BBVA has unveiled a groundbreaking global finance unit dedicated to driving cleantech innovation, announced BBVA Chair Carlos Torres Vila at the 3rd BBVA Sustainability Forum held in Madrid. The specialized team, stationed in New York, London, and Madrid, will provide lending and advisory services. Emphasizing the pivotal role of emerging clean technologies in decarbonizing the economy, Carlos Torres Vila, alongside Envision CEO Lei Zhang, highlighted the exponential growth potential of innovation in the green industrial revolution. Envision, a major player in new energy technology, is set to establish a battery gigafactory in Cáceres, Spain, marking a significant stride in green technology advancement. BBVA’s commitment to innovation as a catalyst for decarbonization was reiterated by Carlos Torres Vila, emphasizing the importance of developing more affordable clean technologies. BBVA CEO Onur Genç, addressing the forum’s opening, underscored banks’ critical role in financing the economy’s decarbonization and advocated for ambitious reforms and incentives to propel clean technology development.
The forum featured notable figures such as Ignacio Sánchez Galán, chairman of Iberdrola, and Patricia Espinosa, former executive secretary of the United Nations Framework Convention on Climate Change, alongside CEOs of climate and hydrogen funds, and prominent sustainability leaders. BBVA’s commitment to sustainability was further underscored by Javier Rodríguez Soler, Global Head of Sustainability and CIB, Antonio Bravo, Global Head of Sustainability & CIB Strategy, Antoni Ballabriga, Global Head Sustainability Intelligence & Advocacy, and Peio Belausteguiggitia, CEO of BBVA in Spain.
Source- BBVA Launches New Global Finance Unit for Cleantech Innovation – ESG News
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 6 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
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