BBVA Asset Management is the area that groups the asset management activities of the BBVA group, with business in Spain, Portugal, Luxembourg, Mexico, Colombia, Peru, Argentina and Turkey. The BBVA Group's asset manager has been committed to sustainable investment for years and has been a pioneer in the application of ESG (Environmental, Social and Corporate Governance) criteria since it launched its first socially responsible fund in 1999. Currently, with data as of December 31, 2022, it manages €7.02 billion euros globally in sustainable investment solutions spread across 33 vehicles, including mutual funds and pension plans.

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The Task Force on Climate-related Financial Disclosures (TCFD) report, which has been made public for the first time by the fund manager, details all the measures it is adopting as part of its strategic commitment to sustainability. The BBVA Group first published this report in 2020 and updates it on an annual basis.

BBVA AM, like BBVA, is aware of the role of banking and financial players in this time of change through our activity, and they are determined to play a relevant role and help their clients in the transition to that sustainable future”, the report explains. “As our clients' asset managers, our duty is to take advantage of the investment opportunities generated and facilitate plans for companies and governments to make the right investments, as well as to assess the risks for those who do not have plans to adapt.”

BBVA Asset Management's TCFD report is structured in four sections: Governance Model, Strategy, Risk Management, and Metrics and Objectives.

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