Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 252

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 252
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 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.260 |

– Use of financial information for decision-making based on the Sustainability pillar.

In Spain, for example, this information includes data on the channeling of sustainable business, profitability, the percentage penetration of sustainable business, as well as balance sheets and income statements enabling the Bank to monitor sustainability for each of the business segments.

– Incorporation of global and local sustainability projects into the Single Development Agenda (SDA)

Development and implementation of global and local sustainability projects under the umbrella of the Single Development Agenda (SDA). The SDA is the standard governance framework where projects are prioritized and the financial resources and human capital needed to carry them out are allocated accordingly. The amount set aside for sustainability-related projects amounted to 52.5 million euros in 2024 17 . We would highlight the investments made in the following areas: (i) Transformational projects to be able to offer sustainable products for the existing businesses and grow in new markets, thus strengthening the Group's competitive position in the long run; (ii) projects relating to risks and processes for the comprehensive adaptation of the current components and the implementation of new physical and transition risk controls; (iii) projects to accompany the transition toward the decarbonization objectives set; (iv) projects with a strong community investment component focused on inclusive growth; (v) projects to implement the main requirements related to ESG reporting; and (vi) projects in the technological realm to make the sustainability pillar part of data models and implement global indicators to monitor the volume of sustainable financing channeled.

Additionally, the Group has also developed a procedure for managing environmental and social disputes in order to identify the existing processes that prevent disputes from materializing and to establish how to manage and resolve them in this regard. This procedure covers environmental and social disputes associated with wholesale customers that are incorporated into the development of their financial programs. It also highlights the due diligence process carried out on Corporate & Investment Banking (C&IB) clients when verifying compliance with the Environmental and Social Framework and the Equator Principles.

The CIB Engagement Oversight Group Client Committee (hereinafter CEOG), or its local equivalent designated in each geography, monitors the dialogue and support plans with clients and assesses compliance with the Environmental and Social Framework described in section 7.3.1 Strategy and the business processes relating to Social Risk.

The CEOG meets annually by default, although ad-hoc meetings may