BBVA, a prominent global financial services company, has announced the establishment of a new unit dedicated to providing financial support to cleantech innovation. With a rich history of promoting technological progress and sustainability, BBVA holds a leading position in the finance industry’s efforts against climate change.
This recent initiative demonstrates BBVA’s unwavering commitment to nurturing the advancement of clean technologies. According to BBVA Chair Carlos Torres Vila, the bank recognises the pivotal role of innovation in achieving decarbonisation. He emphasised the importance of making affordable clean technologies accessible in propelling the green industrial revolution.
As a major player in the financial sector, BBVA offers a wide range of services encompassing banking, investments, and advisory services. The bank’s initiative to finance cleantech innovation aligns with its overarching strategy to bolster sustainable economic growth and environmental stewardship.
The newly established finance unit aims to accelerate the adoption of green technologies by providing essential financial support. This move is poised to assist companies and societies in transitioning towards more sustainable practices, thus making a substantial contribution to the global drive to decarbonise the economy.
In addition to financing cleantech innovation, BBVA’s initiative involves collaboration with prominent industry leaders and institutions. The bank’s efforts were highlighted at the 3rd BBVA Sustainability Forum, which brought together influential figures from the sustainability sector to discuss the challenges and opportunities of decarbonisation.
During the event, BBVA CEO Onur Genç emphasised the pivotal role of banks in facilitating the decarbonisation process. He advocated for ambitious reforms and incentives to bolster the initial stages of clean technology development. The forum also featured discussions on global sustainability challenges, the climate agenda from a U.S. perspective, and the importance of innovation in realising decarbonisation goals.
“BBVA firmly believes in innovation as a driving force for achieving decarbonisation,” affirmed Carlos Torres Vila, thus highlighting the bank’s unwavering commitment to fostering the growth of clean technologies. This dedication not only mirrors BBVA’s strategic emphasis on sustainability but also reflects its vision of being a technology-driven company competing effectively in the green economy.
Stay updated with all the latest developments in the FinTech industry right here.
Copyright © 2024 FinTech Global
+ There are no comments
Add yours