Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 279

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 279
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VA obtains and analyzes information from its customers to proactively and constructively offer them solutions that will help them in their transition toward a more sustainable future. This is carried out according to the customer’s degree of progress toward its decarbonization process, always aligned with its Net Zero 2050 strategy and transition plan.

Sustainability is part of the recurring dialogue with our wholesale customers (known as engagement) and of the value proposition, both strategically and commercially, and is integrated into the underwriting, pricing and risk management processes.

30 Climatic criteria (mitigation or adaptation to climate change). No other environmental or social objectives are included.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.284 |

BBVA interacts and shares knowledge and best practices with its wholesale customers. In this regard, dialogue with customers on ESG aspects is predicated on:

– Advice on the implementation and execution of sustainability strategies tailored to each customer according to their sector and geography, taking into account the political and financial context, analyzing the main regulatory issues, disclosure issues, financial market developments, ESG ratings, and so on.

– Specialization by sector, focusing on those sectors facing the greatest challenges for the transition to a low-carbon economy. This includes advice tailored to the oil & gas industry, power generation, automotive and auto parts manufacturers, infrastructure, the industrial sector (cement, chemicals, mining, capital goods, etc.), processed foods, beverages, technologies and pharmaceuticals. Clients are informed about the key challenges and opportunities for each industry and the dialogue focuses on each industry’s roadmap to align with the Paris Agreement and energy transition goals. Moreover, BBVA provides its clients with information on regulation, technological improvements and best practices in each industry as well as a comparative analysis on how similar companies are evolving in terms of ESG, different options to improve their sustainable profile and how to set specific short and medium term objectives.

– Expertise in topics such as cleantech, biodiversity, ESG credit rating, carbon markets and nature-based solutions, or social issues in which BBVA provides specific advice to clients with the idea of helping and, as the case may be, accelerating their transition with debt and equity solutions.

– Provide support in the analysis of customers' Scope 3 emissions and their suppliers' carbon footprint, in order to develop future strategies to reduce the environmental impact of value chains and increase their resilience.

– Offering customers products