BBVA Research
Climate Impact & Sustainability Data (2016, 2024)
Reporting Period: 2016
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:11.3% of total electricity production globally (2016)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Environmental Sustainability
- Social Impact
- Economic Impact
- National Security
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Reputational risks associated with financing environmentally harmful projects.
- Regulatory risks from government policies supporting mitigation and adaptation efforts (e.g., carbon taxes, renewable energy mandates).
- Risk of stranded assets in carbon-intensive industries (e.g., fossil fuels).
- Damages to physical property leading to asset devaluation and defaults.
- Unpredictable regulatory environment in the US hindering long-term climate strategies.
Mitigation Strategies
- Careful examination of loan portfolios and preventive divestment from conflicting assets.
- Measuring and disclosing the carbon footprint of loans.
- Expanding green products and services.
- Developing a growth strategy compatible with the Paris Agreement.
- Incorporating the probability of stranded assets into stress testing.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (storms, floods, droughts, heat waves)
- Rising sea levels
- Damage to physical property
Transition Risks
- Regulatory changes
- Market shifts away from fossil fuels
- Stranded assets in carbon-intensive industries
Opportunities
- Investment in renewable energy
- Energy efficiency projects
- Electric vehicles
- Green bonds
- Green financial products and services
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Green financial products and services
Awards & Recognition
- Not disclosed
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate Change
Climate Goals & Targets
Environmental Challenges
- Impact of climate change on tourism demand in Spain, particularly in coastal regions.
Mitigation Strategies
- Promoting off-peak travel, developing sustainable infrastructure, and diversifying tourist attractions.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Shifts in tourism demand
Opportunities
- Deseasonalization of tourism, regional diversification
UN Sustainable Development Goals
- SDG 13 (Climate Action)
The study analyzes the impact of climate change on tourism demand, contributing to understanding and mitigating the effects of climate change on a key economic sector.