BBVA has achieved 35.4% female representation in management positions, surpassing its target of 35% set for 2024, according to recent reports from the organization.
This notable accomplishment is part of BBVA's broader commitment to promoting gender equality within its ranks. Back in 2022, the bank initiated targeted efforts to boost female leadership through various initiatives, culminating in the success reported at the end of 2024.
Paul Tobin, BBVA's Global Director of Talent and Culture, highlighted the significance of this achievement, stating, "Diversity is key to having the best teams, and that's why we set this ambitious goal to promote gender equality, which we have managed to exceed thanks to the commitment of the entire organization." This quote resonates with the bank's dedication to fostering diversity, which they believe is fundamental to strong, effective teams.
One of the key drivers behind this progress has been the program titled 'Yo soy talento femenino,' which translates to 'I am female talent.' This initiative, running for two years, focuses on identifying talented women within the company and providing them with the necessary support to advance their careers. The program incorporates specialized training, mentoring, coaching, and networking opportunities, aimed at empowering women to take on leadership roles.
The results of the initiative have been evident, with 266 women promoted to management positions globally within the last year alone. Specifically, the data shows significant results from Spain, where 19% of women participating have advanced to director positions.
BBVA emphasizes its plan for the future, aiming to raise female representation within management to 36.8% by 2026. This initiative signals the bank's continued ambition and dedication to increasing diversity within its leadership structure.
Externally, BBVA has garnered recognition for its efforts toward gender equality. The United Nations Development Programme has acknowledged the 'Yo soy talento femenino' program as a case study of success. Similarly, other independent organizations have marked BBVA's strides. Financial Times named BBVA the best European bank for diversity, identifying the institution as leading the way among its peers.
Additionally, Equileap, which specializes in gender equality metrics, has identified BBVA as the only Spanish bank included in its ranking of the top 100 companies for gender equality.
Looking closely at BBVA's corporate structure, the current board includes seven women out of 15 total members, representing 47% female presence. This aligns well with the increasing recognition and importance of diversity at senior levels of management.
BBVA’s executive committee also reflects this commitment, with the representation of women reaching 23.8%—five women on a committee of 21 members. The steady climb shows tangible progress and sets clear benchmarks for the future.
BBVA's efforts are not just about numbers; they focus on creating effective systems and supportive environments for women leaders. They have conducted various programs, such as 'Promociona' by CEOE and Esade, aimed at developing leadership skills among female executives. Others are oriented toward mid-level managers, such as 'Progresa' and the 'Proactiva' program for high-potential young women.
Further, programs like 'Impulsando el Talento Femenino' empower employees through useful tools to meet objectives and take charge of their professional trajectories. The success of previous participants serves as inspiration to newer members within these programs.
BBVA has demonstrated how corporate commitment to gender diversity can yield positive outcomes, not only improving internal dynamics but also fostering recognition outside the organization.
Through these multiple initiatives, BBVA stands as a beacon of progress. The statistics, the supportive networks, and the recognition attest to the importance placed on cultivating diverse leadership—a task deemed integral for today's corporate environment.
BBVA's focus on female leadership is expected to set significant benchmarks for other organizations. With its eye fixed firmly on future targets and shaped by the commitment of its workforce, the bank continues its mission toward greater gender equality, making strides not only for the company but also for the larger financial sector.