Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 243

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 243
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VA's corporate website (www.bbva.com), under the "Shareholders and Investors”, “Corporate Governance and Remuneration Policy” section.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.253 |

7. Prudential disclosures on environmental, social and governance risks

| 7.1.Introduction and governance model            |     | 254 |
| 7.1.1.    Sustainability as a strategic priority |     | 254 |
| 7.1.2.   Regulatory framework                    |     | 254 |
| 7.1.3.   Governance model                        |     | 255 |
| 7.2.Environmental Risk                           |     | 265 |
| 7.2.1.Strategy and business processes            |     | 265 |
| 7.2.2.   Risk Management                         |     | 283 |
| 7.3.Social Risk                                  |     | 312 |
| 7.3.1.Strategy and business processes            |     | 312 |
| 7.3.2.  Risk Management                          |     | 314 |
| 7.4.Governance Risk                              |     | 318 |
| 7.4.1.   Risk Management                         |     | 318 |

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.254 |

7.1. Introduction and governance model

#### 7.1.1.

#### Sustainability as a strategic priority
Sustainability for BBVA means “helping our customers in the transition to a sustainable future” by fostering environmental protection, economic growth and social development. BBVA seeks to generate a positive impact on its stakeholders through the development of its business and thanks to the multiplier effect of banking.

Climate change impacts industries and the way in which customers consume, get around, or fit out their homes, requiring significant investments that will continue for decades to come.

Furthermore, climate change and human actions are stressing natural capital (water, crops, raw materials, etc.), making it increasingly relevant for customers to ensure the continued availability and quality of essential resources for production and service delivery.

Last but not least, major inequalities are still present all around the world and may be exacerbated by