- Transition risks associated with the shift to a low-carbon economy (legal and regulatory changes, market shifts, technological changes).
- Physical risks from climate change (extreme weather events, long-term weather changes).
- Data limitations in assessing climate risks and opportunities.
BBVA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, BBVA disclosed greenhouse gas emissions of 1.5M tCO2e (market-based method). By scope: Scope 1: 38.0K tCO2e; Scope 2: 7.0K tCO2e (market-based); Scope 3: 1.4M tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.5M tCO2e (market-based method)
2023
Renewable Energy
96%
of total energy
Water Usage
1.6M m3
2023
Waste
2.7K tons
2023
Energy Use
679.9K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 38.0K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.0K tCO2e (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 1.5M tCO2e (market-based method) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 CO2 emissions by 15% (market-based method) compared to 2022.
- Reached 96% renewable energy in electricity consumption.
- Channeled €70 billion in sustainable business in 2023 (double the amount from two years prior and over five times the amount from five years prior).
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve 2030 decarbonization targets for several high-emission sectors.
🔭 Long-term
- Achieve net-zero emissions by 2050.
🌱 ESG Focus Areas
Climate changeInclusive growthNatural Capital