BBVA and the Spanish Wine Federation join forces to promote sustainability in the wine sector

 

The Spanish wine sector, recognized worldwide for its quality and tradition, is facing crucial challenges such as climate change and the growing demand for sustainable practices. In this context, BBVA and Spanish Wine Federation (FEV) have joined forces through a pioneering agreement that seeks to boost the sustainability and innovation in Spanish wineries.

 

The agreement between BBVA and the FEV is based on a shared vision of a more sustainable, competitive and resilient wine sector. To achieve this, a series of initiatives have been established that cover both the financial and sustainability fields, offering wineries and winegrowers comprehensive support on their path towards a production model that is more responsible with the environment and with society as a whole.

 

Financial support with preferential conditions

 

One of the fundamental pillars of this agreement is access to financing on preferential terms for FEV member wineries. BBVA provides wineries with a wide range of sustainable financial products and services, adapted to the particularities of the wine sector. This includes green loans for ecological reconversion projects, digitalization of irrigation and other initiatives that contribute to reducing the environmental impact of wineries.

 

Boosting the 'Sustainable Wineries for Climate Protection' label

 

The agreement also includes BBVA's support for wineries on their path to obtaining the seal. 'Sustainable Wineries for Climate Protection' (SWfCP). This seal, promoted by the FEV, is a recognition to wineries that implement sustainable practices throughout their production chain, from vineyard management to wine marketing. BBVA offers specialized advice and financial support so that wineries can achieve the standards required by this seal, which has become a benchmark for sustainability in the sector.

 

Sustainability advice and training

 

Beyond financial support, BBVA offers FEV member wineries specialized advice to integrate environmental, social and governance (ESG) criteria into their business strategy. This involves helping wineries identify risks and opportunities related to sustainability, as well as implementing continuous improvement plans in this area. In addition, training and awareness programs so that wineries can address the challenges and opportunities that sustainability poses in the sector.

 

A joint effort for a more sustainable wine sector

 

The alliance between BBVA and the FEV is a clear example of how collaboration between the financial sector and business associations can generate a positive impact on society and the environment. Both entities reaffirm their commitment to leading the transformation of the wine sector towards a more sustainable model, demonstrating that sustainability is not only a requirement, but also an opportunity to boost the competitiveness and international projection of this key industry for Spain.

 

BBVA's global impact on the wine sector

 

BBVA is not only committed to sustainability in the Spanish wine sector, but also has a outstanding presence at international level, supporting companies and producers in the world's main wine markets. Since Europe to Latin AmericaThe bank has promoted initiatives that combine financial innovation with environmental commitment, helping wineries adapt to the demands of sustainability and global competitiveness.

 

In countries like Spain, Argentina, Mexico and PeruBBVA has financed projects worth more than €250 million that promote energy efficiency in wineries, irrigation and water treatment systems, waste reduction and treatment, machinery and transportation, and the reduction of carbon emissions throughout the production chain. In Europe, the bank has also led efforts to promote access to international markets through financial tools that support the export of quality wines.

 

The strategic alliance between BBVA and the FEV marks a milestone on the path towards a more sustainable and competitive wine sector. Through a comprehensive approach that ranges from financial support to specialized advice, the aim is to promote the transformation of Spanish wineries towards a production model that is more responsible with the environment and with society as a whole. This initiative not only benefits wineries and winegrowers, but also contributes to preserving the natural and cultural heritage associated with wine, as well as strengthening Spain's position as a world leader in the production of quality and sustainable wines.