Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 316

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 316
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 a set of declarations, conventions and initiatives such as the UN 2030 Agenda and its Sustainable Development Goals (SDGs), Conventions of the International Labor Organization (ILO) and the Principles for Responsible Banking promoted by the United Nations Environment – Finance Initiative (UNEP-FI), among others.

Integration of social factors into the risk framework: management, commitments, setting limits, tools and relationship with other risks

Article 449 bis CRR - Table (2) i), j) k), l), m)

BBVA integrates social aspects into its risk management framework in a similar way to environmental and governance risks, with due consideration of financial and non-financial risks, including reputational risk.

BBVA has a taxonomy of reputational risks, which may result from environmental, social and good governance aspects. In this sense, the reputational risk associated with ESG aspects arises when the expectations of stakeholders regarding the management of these areas by the bank are not met, which can generate a negative perception.

According to the internal classification, this risk can occur for different reasons:

• The development and publication of internal sustainability standards not aligned with the expectations of stakeholders.

• Signing public commitments to sustainability that are not credible or unrealistic.

• The onboarding of socially or environmentally questionable clients (companies).

• Financing of socially or environmentally controversial operations.

• Considering or labeling something as sustainable that is not.

• Irresponsible communication related to sustainability.

BBVA carries out an annual reputational risk assessment and continuously evaluates, through different admission processes, the reputational risks of new initiatives. As part of this process, BBVA analyzes the social controversies of its customers (companies) by applying various tools and methodologies, as these can in turn impact the bank's own reputation.

All of this allows us to propose actions to prevent and/or mitigate environmental, social or good governance risks with reputational impact.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.315 |

Social risks in wholesale clients

BBVA manages social risks from the wholesale customer’s perspective, through various processes, including:

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#### Environmental and Social Framework
BBVA verifies, with the support of an independent advisor, that the wholesale clients covered by its framework do not engage in the prohibited activities envisaged for the sectors covered by the framework. It also analyzes whether they engage in any activity meriting closer attention, in which case BBVA evaluates the environmental and social impacts