Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 253

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 253
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 be held as and when needed.

The results of the social controversy analysis of customers and projects are managed through the New Business Committee (“NBC”) and are also considered in the approval of financial programs for wholesale clients, which are managed through the Credit Risk Approval Committee structure.

The NBC is held at least weekly and has a sectoral focus. Each wholesale customer transaction must be approved taking into account the environmental, social, and governance (hereinafter, ESG) risk factors that affect the transaction, which are specifically defined and assessed for each transaction proposal presented at the NBC. The proposals are evaluated by the Committee members, along with other relevant non-ESG factors considered when deciding whether to approve the transaction.

If the transaction is approved, it must be evaluated by the wholesale credit risk management committees, which also analyze ESG risk factors, specifically including social and governance risks, as explained above.

To facilitate the decision-making processes described above, the Sustainable Finance CIB team (which also handles the C&IB Reputation functions) may request a further analysis by the Reputation Holding unit. This unit periodically reports on the Group’s reputational risks to the Corporate Assurance Committee and to the Executive Committee attached to the Board of Directors. This process may include an assessment of potential environmental, social or governance risks.

Finally, in December 2024, the new Wholesale and Sustainability Committee was established, becoming the main decision-making and monitoring body for the actions related to the integration of climate and environmental risk within BBVA's risk management framework. Specifically, it focuses on the integration of these risks into the planning processes, the definition of appetite, and decision-making at the client, transaction, or portfolio level, within the scope of credit risk, markets, and structural risks

This is specified as follows:

i. Taxonomies of climate and environmental risks and their evolution.

ii. Methodological decisions in emission calculation engines impacting RAF metrics.

17 The data includes information from Spain, Mexico, Turkey, Argentina, Colombia, Peru, Uruguay, and Venezuela.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.261 |

iii. Approval of specific tools not considered as models.

iv. Decisions on the adoption of external models or the development of in-house calculation capabilities for climate and environmental risk.

v. Review and feedback from Wholesale & Sustainability Risk on the proposals to revise the Environmental and Social Framework by the GSA.

For more information, the sections