• Ambitious Increase: BBVA’s new target of €700 billion more than doubles its previous goal.
• Accelerated Timeline: Achieving this milestone over a condensed five-year period (2025–2029).
• Strategic Focus: Investments centered on climate change, natural capital, and inclusive social growth.

BBVA’s New Sustainable Business Goal

BBVA will channel €700 billion in sustainable business between 2025 and 2029—more than double its earlier target of €300 billion, which was reached in December 2024, one year ahead of schedule. The shorter five-year period highlights an accelerated drive for transformation.

Leadership Endorsement

Javier Rodríguez Soler, BBVA’s Global Head of Sustainability and Corporate and Investment Banking, explained:
“At BBVA we continue to view sustainability as a strategic priority and a key driver of differential growth. We believe that the business opportunity in the second part of the decade will be driven by solid investment in infrastructure and by the maturity of certain new clean technologies, which will make them ―many of those that are not yet― profitable.”

Focus Areas and Strategic Initiatives

BBVA will support clients through targeted financing and advisory services in:

• Climate Action & Natural Capital: Projects addressing water, agriculture, and circular economy.
• Inclusive Growth: Funding social, educational, and health infrastructure; supporting entrepreneurs; and enhancing financial inclusion.

Related Article: BBVA Reaches €300 Billion Sustainable Business Target a Year Early

Background and Progress

Since setting sustainability as a core strategic priority in 2019, BBVA has gradually raised its sustainable business targets—from an initial €100 billion in 2018 to a revised €300 billion goal, achieving this milestone one year early. To date, 78% of sustainable funds have been allocated to climate and natural capital initiatives, with 22% fueling inclusive growth projects.
Corporate and Investment Banking leads the charge with 59% of transactions, followed by 27% from companies and 14% from retail clients.

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