BBVA achieves €30 billion in Q2 for sustainable financial initiatives
BBVA, a leading global bank, has demonstrated its commitment to sustainable finance with a significant increase in green and social projects in the first half of 2025. The bank provided €742 million in loans for hybrid and electric vehicles, contributing to a reduction in transport-related CO2 emissions.
This momentum comes as BBVA works towards its Net Zero emissions target by 2050, setting interim 2030 decarbonization targets for ten sectors. The bank's efforts are in line with a global boom in sustainable finance, with green bond issuance expected to surpass €1 trillion annually by the end of 2025.
BBVA's H1 2025 total came to €63 billion ($68.5 billion), marking a 48% jump from the same period in 2024. The remaining 24% was allocated to social projects, including infrastructure for education and healthcare, entrepreneurship support, funding for small businesses, and financial inclusion for underserved communities.
In the realm of renewable energy, BBVA financed projects worth €1.6 billion in Corporate and Investment Banking alone. This figure includes Iberia's first renewable hydrogen plant, funded in H1 2025.
BBVA's digital platforms are also playing a crucial role in building transparency and trust by helping clients understand the environmental impact of their investments.
The bank's strategies for sustainable financing between 2025 and 2029 focus on significantly increasing the volume of finance channeled to sustainable business initiatives, advancing ESG investments, and engaging actively in European and global climate finance collaborations. By mid-2025, BBVA had already funneled €63 billion into sustainable business activities, a 48% year-on-year increase, targeting green, social, and governance-aligned projects.
Key strategies include scaling sustainable business finance, issuing and managing ESG bonds, collaboration in energy efficiency financing, and commitment to long-term sustainable investments by geography. BBVA Mexico, for instance, announced a record investment plan exceeding €4.57 billion by 2030.
Achievements seen by mid-2025 include a more than 50% increase in sustainable finance channeling compared to the same period a year earlier and the early fulfillment of the bank’s strategic plan goal to mobilize €300 billion in sustainable finance before 2026. BBVA has also raised awareness and capital allocation particularly toward green bond issuances and social impact projects.
The rise of ESG investing signals a shift in the role of banks, with customers, investors, and governments expecting institutions to be active players in the climate transition. BBVA's sustainable finance strategy combines profitability with purpose, demonstrating that climate action and social impact can be growth drivers.
Over 70% of large corporations now follow ESG strategies, driven by customer demand and regulatory pressure. BBVA's expanded goal is to channel €700 billion in sustainable finance from 2025 to 2029, more than doubling its previous plan.
The bank's recent achievements include sponsoring the Energy Tech Summit in Bilbao, attracting over 1,500 cleantech experts from 40+ countries, and announcing a landmark project finance deal - the first in the Iberian Peninsula for a hydrogen plant powered entirely by renewable energy. BBVA also mobilized €30 billion ($32.5 billion) in green and social projects in Q2 2025, its highest quarterly result ever.
BBVA reported €5.45 billion in profit for H1 2025 and maintains strong capital reserves, demonstrating the bank's sustainable finance strategy is not only environmentally friendly but also financially viable.
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