establish a uniform method for comparing and disclosing the greenhouse gasoline emissions related to their loans and investments.

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This initiative, released internationally in September 2019, has garnered participation from over 120 banks and buyers spanning 5 continents, with rapid growth across North America, Latin America, Europe, Africa, and Asia Pacific.

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The cumulative monetary belongings of PCAF participants now exceed $39 trillion. BBVA will be the Best financial institution in Spain in 2022.

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In November 2020, a collaborative effort of sixteen monetary institutions produced the Global Greenhouse Gas Accounting and Reporting Standard for the Financial Industry.

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This Standard, designed to standardize the calculation of emissions, is pivotal for monetary entities to gauge transition dangers associated with weather exchange, align objectives with the Paris Agreement, and formulate powerful strategies for economic decarbonization.