The bank BBVA Mexico This Wednesday, the objective for 2025 was set to mobilize 300,000 million euros (324,726 million dollars at today’s exchange rate) in green and social issuesand defined the sustainability as one of its strategic pillars.
“Our goal for 2025 is to mobilize 300,000 million euros in green and social issues“, pointed out the vice president and general director of the company, Eduardo Osuna, at the opening of the first summit on environment, society and governance (ESG), which is held in collaboration with the UN program for the environment.
By 2023, he announced, they hope to increase the mobilization allocated last year for these issues by 20%.
Osuna highlighted the important role that banks must play in the green transition and in preserving the environment.
The emissions reduction in the business sector should be considered a priority to combat the climate change“,
exposed.
In addition, he pointed out the special vulnerability of Mexico in the face of climate crisisdue to their geographical position and the socioeconomic inequality that exists in their society.
Mexico, remarked Osuna, is the thirteenth country in the world with the most carbon emissions issues and the country of the Organization for Economic Co-operation and Development (OECD) with lower levels of productivity, despite being the place where more annual hours are worked.
It is essential to increase productivity for the sustainable development of the country”,
explained the CEO of BBVA Mexico.
For her part, the Director General of the Mexican Council of Sustainable FinanceAlba Aguilar, highlighted the progress towards a financial market already achieved.
The greening of the financial system is a reality thanks to the participation of many actors: banks, institutional investors, stock markets, etc.
he pointed.
Among the objectives of the Board is the management of capital “towards green and sustainable projects”.
BBVA México highlighted the Mexican Grupo Bimbo as a model of success in implementing these practices.
“It is urgent to move from the mitigation (of the climate crisis) to regeneration”, warned the general director of the food company, Daniel Servitje.
Among the strategies of sustainability of BimboServitje highlighted the commitments for 2050 not to reduce their carbon emissions to zero and that all the key ingredients used in the elaboration of its products are cultivated through regenerative practices.
MORE NEWS:
EFE International news agency based in Madrid and present in more than 110 countries.