BBVA is launching this plan as a part of European Cash Week and World Cash Week, that are being held this week. BBVA’s World Monetary Literacy Plan follows the just lately printed European Fee and OECD monetary literacy framework for adults within the European Union and provides to the financial institution’s adherence to the international dedication promoted by the United Nations to advertise monetary inclusion and monetary well being.
Monetary training: a key device for BBVA’s strategic priorities
BBVA believes within the potential of economic training as a key ingredient for enhancing folks’s monetary well being and contributing to the transition in direction of a extra sustainable economic system, each of that are strategic priorities for the financial institution.
Due to this fact, it has launched this plan that displays the significance of economic training for the financial institution, an training that BBVA Chair Carlos Torres Vila considers “important to advertise sustainable and inclusive progress”.
The plan displays the mixing of economic literacy inside BBVA’s Neighborhood Dedication 2021 -2025 and has three focus of motion.
- Monetary training for society
The concept is to drive the event of economic teaching programs in all international locations the place BBVA is current. The target is to offer its beneficiaries with monetary abilities to foster monetary inclusion and well being, generate resilience and promote sustainable improvement and funding. It additionally seeks to offer digital monetary abilities with a particular concentrate on particular teams, SMEs, entrepreneurs and financially empower society usually.
- Monetary training to help enterprise
This includes the improvement of particular coaching actions for patrons to advertise accountable monetary inclusion, keep away from monetary exclusion, assist enhance monetary well being, promote sustainable habits and favor transition.
Among the many coaching actions geared toward prospects to assist them align their monetary choices with environmental and social preferences embody sensible instruments for calculating their carbon footprint, which in flip teaches them the right way to scale back this footprint and their very own power prices.
- Monetary training to foster collaboration
The cooperation of all stakeholders is important to realize a extra sustainable and inclusive society. BBVA seeks to advertise the significance of economic training and cooperation between organizations and throughout the sector by way of collaboration with exterior stakeholders, the event of cross-cutting tasks with different areas of BBVA and the dissemination of economic training.
Some examples of actions inside this line of motion are BBVA’s Middle for Monetary Schooling and Functionality and native alliances comparable to UNAM and BBVA in Mexico.
BBVA’s dedication to monetary training
BBVA’s dedication to monetary training isn’t something new. In 2008, the financial institution launched its first World Monetary Schooling Plan; from then on till 2021, it has provided monetary information and abilities coaching applications in all of the international locations the place it’s current.
To this point, 16.5 million folks have participated in BBVA workshops and greater than 32 million have accessed monetary training content material out there by way of digital platforms. Throughout this era, BBVA has invested greater than 94 million euros in monetary teaching programs world wide and greater than 5,000 BBVA staff have volunteered in monetary teaching programs.
