In 2022, BBVA channeled €50 billion into sustainable business, up 41% from the €35.4 billion mobilized in 2021. The bank has now channeled a total of €135.9 billion since 2018, when it announced its sustainable business mobilization target through 2025. That target, set initially at €100 billion, was trebled in October 2022 to €300 billion , thanks to the reinforcement of the product offering in the wholesale and retail segments. "Investments in sustainability are highly attractive economically for both companies and individuals. This enables us at BBVA to undertake this effort, which is critical for society and the planet, as a business opportunity, with strong growth and high returns," said Javier Rodríguez Soler, BBVA’s Global Head of Sustainability. The €135.9 billion in sustainable finance between 2018 and 2022 has been allocated to the two vectors that guide BBVA’s purpose in the field of sustainability: climate action and inclusive growth . This amount includes project and corporate finance, transactional banking, bond distributed and investment products managed or marketed by BBVA. BBVA’s sustainable business in 2022 Of the €50 billion that BBVA channeled into sustainable business in 2022, 81% was allocated to climate change and 19% to inclusive growth. The breakdown […]