Spanish banking group BBVA announced the launch of its new 2026–2030 Global Eco-efficiency Plan, outlining a series of targets aimed at reducing the environmental impact of the bank’s operations.

The new plan included a goal for BBVA to source 100% of its electricity from renewables by 2030, with the bank revealing that it reached 99% towards this target already in 2025.

The new roadmap builds on BBVA’s 2021–2025 Global Eco-efficiency Plan, which the bank said achieved all of its objectives two years ahead of schedule.

BBVA said that since 2019, it has reduced Scope 1 and 2 emissions by 83%, while lowering per-employee electricity consumption by 22%, energy consumption by 19%, water use by 36%, paper consumption by 44%, and net waste generation by 33%. The bank added that environmentally certified floor space reached 62% of its portfolio, exceeding its prior target of 45%.

Under the new plan, BBVA aims to further improve energy, water and paper efficiency per employee, reduce indirect operational emissions, and increase the share of environmentally certified buildings, with a target for two-thirds of its facilities to hold at least one environmental certification by 2030, according to the company.

The bank said that the strategy is structured around five key pillars, including renewable energy, through power purchase agreements, renewable energy certificates and on-site generation; energy efficiency, with initiatives including promoting the modernization of lighting, climate control and building management systems; sustainable mobility, including through the gradual renewal of its fleet to electric or low-emission vehicles; resource and waste management, including implementing additional measures to save water, reduce paper consumption and increase recycling and recovery, and; operational decarbonization, targeting steps to reduce both direct and indirect emissions related to Group activities.

The bank said that its electricity strategy includes renewable power purchase agreements in Spain, Mexico, Türkiye and Argentina and the use of guarantees of origin in several markets and on-site solar generation in countries like Spain, Mexico, Türkiye, Argentina, Peru and Uruguay.

In addition, BBVA said that it continues to use internal carbon pricing mechanisms to incentivize emissions reductions across its operations. In 2025, the bank retired 167,532 carbon credits and maintained an internal carbon price of €32 per ton, charged across Group geographies based on their carbon footprint.

Apart from direct emissions from its operations, BBVA also manages its indirect emissions (Scope 3), which make up the bulk of its carbon footprint, with the financed portfolio (category 15 of the financed Scope 3 emissions) accounting for around 99% of the bank’s emissions.

The bank said that to support portfolio decarbonization, it has established sector-specific transition strategies and set intermediate 2030 emissions reduction targets aligned with decarbonization pathways. The bank added that it is promoting initiatives targeting other indirect emissions, including sustainable mobility programs for employees, including electric vehicle charging stations, corporate shuttles and car sharing solutions.

Alberto Agustín, Head of Premises and Services at BBVA said:

“The new plan is a key lever to reduce the environmental impact of our direct activities. This approach reinforces our commitment to more efficient building management by relying on technology and increasingly stringent standards. Now, we are taking it a step further and raising our sights to continue reducing consumption and emissions across our entire real estate network.”