Download data

Select an assessment year:

  • Overall approach
    5/16
    • Overarching commitment on deforestation
      4/14
      Deforestation commitment
      Understanding of the risks
      4/14
      "Forests in particular are key to combating climate change. They represent 30 percent of the total terrestrial surface and provide both food security and shelter.The main problem is that these ecosystems – which are so important to human life and health – are under threat. Human activity and climate change are causing 13 million hectares (more than 50,000 square miles) of forest to be lost each year. Together with the persistent degradation of drylands, this has accelerated the desertification of 3.6 billion hectares (almost 14 million square miles)."
    • Company must have anti-corruption policy
      1/2
      Anti-corruption
      Anti-corruption policy
      1/2
      "The BBVA Group (hereinafter, BBVA) has a firm and irrevocable commitment to legality and ethical principles, especially evidenced in terms of corruption. BBVA not only rejects categorically any corrupt practice but also requires third parties, and assumes as its own, the responsibility to actively participate in the eradication and prevention of corruption, both in public and in private sector. To that end it, BBVA has in place several internal policies, procedures and controls that develop and complement programmatic principles and behavior patterns set out in section 4.3 of the Code of Conduct under the heading "Anti-corruption Policy". [...] The principles and behavior patterns are applicable to all entities that are part of BBVA and will be mandatory for all its directors, managers and employees in all the activities they perform on behalf of BBVA. In addition, its scope of application is extended to other people or entities outside BBVA, provided that they are commercially or professionally related to BBVA or its business and when their performance may entail a risk or give rise to BBVA's responsibility or may in any way undermine its reputation or good name. 3. Key aspects of the prevention of corruption at BBVA BBVA rejects, prevents and penalizes any corrupt practice and/or unfair behavior aimed at obtaining unlawful, undue or improper advantages for the entity, its directors, managers or employees."
  • Commodity score
    32/64
    • Beef & Leather
      27/64
      • Commitment Strength
        21/42
        • Commodity-specific financing policy
          9.2/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “This rule establishes prohibited and restricted activities. BBVA provides services to productive and commercial agents that are part of the value chain of agricultural commodities but does not offer trading or investment services in agricultural commodities and does not support customers and / or transactions involved in the following prohibited activities” [...] Illegal forestry exploitation The burning of natural ecosystems with the purpose of clearing the land for the development of agricultural projects Removal of high conservation value, high carbon forests"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Commitment most strongly applies to clients, transactions and product development have less stringent policies applied or is up to the client to enforce - Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
        • Companies must protect priority forests or globally important landscapes
          5.6/9.6
          • Commitment details
            Globally important - Required
            4/8
            Commitment details
            Globally important - Required
            4/8
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          3.2/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Compliance is prerequisite for financing
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Commitment most strongly applies to clients, transactions and product development have less stringent policies applied or is up to the client to enforce - Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; Forced Labour; Child Labour
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Palm oil
      39/64
      • Commitment Strength
        33/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Deforestation-free
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
        • Companies must protect priority forests or globally important landscapes
          9.2/9.6
          • Commitment details
            All high priority landscapes - Required
            8/8
            Commitment details
            All high priority landscapes - Required
            8/8
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature [...] The burning of natural ecosystems to clear land for the development of agricultural projects [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO)"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature [...] The burning of natural ecosystems to clear land for the development of agricultural projects [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO)"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature [...] The burning of natural ecosystems to clear land for the development of agricultural projects [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO)"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature [...] The burning of natural ecosystems to clear land for the development of agricultural projects [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO)"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature [...] The burning of natural ecosystems to clear land for the development of agricultural projects [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO)"
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): RSPO

            Verification method: Certification Scheme
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Non-certified Palm oil operations or not in the process of obtaining certification by the Roundtable on Sustainable Palm Oil (RSPO) "
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; Forced Labour; Child Labour
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Soy
      32/64
      • Commitment Strength
        27/42
        • Commodity-specific financing policy
          9.2/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Commitment most strongly applies to clients, transactions and product development have less stringent policies applied or is up to the client to enforce - Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
        • Companies must protect priority forests or globally important landscapes
          7.4/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - "Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy; Roundtable on Responsible Soy Association (RTRS); Basel Criteria for Responsible Soy Production; GF Responsible Soy Sourcing Guidelines"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - "Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy; Roundtable on Responsible Soy Association (RTRS); Basel Criteria for Responsible Soy Production; GF Responsible Soy Sourcing Guidelines"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - "Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy; Roundtable on Responsible Soy Association (RTRS); Basel Criteria for Responsible Soy Production; GF Responsible Soy Sourcing Guidelines"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - "Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy; Roundtable on Responsible Soy Association (RTRS); Basel Criteria for Responsible Soy Production; GF Responsible Soy Sourcing Guidelines"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - "Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy; Roundtable on Responsible Soy Association (RTRS); Basel Criteria for Responsible Soy Production; GF Responsible Soy Sourcing Guidelines"
        • Assurance mechanism to ensure compliance
          3.6/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Certification scheme (if applicable): RTRS
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Soy Roundtable on Responsible Soy Association (RTRS) Basel Criteria for Responsible Soy Production CGF Responsible Soy Sourcing Guidelines"
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          3.2/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Compliance is prerequisite for financing
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Commitment most strongly applies to clients, transactions and product development have less stringent policies applied or is up to the client to enforce - Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; Forced Labour; Child Labour
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Timber, Pulp & Paper
      32/64
      • Commitment Strength
        27/42
        • Commodity-specific financing policy
          9.2/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Commitment most strongly applies to clients, transactions and product development have less stringent policies applied or is up to the client to enforce - Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: Companies that have shown credible and clear evidence (based on court rulings or relevant controversies), of material breaches regarding applicable laws and regulations, or taking part in human rights abuses regardless of the country."
        • Companies must protect priority forests or globally important landscapes
          7.4/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood; Forest Stewardship Council (FSC)Certification Programme for the Endorsement; Forest Certification (PEFC) ;FSC chain of custody certificate"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood; Forest Stewardship Council (FSC)Certification Programme for the Endorsement; Forest Certification (PEFC) ;FSC chain of custody certificate"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood; Forest Stewardship Council (FSC)Certification Programme for the Endorsement; Forest Certification (PEFC) ;FSC chain of custody certificate"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood; Forest Stewardship Council (FSC)Certification Programme for the Endorsement; Forest Certification (PEFC) ;FSC chain of custody certificate"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] Projects located or in the vicinity of UNESCO World Heritage sites, List of Ramsar wetlands, Alliance for Zero Extinction sites and Category I-IV areas of the International Union for the Conservation of Nature." Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood; Forest Stewardship Council (FSC)Certification Programme for the Endorsement; Forest Certification (PEFC) ;FSC chain of custody certificate"
        • Assurance mechanism to ensure compliance
          3.6/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Certification scheme (if applicable): FSC

