Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 262

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 262
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 Chart 25.Channeling 2024 (BBVA Group) |

(1) In general, the criterion used for the distribution of the channeling by geographies is that of the place of registration of the corresponding operation. However, there are certain exceptions when several geographies are involved in the operation.

(2) In those cases where it is not feasible or sufficient information is not available to allow an accurate distribution between climate change and inclusive growth categories, internal estimates are made based on available information. Climate change: Also includes Natural Capital

(3) Includes the activity of the BBVA Microfinance Foundation (FMBBVA), which is not part of the consolidated Group and which has channeled around 1,500 million euros in the period from 2018 to 2024, mainly to support vulnerable entrepreneurs with microcredits.

(4) It covers more than one area of action, but with the information available it is not possible to make an exact allocation.

Integration of sustainability into financial planning

In order to strengthen the Group-wide integration of sustainability, BBVA has incorporated other aspects related to sustainability in the day-to-day running of its business, encompassing not only its relationship with customers but also in internal processes, including its management control and reporting processes.

On a recurring basis, financial reports are used for decision-making based on the sustainability vector, including data on the channeling of sustainable business, profitability, sustainable activity penetration percentage, as well as balance sheets and income statements that allow monitoring of sustainable transactions for each of the business segments. Sustainability is expected to be progressively integrated into the financial reporting of other geographic areas.

Criteria for determining the sustainable business routing

BBVA considers the sustainable activities of its customers that comply with internal standards and/or applicable law and regulations, according to information publicly available (relying on external data providers to gather such information in certain cases) and using company-level certifications that are widely recognized within the market.

The following standards are taken into account when determining the channeling:

– Own standards:

(i) Internal standards inspired by the European taxonomy (insofar as they consider the "substantial contribution" element to the environmental objectives defined by said taxonomy) and best market practices, which may also present a certain degree of flexibility when applied in non-European geographic areas in order to reflect their different national situations and avoid excluding emerging economies. These could be applied in countries where local taxonomies exist.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL