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The Social Balance Sheet as Part of the Annual Report in Financial Institutions. A Case Study: Banco Bilbao Vizcaya Argentaria (BBVA)

Author

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  • Miguel Ángel Martín Valmayor

    (Facultad de Ciencias Jurídicas y Empresariales, Universidad Francisco de Vitoria, 28223 Madrid, Spain
    Facultad de Ciencias Económicas y Empresariales, Universidad Complutense de Madrid, 28040 Madrid, Spain)

  • Beatriz Duarte Monedero

    (Facultad de Ciencias Jurídicas y Empresariales, Universidad Francisco de Vitoria, 28223 Madrid, Spain)

  • Luis A. Gil-Alana

    (Facultad de Ciencias Jurídicas y Empresariales, Universidad Francisco de Vitoria, 28223 Madrid, Spain
    Facultad de Ciencias Económicas y Empresariales, Universidad de Navarra, 31009 Pamplona, Spain)

Abstract

In this paper, we examine the concept of the social balance sheet (SBS) and its evolution in corporate social reports that large companies have to issue today in their yearly statements. The SBS allows companies to evaluate their compliance with corporate social responsibility during a specific period and quantify its level of accomplishment. From a methodological perspective, this research analyzed the information that should be contained in the SBS report comparing economic value added (EVA) with other social value added statements (SVA), analyzing also in detail the case of Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) bank as one of the pioneers in offering social reports. Along with this study, their metrics following EVA were recalculated and a more academic SVA statement was proposed for this specific case.

Suggested Citation

  • Miguel Ángel Martín Valmayor & Beatriz Duarte Monedero & Luis A. Gil-Alana, 2021. "The Social Balance Sheet as Part of the Annual Report in Financial Institutions. A Case Study: Banco Bilbao Vizcaya Argentaria (BBVA)," Sustainability, MDPI, vol. 13(6), pages 1-14, March.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:6:p:3075-:d:514980
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    References listed on IDEAS

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    Cited by:

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