{"id":18413,"date":"2021-06-02T17:29:38","date_gmt":"2021-06-02T17:29:38","guid":{"rendered":"http:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/?p=18413"},"modified":"2021-06-03T11:44:04","modified_gmt":"2021-06-03T11:44:04","slug":"towards-greener-and-more-inclusive-society","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/towards-greener-and-more-inclusive-society\/","title":{"rendered":"Towards a greener and more inclusive society"},"content":{"rendered":"
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The fight against climate change is the greatest disruption in history. <\/b>It will<\/span> spur enormous changes for our planet and for humankind, radically changing our economies and our society. It is therefore\u00a0 vital to make the energy transition happen, increasing the use of electricity as an energy source, and changing once and for all, other aspects of our daily lives, such as the way we build our homes or how we move around.<\/span><\/p>\n

We are all needed. And we are all accountable. The financial system also has a relevant role to play in fighting climate change.<\/b> This transformation requires significant investment in new technologies which will help push the transition forward. It is estimated that approximately 5 billion dollars in funding will be required every year for decades to come. And although there will be significant public resources, the bulk of the investment will come from the private sector.<\/span><\/p>\n

BBVA\u2019s firm commitment to sustainability is possibly one of the most straightforward ways of materializing its purpose: \u201cBringing the age of opportunity to everyone\u201d, <\/b>which aims<\/span> to generate a positive impact on people\u2019s lives, businesses and society. BBVA\u2019s commitment to sustainability dates far back, to 2002, when it joined the United Nations\u2019 Global Compact. <\/span>It was renewed\u00a0 in 2019,<\/b> when the Board of Directors decided to make sustainability a key pillar of the Group\u2019s strategy and defined it as a strategic priority to \u201chelp our clients transition towards a more sustainable future.\u201d\u00a0<\/span><\/p>\n

In April 2021, BBVA joined the Net-Zero Banking Alliance (NZBA), <\/b>committing to ensure that all of its credit and investment portfolios are neutral in net emissions of greenhouse gases by 2050, in line with the Paris Agreement\u2019s\u00a0 most ambitious targets. <\/span>We have elaborated an ambitious execution plan <\/b>to make this commitment a reality:<\/span><\/p>\n