Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 915

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 915
---
 change. With its sustainability strategy, the Group deals with the risks and opportunities posed by the climate and environmental issues that impact the strategic pillars of its ESG framework, Sabadell’s Commitment to Sustainability, from a ‘double materiality’ perspective. To this end, the Bank has set objectives and is carrying out transformation actions. The following actions are worthy of note:

| – | Progress as a Sustainable Institution, by environmentally managing premises and by driving forward climate and 
 environmental commitments. The Bank is focused on reducing its carbon footprint and on being carbon neutral.   |

| – | Support customers in the transition towards a sustainable economy, through advisory services and the development of        
 specific solutions aligned with the regulatory environment, as well as the identification of transformation opportunities. |

During 2022 and in line with the commitment to reduce CO 2emissions, the Bank has implemented plans for energy saving, preventive maintenance of HVAC systems, waste management and recycling, and continues to invest in projects to offset its greenhouse gas (GHG) emissions. In support of the main international commitments to sustainability and net zero, the Bank strengthens its transitional actions by signing new agreements such as the Platform for Carbon Accounting Financials (PCAF) to make progress in the calculation of the carbon footprint of the lending and investment portfolio. As regards its support of customers in their transition, the Bank continues to learn more about the environmental and climate impact of its activity and classify it accordingly. It is also offering sustainable finance solutions, as well as promoting the energy transition and raising awareness of the importance of the green transition via training activities geared at employees and advice aimed at customers. Moreover, the Bank has set decarbonisation targets for the most CO 2-intensive sectors to ensure that it meets its portfolio neutrality targets by 2050. Another framework for action is to offer ESG investment opportunities by increasing the offer of sustainable savings and investment products, either our own or those of third parties, and by driving capital investment in renewable energy projects and promoting green initiatives and technologies. Given the activities in which it is engaged, as at 31 December 2022, the Bank does not have responsibilities, expenses, assets, revenues or provisions or contingencies of an environmental nature that could be deemed significant with respect to equity, the financial situation and its consolidated results; therefore, there are no specific disclosures in the environmental disclosures document envisaged by Order JUS/616/2022, of 30 June, approving the new templates for the submission to the Companies Register of the annual financial statements of institutions