"Sustainability is no longer an abstract concept: it is now a criterion that shapes decisions, impacts balance sheets, and shapes the future of companies. At Banco Português do Fomento, we embrace it as a financing and business strategy, not just as rhetoric."
Manuel Queiroz Ribeiro, Director of Corporate and Sustainability Management at BPF
The recent approval of the 2025-2027 Sustainability Strategy represents a significant milestone in the journey of Banco Português do Fomento (BPF), a promotional bank committed to being the national Green Bank. For the first time, BPF has a clear vision, strategy, and action plan that integrates sustainability at the heart of its activity and business: supporting Portuguese companies, boosting the real economy, and contributing to more sustainable development. Aligned with the Sustainable Development Goals (highlighting 8, 9, 10, 13, and 17), the Strategy includes 38 initiatives across three strategic pillars – Sustainable Finance Offering, Climate and Environmental Action, and Corporate Governance & Transparency – with a common overarching target: to mobilise €3 billion in sustainable financing by 2027.
Now comes the real test of this statement: its implementation. The overall target can be considered simultaneously ambitious (representing roughly 1% of Portugal’s GDP) and conservative (based on a comparative analysis adjusted to the impact reported by the most demanding European promotional banks). Therefore, the challenge is not only to mobilise more financing, but also to better measure its impact on companies, society, and the planet: making visible what is already being done, identifying results without adding complexity, and demonstrating real and tangible impact.
And it is precisely in this context that an essential principle arises: financing is only sustainable if it is profitable. Without economic viability, there is no scale, no
