BBVA reported record growth in its sustainable business in 2025, channeling €134 billion (approximately $145 billion), a 44% increase compared with 2024. The bank is targeting €700 billion (around $756 billion) in sustainable finance mobilisation between 2025 and 2029.
Of the total amount channelled in 2025, 77% was directed towards climate change and natural capital initiatives, including water efficiency, agriculture and the circular economy. The remaining 23% supported social projects such as education and health infrastructure, entrepreneurship and financial inclusion.
Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA, said the record performance reinforces sustainability as a key growth driver and strategic lever for expanding into new markets and attracting clients.
By business segment, Corporate & Investment Banking (CIB) channelled €68 billion (about $73 billion), up 34% year on year. Of this, €49 billion (around $53 billion) was allocated to financing and transactional banking, primarily in energy and mobility. Around €4 billion (approximately $4.3 billion) was directed to green and sustainable project finance, with a focus on renewable energy projects in the US and Europe, as well as cleantech initiatives including biofuels, carbon capture and storage, and battery manufacturing.
In capital markets, BBVA channelled €9 billion (roughly $9.7 billion), including green and sustainability-linked bond issuances and EU emissions allowances under the Emissions Trading System.
Commercial banking accounted for €50 billion (around $54 billion), up 49%, with €37 billion (about $40 billion) supporting climate-related solutions, particularly in agriculture and construction. Retail banking channelled €15 billion (approximately $16 billion), a 93% increase, including financing for entrepreneurs, electric and hybrid vehicles, and energy-efficient housing.
The number of sustainable operations doubled to more than 157,000 transactions, with Mexico representing over 72% of the total.
