BBVA Asset Management, the investment arm of Spanish bank BBVA Group, has promoted Alberto Gómez-Reino to Head of Sustainable Investment and Institutional Asset Allocation.
Gómez-Reino was previously Head of Institutional Asset Allocation, with his new title highlighting the growing importance of ESG for BBVA. He will report to Jaime Martínez, Global Head of Asset Allocation.
BBVA signed up to the UN PRI principles in 2008 and currently manages €8 billion in accordance with these sustainability principles. In February 2018, the Group announced Pledge 2025, its climate change and sustainable development strategy aimed at advancing the fulfillment of the UN SDGs and which is aligned with the Paris Agreement on climate change. The bank wants to align its business activity with the global warming scenario of a 1.5ºC temperature rise cap and strike a balance between sustainable energy and investments in fossil fuels, and is currently working on sustainable alternative solutions for all its products