Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 289

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 289
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 RISKS |     | P.292 |

mortgages and automotive (hereinafter lending), and has also incorporated the fixed-income and equity portfolio (hereinafter ex-lending) in the area of BBVA, S.A. (excluding branches in Portugal), BBVA Mexico, BBVA Colombia, BBVA Peru, BBVA Argentina and Garanti Bank, which includes the perimeter of Garanti BBVA in Turkey and its subsidiaries Garanti Bank International and Garanti Bank Romania.

The result of the estimate is expressed both in terms of absolute emissions financed and economic intensity (tons of absolute emissions per million euros financed). In addition, the quality score defined in the PCAF methodology is presented, which evaluates the

availability and reliability of the data used for the calculation. This score ranges from 1 to 5, with 5 being the worst score assigned when using sector estimates using emission factors provided by PCAF, and 1 being the best score when using verified, client-reported emissions data. The version of the factors used is the most recent one provided by PCAF as of September 2024.

In 2024, the measurement perimeter was expanded to include the fixed-income and equity portfolios and two new geographies were added (Garanti BBVA, including the aforementioned subsidiaries, and BBVA Argentina). The emission factors provided by PCAF, which are used to estimate the emissions financed, were also updated.

| Chart 30.PCAF asset types(MtCO2e) (BBVA Group) |

| Chart 31.Distribution of financed emissions by geography |

| Total emissions (Scope 1+2+3) |     | Emissions (Scope 1+2) |

(1) Data of BBVA S.A. without Portugal

As mentioned earlier, throughout the year work was carried out to include the calculation of emissions financed in the ex-lending portfolio (incorporating 3 million tons of CO 2 e) and the portfolios of Garanti BBVA

(incorporating 47 million tons of CO 2 e) and Argentina (adding 7 million tons of CO 2 e).

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.293 |

The following graph shows the impact of the different aspects that explain the evolution of the calculation of financed emissions during 2024:

| Chart 32.Evolution of the calculation of financed emissions between 202