Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 320

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 320
---
 collective bargaining, equal pay or discrimination).

Through these processes, BBVA was able to analyze the following aspects:

– Identification of the main issues or potential impacts of operations.

– Improvements within BBVA to try to prevent and mitigate these impacts.

– The availability of channels and processes that facilitate grievance mechanisms for those affected in the event of a breach.

As a result, the Human Rights Action Plan was drawn up and published, setting out the actions to be taken by the BBVA Group in this regard over the coming years.

Similarly, global due diligence processes were replicated in Spain, Mexico, Turkey, Argentina, Colombia, Peru, Uruguay and Venezuela. In 2021, each country prioritized those issues with the greatest impact and frequency resulting from local social and governmental practices and from the interviews held with the management areas and global risk control specialists.

As a result, each country developed its own action plan. To ensure an effective follow-up, a semi-annual evaluation of the action plans was carried out at the local level. Strategies adopted to mitigate risks included the strengthening of key procedures at local level in order to implement established global policies, in addition to interviews held with management areas and risk control specialists at global level.

Through these exercises, the Group's internal processes, actions and policies, among others are able to address and mitigate the probability of occurrence of the following concerns: human trafficking and forced labor, child labor, freedom of association and collective bargaining, equal pay or discrimination.

To identify and assess the impacts, the Group has developed its own internal taxonomy that evaluates 28 human rights issues grouped into six thematic blocks: Employment conditions, projects and products (focusing on large corporate customers), supply chain, customer well-being, respect for communities, and various cross-cutting issues (such as data protection and the impact of new technologies on human rights).

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.317 |

It should be noted that nine of these issues are included in the "employment conditions" thematic block, which includes issues related to the company's own personnel, such as the fight against labor and wage discrimination, fair hiring and remuneration, labor rights and relations, and health and safety. Meanwhile, three issues in the taxonomy cover aspects related to customer well-being such as accessibility, service and safety and respect. In the case of both employees and customers, it was considered that the policies relating to these