Key Impact Points:

• BBVA partners with BloombergNEF to enhance its energy transition knowledge and better serve clients.
• Financial institutions play a crucial role in accelerating clean energy adoption and financing solutions.
• BBVA expands sustainability commitments, increasing its 2030 emission-reduction targets and boosting sustainable finance goals.

BBVA has teamed up with BloombergNEF (BNEF) to bolster its expertise in clean technology and the energy transition. This partnership gives BBVA access to BNEF’s research and analytics, equipping its professionals with deeper insights to help clients navigate the evolving energy landscape.

Why it matters:

Financial institutions are pivotal in funding the transition to clean energy. By leveraging BNEF’s expertise, BBVA aims to enhance its sustainability-focused financial solutions and drive greater value for businesses adapting to the new energy economy.

The details:

• BNEF’s global analysts will share insights on technologies, financing trends, and market opportunities shaping the transition.
• BBVA is prioritizing knowledge-sharing to strengthen its sustainability capabilities and client support.
• The partnership aligns with BBVA’s broader sustainability strategy, which includes significant climate commitments.

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What they’re saying:

“By investing in knowledge, we are not only supporting our professionals but also empowering our clients to make informed decisions in an evolving energy landscape,” said Javier Rodríguez Soler, BBVA’s Global Head of Sustainability and Corporate & Investment Banking.

“Investment in clean technologies will continue to surge, but the landscape will become increasingly complex. We’re delighted to support BBVA as it navigates these opportunities and challenges,” added Albert Cheung, Deputy CEO, BloombergNEF.

BBVA’s growing sustainability push: BBVA sees sustainability as a major business opportunity and has expanded its 2030 emission-reduction targets to include the real estate sector in Spain and the global aluminum industry. This is in addition to its existing targets for high-emission sectors like oil and gas, power generation, and steel.

The bank has also more than doubled its sustainable finance goal, committing to channel €700 billion into sustainable business from 2025 to 2029—far exceeding its previous target of €300 billion.

The bottom line:

BBVA’s alliance with BNEF is a strategic move to stay ahead in clean tech finance, reinforcing its role as a leader in sustainable banking while supporting businesses in the transition to a low-carbon economy.

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