BBVA recently announced it is offering a sustainable alternative for its products in Spain for both individuals and companies. According to BBVA, the solutions are designed to respond to society’s growing demand and to help customers make the best financial decisions that also help the environment.
The banking group launched its first sustainable products for individuals in 2018, which are BBVA Futuro Sostenible and BBVA Bolsa Desarrollo Sostenible.
“In 2019, the bank announced the launch of the Loan for environmentally-friendly cars in Spain. With this product, individuals can finance the purchase of an electric or hybrid car with CO2 emissions under 75g/km. Following these products, the bank ended 2019 with its first individual pension plan managed with socially responsible investment criteria: ‘BBVA Plan Sostenible Moderado ISR’; a new alternative to channel savings for retirement.”
BBVA further revealed that on March 15th, it culminated the range of products with the Energy Efficiency Loan, whose main goal is to help customers finance construction and home improvements that reduce their environmental impact, while also making it possible to save a greater volume of energy. Speaking about the launch of the new products, Paloma Vazquez, the Head of Sustainability Retail at BBVA Spain, added:
“At BBVA, sustainability is one of our strategic pillars. It is an essential part of our strategy and our everyday work. We do not want to just offer customers and clients sustainable products and services – we want to accompany them in their environmental transition, giving them the tools, knowledge and solutions needed to face the coming years.”