Western Europe’s best bank for corporate responsibility 2021: BBVA
Covid has, unsurprisingly, dominated the corporate responsibility agenda at banks across Europe. A key determinant in this category was the effectiveness with which firms addressed the acute challenges that many of their clients have faced, from the initial healthcare emergency to longer-term financial distress. BBVA stepped up to the task promptly and at scale and takes the regional award this year.
The bank launched its Covid-19 Social Response Plan in 2020 with €35.7 million to purchase medical equipment and support public health systems. There were three lines of action: supporting health authorities, contributing to social organizations and promoting scientific research. A total of 839,773 people – 24% of the plan’s beneficiaries – benefited from the medical equipment and supplies provided to hospitals and a further 11% of the funds were geared toward helping vulnerable groups.