Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 312

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 312
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 in general, and the most vulnerable groups in particular, through the social action of its banks and foundations, as reflected in its 2025 Community Investment Goal to support inclusive growth.

When developing initiatives to slow the advance of climate change (mitigation) or curb its effects (adaptation), BBVA focuses on assessing the impact of these actions on its customers, employees, suppliers, affected communities and society in general. The aim is to propose solutions to manage these impacts and thus promote a just transition.

BBVA is aware that actions for the adaptation and mitigation of climate change are not enough to fight against the increase of inequality in society. It develops solutions to promote an inclusive economy and sustainable development, by financing infrastructure, promoting financial inclusion and supporting entrepreneurs and SMEs.

In addition, and from a more philanthropic angle, the Group carries out social programs targeting education, support for entrepreneurship, community support, research and culture, to promote the sustainable development of the societies of those countries in which it operates within the framework of its 2025 Community Investment Goal.

Objectives and goals set towards inclusive growth

Article 449 bis CRR - Table (2) b)

As mentioned in section 7.2.1. Strategy and business processes, between 2018 and 2024 BBVA channeled a total of EUR 304 billion in sustainable business, thus achieving, one year ahead of schedule, the target set of EUR 300 billion. Of the total channeled into sustainable business between 2018 and 2024, 78% corresponds to the priority of driving the fight against climate change, and the remaining 22% to that of promoting inclusive growth.

Wholesale clients

In 2024, the sustainable business pipeline at wholesale customers stood at around EUR 51 billion, up 27% on 2023, of which EUR 5 billion is linked to inclusive growth.

In the realm of corporate financing and transaction banking activity, BBVA has now channeled EUR 40 billion, of which EUR 4 billion relates to inclusive growth.

Enterprise customers

In 2024, the channeling of sustainable business toward corporate clients came to EUR 34 billion, up 62% on 2023, of which EUR 8 billion is linked to inclusive growth.

In the field of corporate financing and transactional banking activities. BBVA has channeled EUR 32 billion, of which EUR 7 billion relates to inclusive growth.

During 2024, it also noted the promotion of local initiatives such as the launch