BBVA Channels €63 Billion into Green and Social Finance in H1 2025, Sets New Q2 Record

BBVA Channels €63 Billion into Green and Social Finance in H1 2025, Sets New Q2 Record

(IN BRIEF) In H1 2025, BBVA allocated around €63 billion to sustainability initiatives—a 48 percent rise year-on-year—including a record €30 billion in Q2 alone. Climate change and natural-capital projects accounted for 76 percent of the total, with social-impact ventures making up the remainder. Commercial Banking led with €23.6 billion (+53 percent), driven by strong agricultural financing in Mexico. CIB contributed €31.9 billion (+34 percent), focusing on renewables and clean technologies, while Retail Banking nearly doubled its sustainable loans to €7.5 billion (+119 percent), notably for energy-saving tools and green vehicles. BBVA also sponsored the Energy Tech Summit 2025, announcing Iberia’s first renewable-powered hydrogen plant financing. The bank has raised its 2025–2029 sustainable-finance target to €700 billion and remains on track for Net Zero by 2050 with interim sectoral decarbonization objectives.

(PRESS RELEASE) BILBAO, 1-Aug-2025 — /EuropaWire/ — BBVA’s sustainable financing momentum accelerated sharply in the first half of 2025, with the bank directing about €63 billion toward green and social projects—a 48 percent increase over the same period last year. In the second quarter alone, BBVA set a new record by channeling more than €30 billion into sustainability-focused initiatives.

Three-quarters of that €63 billion supported climate-related and natural-capital activities—including water-use efficiency, sustainable agriculture, and circular-economy ventures—while the remaining 24 percent addressed social priorities such as healthcare, education infrastructure, entrepreneurial support, and financial inclusion.

Breaking down results by business line:

• Commercial Banking financed €23.6 billion (+53 percent year-on-year), with nearly €2.34 billion dedicated to natural-capital projects. Half of that natural-capital financing was concentrated in Mexico’s agricultural sector.
• Corporate & Investment Banking (CIB) contributed €31.9 billion (+34 percent), driving growth through clean-tech and renewable energy funding as well as sustainability-linked reverse-factoring and other bespoke solutions. Renewable energy projects alone accounted for about €1.6 billion in financing.
• Retail Banking nearly doubled its sustainable outlays, channeling €7.5 billion (+119 percent). Key highlights included customer-facing digital tools to estimate home energy savings and financing for hybrid and electric vehicles, totaling approximately €742 million.

These figures exclude BBVA Asset Management and Fundación Microfinanzas BBVA activities and reflect only mobilized finance under recognized market standards (Green/Social/Sustainability-Linked Bonds and Loans Principles). Although some transactions may not immediately appear on BBVA’s balance sheet, they are tracked according to stringent internal and external criteria.

During Q2, BBVA took center stage as main sponsor of the Energy Tech Summit 2025 in Bilbao, where over 1,500 cleantech experts from 40 countries convened. There, the bank unveiled Iberia’s first renewable-powered hydrogen plant project finance, slated for operation in early 2026—underscoring BBVA’s role in advancing decarbonization technologies.

Looking ahead, BBVA has set an ambitious €700 billion sustainable-business target for 2025–2029—more than double its previous goal of €300 billion for 2018–2025, which it surpassed in December 2024. Alongside this financing drive, the bank continues implementing its Net Zero by 2050 transition plan, with interim decarbonization pledges across ten high-impact sectors and forthcoming targets for agriculture and other industries.

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SOURCE: BBVA