BBVA, a leading global financial services company, has announced the launch of a new unit dedicated to financing cleantech innovation.
With a longstanding history of supporting technological advancement and sustainability, BBVA is positioned at the forefront of the financial industry’s efforts to combat climate change.
The creation of this new unit underscores BBVA’s commitment to fostering the development of clean technologies. According to BBVA Chair Carlos Torres Vila, the bank recognizes innovation as a crucial element in achieving decarbonization. He highlighted the significance of affordable clean technologies in driving the green industrial revolution.
BBVA operates as a key player in the financial sector, offering a wide range of services including banking, investments, and advisory services. The bank’s initiative to finance cleantech innovation aligns with its broader strategy to support sustainable economic growth and environmental stewardship.
The newly launched finance unit aims to accelerate the adoption of green technologies by providing the necessary financial backing. This initiative will help companies and societies transition towards more sustainable practices, contributing significantly to the global effort to decarbonize the economy.
In addition to financing cleantech innovation, BBVA’s initiative involves collaboration with prominent industry leaders and institutions. The bank’s efforts were highlighted at the 3rd BBVA Sustainability Forum, which brought together influential figures from the sustainability sector to discuss the challenges and opportunities of decarbonization.
During the event, BBVA CEO Onur Genç emphasized the pivotal role of banks in facilitating the decarbonization process. He advocated for ambitious reforms and incentives to support the early stages of clean technology development. The forum also featured discussions on global sustainability challenges, the climate agenda from a U.S. perspective, and the importance of innovation in achieving decarbonization goals.
“BBVA believes in innovation as a driver to achieve decarbonization,” Carlos Torres Vila said, underscoring the bank’s dedication to fostering the growth of clean technologies. This commitment not only reflects BBVA’s strategic focus on sustainability but also its vision to be a tech-driven company competing effectively in the green economy.
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