Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 250

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 250
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 define, oversee and monitor the effective implementation of the Group's strategy on matters of sustainability, while considering the impacts, risks and opportunities it generates for the BBVA Group. It also enables the Corporate Bodies to establish or oversee the establishment at the executive level, as appropriate, of the Bank’s objectives in these matters and to monitor progress toward their achievement.

Integration of sustainability at the executive level across areas

The execution of the sustainability strategy, approved by BBVA's Corporate Bodies, implies Group-wide integration at the executive level. For this purpose, the Group has a Global Sustainability Area, the head of which reports directly to the Chief Executive Officer for matters relating to the business, and to the Chair for matters of transformation and the sustainability strategy.

The implementation of the sustainability strategy is a cross-cutting issue throughout the Group, and all areas are responsible for progressively incorporating it into their strategic agenda and work dynamics. Along these

lines, the Global Sustainability Area is responsible, inter alia, for designing and promoting the implementation of the Group's strategic sustainability agenda (focusing on the fight against climate change, protection of natural capital and inclusive growth) and business development in this area; establishing the Group's objectives in these matters; and promoting and coordinating the different lines of work of the Group in this area, developed by the different areas; maintaining in all areas of the Group the objective of promoting integrity in the relationship with the different stakeholders.

Notably, the sustainability governance model in place at the Group combines the governance model of the Corporate Bodies with a Group-wide structure at the executive level, headed up by the Global Sustainability Area, thus helping the Group to pursue its priority strategic objectives in the different areas of the Group, in accordance with the main focuses of action in terms of sustainability set out in the Group's General Sustainability Policy (climate change and protection of natural capital and inclusive growth). The structure of the Global Sustainability Area is below:

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.259 |

(1) This includes: CIB Investment Banking & Finance and Client Solutions Spain, Mexico, Turkey and South America.

As shown in the figure above, the Global Sustainability Area incorporates dependencies of the business units of both Commercial Client Solutions and Retail Client Solutions, as well as CIB, the business unit with which it shares its top manager, with the aim of strengthening and accelerating the integration of sustainability into the Group's business.

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