• BBVA increased sustainable business financing by 48% year-on-year, reaching €63 billion in H1 2025, with over €30 billion in Q2 alone — a new quarterly record.
• Climate and natural capital initiatives received 76% of total financing, while social-focused projects accounted for 24%, spanning health, education, and financial inclusion.
• BBVA raised its sustainable business target to €700 billion for 2025–2029, more than doubling its previous goal and accelerating the timeline from eight years to five.

BBVA has channeled approximately €63 billion into sustainable business during the first half of 2025 — a 48% increase compared to the same period last year. The second quarter alone saw more than €30 billion allocated, setting a new quarterly record for the bank.

Of the total, 76% was directed to climate change and natural capital projects, including efficient water use, sustainable agriculture, and circular economy initiatives. The remaining 24% went to social projects, supporting infrastructure in education and health, entrepreneurship, and financial inclusion.

By customer segment, the Commercial Banking division led with €23.6 billion — up 53% year-on-year — with natural capital financing at nearly €2.34 billion. Notably, agriculture in Mexico accounted for about half of that figure.

Corporate and Investment Banking (CIB) contributed €31.9 billion, growing 34% year-on-year. BBVA focused on clean technology and renewable energy project financing, with about €1.6 billion allocated to renewable energy. It also expanded services such as reverse factoring with sustainability criteria.

RELATED ARTICLE: BBVA Reaches €300 Billion Sustainable Business Target a Year Early

In the retail segment, BBVA channeled €7.5 billion — a 119% year-on-year increase. Key drivers included digital tools helping customers estimate energy savings and €742 million in financing for hybrid and electric vehicles.

During the quarter, BBVA was the main sponsor of the 2025 Energy Tech Summit in Bilbao, which brought together over 1,500 cleantech experts from more than 40 countries. At the summit, BBVA announced the first project finance initiative for a hydrogen plant powered by renewable energy in the Iberian Peninsula. The plant is expected to be operational in the first half of 2026 and signals the bank’s backing of decarbonization technologies.

BBVA’s sustainability strategy rests on three pillars: climate, natural capital, and social opportunity. The bank now targets €700 billion in sustainable business channeling from 2025 to 2029, more than double its previous €300 billion goal for 2018–2025 — a milestone it reached in December 2024, one year ahead of schedule.

Alongside its financing strategy, BBVA continues its Net Zero transition plan for 2050. The bank has already set 2030 decarbonization targets across ten sectors, including oil and gas, electricity, automotive, and real estate, and is now working on target-setting for agriculture.

Follow ESG News on LinkedIn