RESPONSIBLE MANAGEMENT OF HHRR
Corporate Responsibility Report 2008
46
manages the purchase of tickets for theatre or
music performances at a reduced price on a
permanent basis.
4. “Senior”: it is a relation model for early
retired, retired staff and widows or widowers of
BBVA employees. This collective has, among
others, its own internet portal, on which they can
access the online version of Adelante, the BBVA
corporate magazine, or the Group’s IP television
channel. Likewise, the Senior collective has been
included in the cultural and sports offers which
may be of interest to them.
5. Volunteer work: it seeks to promote and
facilitate the participation of BBVA active, earlyretired
and retired employees in community service
schemes as a means to channel and implement one
of the principles of our corporate culture.
Further information is available in the chapter
“Corporate Volunteer Work”.
PERSONAL
BENEFITS
It covers different initiatives
of an economic nature that
supplement and improve the
Group’s remuneration policy. Among others,
worthy of particular mention are:
– Flexible remuneration system, available to all
Group employees, regardless of their
organisational level, in all countries where this
type of arrangement is feasible.
– Non-financial products and services with
discount: BBVA arranges agreements with
different companies to allow its employees to
avail of significant discounts in the purchase of
hotel accommodation, computers, and air fares,
courses in business schools or health services.
– Virtual notice board, on which significant
exclusive offers from different companies and
suppliers for BBVA employees are posted.
– General benefits, involving the banking terms
offered to the individual in their capacity as
employee. With respect to loans and credit for
employees, in December 2008, BBVA took the
unilateral and extraordinary decision to apply
a more beneficial reference rate in 2009 than
that set in BBVA Spain’s resolutions, in the
case of social loans and different types of
credit, in view of the current economic
situation and the evolution of interest rates.
Moreover, 2008 saw the launch throughout
the Group of the +acción (+share) plan, which
allows employees to purchase company shares
on advantageous terms.
PENSIONS AND BENEFITS SYSTEMS.
In 2008, the BBVA Staff retirement plan adhered
to the United Nations Principles for Responsible
Investment (PRI), and its entire portfolio is now
managed under SRI criteria. This decision was
taken by the committee in charge of the plan.
The said committee is made up of workers’
representatives, the representatives of beneficiaries
and the bank itself. At the close of 2008, the Staff
retirement plan had assets of approximately
€1,900m and over 41,100 holders.
As regards the rest of the Group’s companies,
it should be mentioned that the global pensions
and benefits framework was altered with the
integration of most of US businesses under the
umbrella of BBVA Compass. In Mexico, the
existing benefit commitments were transformed
into a newly defined contribution plan. All this
will evolve towards the definition of a new
corporate model for procedure in the matter of
investment in which the measures necessary for
the gradual incorporation of SRI criteria will be
considered.
NON- DISCRIMI-
NATION, EQUAL
OPPORTUNITIES
AND RECONCI-
LING WORK AND
PERSONAL LIFE
In 2008, BBVA launched the
Plan Integra with an aim to
promoting the social and
work integration of disabled
people, as well to reinforcing
the concepts of equality of
opportunities, non-discrimination and universal
accessibility, starting with a first-stage
implementation in Spain.
The plan is managed transversally by the Human
Resources, Procurements, Premises & Services,
Business, and Corporate Responsibility &
Reputation areas. In order to define and develop this
plan, organisations representing the disabled in Spain
collaborated directly with BBVA. Commitment to its
proposals was formalised by means of a framework
agreement for the development of the said plan
signed with COCEMFE, FEACEM, FEAPS, and the
ONCE Foundation.
One of the plan’s first initiatives was to
organise the Premio INTEGRA de BBVA (BBVA
INTEGRA Award), which acknowledges
innovative projects that generate value in
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