Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 309

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 309
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 sectors, and in tandem, artificial intelligence-based capabilities

are being developed to collect customer data through unstructured public sources. Onboarding processes are also being modified to incorporate the collection of data provided directly by them, this being particularly useful for mid-sized companies where public data is not available. The data will be used for both commercial and management purposes.

In particular, BBVA continues to make progress in collecting data on real-estate assets' Energy Performance Certificates (EPCs) in the geographies where these types of certificates exist. In the case of Spain, work is being done to integrate the EPC into the mortgage origination process. To succeed in this task, BBVA is actively participating in various sectoral forums, with the aim of breaking down the barriers that currently prevent the full use of EPCs in new transactions and to standardize the methodologies for the valuation of transition risk in collateral at the European level, thus providing added transparency for the market. In other regions where there is no legislative framework comparable to that of the European Union in terms of energy efficiency in buildings, BBVA carries out projects aimed at estimating energy consumption and financed emissions that are as close to reality as possible and allow their integration into risk processes.

Likewise, in order to further strengthen the integration of the sustainability data strategy, BBVA incorporated global and local sustainability projects in the Single Development Agenda (SDA), including technological initiatives to make sustainability part of data models and implement global indicators to monitor the volume of sustainable financing channeled.

Methodologies and standards and considered in the climate and environmental risk management framework

Article 449 bis CRR - Table (1) k)

BBVA addresses the management and analysis of climate and environmental risks through a comprehensive approach that, as previously mentioned, combines alignment with international and market standards, best practices and specific methodologies identified in different international frameworks, as well as with current regulations on the matter and supervisory expectations.

On the regulatory front, BBVA considers various regulations in force in this area, including the EU Taxonomy Regulation 2020/852, the Corporate Sustainability Reporting Directive (CSRD), the European Sustainability Reporting Standards (ESRS) and Spanish Law 7/2021 on climate change, among others. This approach is complemented by supervisory guidelines, including the ECB’s expectations on climate and environmental risks, the EBA Guidelines on ESG risks, as well as international best practices related to climate stress testing, among others.

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