BBVA presents a sustainable different for all its merchandise in Spain
The primary sustainable merchandise for people that BBVA launched available on the market have been the funding funds “BBVA Futuro Sostenible” and “BBVA Bolsa Desarrollo Sostenible” in 2018. Each merchandise, which incorporate socially accountable funding standards of their funding philosophy, enable the investor to actively take part within the transition to a extra sustainable future.
In 2019, the financial institution introduced the launch of the mortgage for environmentally pleasant automobiles in Spain. With this product, people can finance the acquisition of an electrical or hybrid automobile with CO2 emissions under 75g / km.
Following these merchandise, the financial institution closed the 12 months 2019 with its first particular person retirement plan managed in keeping with socially accountable funding standards: “BBVA Plan Sostenible Moderado ISR”; a brand new different to channel financial savings for retirement.
Recognizing the rising demand for sustainable options, BBVA introduced final 12 months the launch of Environment friendly Residence Mortgage – designed for people who want to purchase a house with probably the most vitality effectivity. On March 15, 2021, it culminated the product line with the Power Effectivity Mortgage, the primary goal of which is to assist shoppers finance building and residential enchancment that cut back their environmental affect, whereas permitting additionally save a higher quantity of vitality.
Playing cards are additionally certainly one of these sustainable merchandise. Somewhat over a 12 months in the past, the financial institution strengthened its dedication to realize the United Nations Sustainable Improvement Objectives (SDGs) with the launch of the primary card in Spain manufactured from recycled plastic. Product made out of supplies utilized in totally different industries akin to packaging, printing, automotive and building, this pioneering initiative in Spain will regularly be prolonged to all international locations the place BBVA is current.
“At BBVA, sustainability is certainly one of our strategic pillars. It’s a vital a part of our technique and our every day work. We don’t merely wish to provide our prospects and shoppers sustainable services – we wish to help them of their environmental transition, giving them the instruments, information and options essential to face the years to return ”, underlined Paloma Vazquez, Head of Sustainable Retail at BBVA Spain.