RESPONSIBLE
FINANCE
THE DRAFTING OF THE 2008 HANDBOOK ON SOCIAL AND
ENVIRONMENTAL RISK MANAGEMENT IN FINANCING AND
GUARANTEES IS A MAJOR QUALITATIVE LEAP FORWARD
FOR THE FULL INTEGRATION OF THESE RISKS INTO BBVA’S LENDING
BUSINESS.
36
Reduction of
stablishments in tax
havens since 2004
RESPONSIBLE
RISK
MANAGEMENT
AT BBVA
For the BBVA Group, risk
management is one of its
main pillars, as well as one of
its main strengths. Within the
present environment, strict
and responsible risk management enables BBVA
to position itself as one of the strongest banks,
maintaining better financial ratios than its
252,705
Number of customers
analysed with Ecorating
(+29%)
Peru: pioneers in risk management thanks to the Environmental Risk Management Unit
Peru is a country whose industrial mining business makes it especially vulnerable in terms of social and environmental issues.
Mindful of this, BBVA Banco Continental has managed to become a pioneer in the Peruvian market through the drafting of a social
and environmental risk management policy, as well as through the development of a social and environmental risk management
system as the main tool for its implementation.
The Bank has extended the expertise and best practices in environmental issues related to its operations, as well as capitalising
on the opportunities presented by new emerging environmental markets,
with the incentive being an environmental credit line received from the
International Finance Corporation (IFC). In March 2007 it created the
Environmental Risk Management Sub-unit, within the CBB
Credit Risk Unit in the Risk Area; likewise, in May 2007
it approved its Environmental Risk Management
Policy. Since then it has developed a series of
measures and procedures for identifying,
assessing and managing the social and
environmental risks of the investment
projects it finances.
49,939
Employees who have taken
part in training schemes
on the prevention of
money laundering
competitors, with considerable differential
robustness thanks to the Group’s comfortable
liquidity position, the high quality of its assets
and its acknowledged solvency.
This risk management means that BBVA
can adapt to the changing environment, from a
position of security and with extensive room
for manoeuvre.
RESPONSIBLE FINANCE
Corporate Responsibility Report 2008
31
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