Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 315

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 315
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AL, SOCIAL AND GOVERNANCE RISKS |     | P.314 |

– Impact on indigenous peoples: New projects involving resettlement or infringement of the rights of indigenous or vulnerable groups without their free, prior and informed consent (FPIC).

– Controversial weapons and defense: Manufacturers or dealers of controversial weapons and their key components: anti-personnel mines, biological and chemical weapons, cluster weapons, depleted uranium and white phosphorus munitions and nuclear weapons (in the case of nuclear weapons, the ban will apply to those operating in countries that are not signatories to or in breach of the Nuclear Non-Proliferation Treaty).

BBVA also applies the Equator Principles, which establish standards for environmental and social risk management in project financing. Currently in their fourth version (EP4), these principles are applied globally across all industrial sectors and cover five financial products related to projects: (i) advisory in financing; (ii) financing; (iii) corporate loans; (iv) bridge loans; and (v) refinancing and acquisitions.

In addition, given its significant presence in emerging countries, BBVA has developed an internal standard of inclusive growth, defining activities that can be considered sustainable due to their contribution to social objectives. This standard has been developed based on international principles on Human Rights, the Social Bond Principles and best market practices. Because social aspects have very local and regional characteristics, methodologies have been developed and thresholds have been established based on national and international indicators.

### 7.3.2. Risk management
Methodologies and international standards on which the social risk management framework is bases

Article 449 bis CRR - Table (2) h)

BBVA is inspired by international industry principles and standards when designing its social risk management framework:

– As set out in its General Sustainability Policy, BBVA ensures compliance with all applicable laws and respect for internationally recognized human rights in all its relations with employees, customers, shareholders, suppliers and, in general, with the communities in which it conducts its business and activities. To help ensure compliance, since 2018 the Group has conducted two global human rights due diligence processes in order to prevent, mitigate and remedy potential human rights impacts in line with the aforementioned UN Guiding Principles on Business and Human Rights.

– In relation to stakeholder involvement, BBVA participates in international sectoral initiatives in support of a just transition, such as the "Social and Human Rights Thematic Advisory Group (TAG)" of UNEP-FI.

In addition, on matters relating to social risk, it relies on