OVERVIEW OF THE YEAR Corporate Responsibility
BBVA fosters Socially Responsible Investment (SRI), being the first Spanish bank to adhere to the United Nations
Principles for Responsible Investment
The BBVA considers Socially Responsible
Investment (SRI) to be one of the more
genuine expressions of a financial
institution’s Corporate Responsibility
and one of the mainstays of its
Corporate Responsibility policy. BBVA
has therefore taken a major step forward
by becoming the first Spanish bank to
adhere to the UN Principles for
Responsible Investment, thereby
committing to the progressive inclusion
in investment analysis and
BBVA has pledged to reduce its CO 2 emissions by 20% by 2012 through the launch of the
Global Eco-efficiency Plan
The Plan has five blocks of action lines and numerous schemes in each one of them, which are managed through a
scorecard that highlights six specific indicators related to six targets for 2012 designed to facilitate the monitoring
and assessment of their fulfilment:
• Separation and recycling of urban solid waste and hazardous waste
• Separation and recycling of computer waste
• Reduction in the consumption of electricity per employee
• Reduction in the consumption of water per employee
• Reduction in the consumption of paper per employee
• Sustainable procurement policy
• Increase in ISO 14001 certificates
• Seeking LEED certification for the new headquarters in Madrid,
Mexico and Paraguay
• Implementation of a green vehicles policy
• Use of videoconferencing and a reduction in travel
• Offsetting C0 2 emissions and reforesting
• Programmes in training, dissemination and awareness
The implementation of the numerous schemes planned will mean an
annual saving for BBVA of €1.5m as from 2012.
All-in-all, BBVA seeks to respond to one of the major challenges
humanity now faces and which involves the environment, namely,
climate change and energy efficiency.
decision-making of social, environmental
and corporate governance criteria in
asset management.
The body responsible for managing
staff retirement plans at BBVA, the
Pensions & Benefits Manager (GPP),
comprises delegates from the trade
unions CCOO and UGT, and together
with BBVA’s Staff Retirement Plan it has
been the first of its kind to adhere to the
UN Principles for Responsible
Investment (www.unpri.org).
For more information, please see the full text of the digital interactive edition of the Annual Corporate Responsibility Report (http://cde.bluevista.es/1K49bfce9921232012.cde )
or go to the website http://www.bbva.com/TLBB/tlbb/jsp/ing/resreco/index.jsp which also contains updated information on the latest developments.
The availability of the necessary tools
for the analysis and selection of assets
according to SRI criteria will enable this
management body to further its
knowledge of the application of these
criteria in the companies associated with
the assets acquired, and therefore
improve the risk-return pairing and, in
the medium term, ensure greater efficacy
in the return on the investment.
Ecopartners
Emissions
Natural
Resources
2012 goals (per employee)
-20% CO 2
-10% Paper
-7% Water
-2% Energy (electricity)
20% Staff in ISO 14001 buildings (26,000 employees)
Headquarters LEED gold headquarters (15,500 people;
Madrid and Mexico)
Baseline year 2007
Energy
Efficiency
Sustainable
procurement
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