Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 276

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 276
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 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.276 |

implementing Directive 2010/31/EU of the European Parliament and of the Council.

Energy performance is certified by a non-inferred Energy Performance Certificate (EPC) obtained from existing public records, provided by an accredited independent valuation company or other processes for obtaining information about the portfolio.

The taxonomy requires compliance with the cause no significant harm to other environmental objectives principle. Thus, the Technical Building Code (CTE) acts as a set of standards that regulate the construction of buildings in Spain since 2006 and that establish a series of basic requirements:

• The correct application of the Basic Document HS "Health", which relates to compliance with the basic requirement "Hygiene, health and environmental protection".

• The correct application of the Basic FS document titled "Safety in the event of fire", which relates to the requirement to mitigate this risk and to adapt the building to contingencies related to the physical risk.

• The correct application of the Basic SS Document titled "Structural Safety", which relates to protection against the dynamic effects of wind, shock or earthquake, represented by equivalent static forces, i.e. against physical risks.

As regards minimum social safeguards (MSS), the correct application of the SUA Basic Document "Safety of use and accessibility" establishes the access requirements for people with reduced mobility. However, the MSS would not apply in the case of the acquisition of a residential property between two individuals, since the safeguards apply when analyzing business economic activities, such as real estate, construction or development, which are otherwise covered by Spanish and EU legislation.

#### Green Asset Ratio
The Green Asset Ratio (GAR) is an indicator to reflect the extent to which certain assets on the bank balance sheet are aligned with the EU taxonomy. This indicator has been prepared following the regulatory definitions of the European Commission. At present, the EU taxonomy methodology does not allow financial institutions to include exposures to companies not subject to the Non-Financial Reporting Directive (NFRD) in the numerator in their sustainability ratios. Therefore, exposures involving companies domiciled in a third country outside the EU and exposures to EU companies that are not subject to this Directive, e.g. the vast majority of SMEs, have been excluded from the indicator, although they are included in the denominator. In practice, this means that any eligible economic activity that is being financed outside the EU will not be counted in the ratio (