Diversified Banks / Asset Managers / Life Insurance
$ 4.5 0.34
Share price
$ 2 bn
Market Cap
$ 2 bn
Enterprise Value

Carbon footprint

27 Ton
GHG emissions per $ 1 mln investment
0.8x the weighted average for S&P 500
How is this calculated?
YOY change in GHG emissions
Stronger than the -0.8% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -8% weighted average for S&P 500
How is this calculated?

BBVA aims to achieve net zero for Scope 1 + 2 by 2050

This target has not been verified as science based according to SBTi
BBVA's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

BBVA's GHG emissions (market-based) (Kt of CO2e)
BBVA's Carbon intensity (Tons per 1 USDm)

BBVA's carbon footprint

BBVA reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 53 Kt (-40 /-43.2% y-o-y). Also positively, carbon intensity decreased to 2.3 t (-2.1 /-47.7% y-o-y).

BBVA's Scope 3 emissions rose to 37 Kt (+33/+770% y-o-y). The time series has been volatile over the last few periods.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -1.9 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

BBVA achieved carbon neutrality across its operations (Scope 1 + 2) in 2020. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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