            Verification method: Certification Scheme
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "This standard covers BBVA's investment and financing advisory services to companies and projects related to the agriculture, livestock and fishing sector. Companies, or groups whose main activity is the cultivation and production of agricultural, forestry, livestock and fishing products, in particular those with the greatest impact, such as palm oil, soybean, cocoa, coffee, cotton, tobacco, intensive aquaculture, and forest products. New projects, developments and / or expansion of existing projects that cover the production and / or processing phases of livestock and fisheries forest products. This standard includes activities related to soil cultivation, forestry management, livestock and fishing. [...] Translation - “Standards and requirements BBVA will assess that its clients comply with local legislation and will promote the support for internationally recognized initiatives.[...] Wood Forest Stewardship Council (FSC)Certification Programme for the Endorsement Forest Certification (PEFC) FSC chain of custody certificate "
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          3.2/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Compliance is prerequisite for financing
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Commitment most strongly applies to clients, transactions and product development have less stringent policies applied or is up to the client to enforce - Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Translation - "New clients will be accepted after an analysis during the on-boarding and know-your-client processes, and it must be confirmed that the client's practices are in line with the principles established by BBVA. The due diligence (DD) process consists of evaluating the engagement, the management capacities and the environmental and social performance of the client based on an analysis of an expert third party in sustainability and corporate governance as well as on the information provided by the client.The purpose of DD processes is to confirm that the client continues to comply with BBVA's principles and they are carried out periodically as long as the relationship with the client is maintained."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "BBVA will not provide financial services to projects or clients whose core business is linked to any of the following activities or environmental and social impacts: [...] • Projects that entail the resettlement or violation of rights of indigenous peoples, without their free, prior and informed consent (FPIC) "
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; Forced Labour; Child Labour
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
  • Reporting & Implementation
    10/20
    • Policy is reviewed and updated
      5/5
      Policy review
      Commit to update policy - Annually or more frequent
      5/5
      Translation - "The Standards are developed in collaboration with sustainability experts and key stakeholders, including sector teams from our business divisions. The Standards are issued by Responsible Business after having been discussed in the Global Leadership Team.The sectoral standards will be reviewed annually in order to update them according to trends in sustainability and to address new legal recommendations, emerging risks and stakeholder concerns. Likewise, they will be updated to ensure they are aligned with international regulations and best practices.In view of the global environmental and social challenges. It appears that the relevance for banks of these matters will continue to increase significantly and increasingly. For this reason, these environmental and social risks will be progressively integrated into the Group's risk management framework."
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      5/5
      Monitoring compliance
      Yes - Screening and monitoring process
      5/5
      Translation - "BBVA's relationship managers are the main point of contact for our clients and are responsible for verifying whether our clients comply with the applicable Standards. These managers are not experts in complex sustainability issues and have the support of both internal environmental and social experts and independent ones when it is necessary to confirm that clients comply with our Standards.When the commercial or control functions responsible for identifying and evaluating environmental and social risks, as part of the DO process, determine the existence of potential material risks, they refer the client or the transaction to a specialized unit of environmental and social risk for a deeper review. For this review, a dialogue is carried out with the client to gather all possible information and assess the possible mitigating measures. If the analysis concludes that this is a high risk customer or transaction and that it does not comply with the Standard, the decision will be referred to the CIB Leadership for a final decisions"
    • Reporting on implementation of the policy
      0/5
  • Commitment strength
    27/42
    Avg. score
  • Social considerations
    6/22
    Avg. score

Profile

Banco Bilbao Vizcaya Argentaria (BBVA) are a global financial services group based in Spain with activities in corporate, retail and investment banking. Their services include retail banking, insurance, pensions, asset management and corporate lending. As of 2017, BBVA'a has more than 690 billion EUR in total assets and more than 416 billion EUR in loans and advances to customers. BBVA are among the top 35 lenders to Forest 500 companies, with more than 8 billion USD of loans to companies across several sectors, including food retail and packaged food.

HQ
HQ 
Spain
Financial institution type
Financial institution type 
Asset management, Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.