CR PRINCIPLES AND POLICY
Corporate Responsibility Report 2008
14
LEGAL COMPLIANCE. At 31 December 2008,
the BBVA Group has not recorded any fines or
penalties for breaches of legislation or regulations
related to environmental issues, its operations in
society or the supply and use of products and
services, which might be significant regarding its
equity, financial situation and consolidated results.
No litigation related to instances of discrimination
has been brought against the Group in Spain by
any employee, and no legal claims of any
significance have been filed involving working
conditions.
INTERNATIONAL AGREEMENTS
SUBSCRIBED. BBVA continues to adhere to
the following initiatives:
• United Nations Global Compact
(www.globalcompact.org)
• United Nations Environmental Programme
Finance Initiative (UNEP FI) (www.unepfi.org)
• Equator Principles (www.equatorprinciples.com)
• United Nations Principles for Responsible
Investment (www.unpri.org)
Furthermore, BBVA publicly manifests its
respect for the United Nations’ Universal
Declaration of Human Rights (www.un.org) and
for the basic employment legislation of the
International Labour Organisation (www.ilo.org).
Economic Value Added (EVA) (1) . Breakdown by stakeholder group (Million euros)
Shareholders Dividends
Employees Personnel costs
Customers Interest and similar charges (2)
Suppliers Other general administrative expenses (3)
Society Corporate income tax
Resources allocated by the BBVA Group
Resources allocated by BBVA´s foundations
Economic Value Added (EVA) (1)
(1) Calculated according to SPI - GRI model. See www.spifinance.com. The figures from 2006 and 2007 have been adapted to the accountant classification criteria adopted in 2008 in the
Annual Financial Statements.
(2) Interest expense and similar charges from financial activity. Doesn´t includes commissions.
(3) Approximation adjusted to payments made to third parties under the heading of purchases and services rendered.
Scope: BBVA Group.
The business of the financial sector is
characterised by highly-skilled human capital,
thereby making it unlikely that problems will arise
regarding human rights, such as child or forced
labour or major risks to the freedom of
association.
In 2008, coinciding with the 60th anniversary
of the Universal Declaration of Human Rights,
BBVA undertook two actions of note: the
subscription of a declaration made by the UN
Global Compact to mark this anniversary and the
launch of a course on Human Right for Group
employees with a personalised letter to each
employee from the Group’s chairman, urging them
to take part. (More details are available in the
chapter “Responsible management of Human
Resources”).
VALUE
CREATION FOR
STAKEHOLDERS
The second of BBVA’s
corporate principles involves
“The creation of value for our
shareholders and remaining
stakeholders through our business”. BBVA
understands the creation of value to be one of its
main roles and its most important contribution to
the societies in which it operates, for it not only
involves economic value for shareholders, but also
the generation of value for customers, employees,
suppliers and society at large.
2008
2007 2006
1,878 2,717 2,220
4,716 4,335 3,989
18,718 16,548 11,904
2,999 2,883 2,311
1,541 2,080 2,059
41 34 31
44 35 25
29,879 28,632 22,539
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