Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 249

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 249
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 which set out the basic management guidelines in the different areas of special significance for the proper pursuit of the Bank's activity, also include different issues related to sustainability.

In this context, BBVA has governance models in place for the various elements that contribute to sustainability and the generation of long-term value, which stakeholders consider ESG factors or which should be included within the concept of “Sustainability”. This includes the management of the environmental impact of our direct activity and that of our customers on climate change, the treatment of social issues, both within the organization as regards our own employees and in society and, fundamentally, in our customers, as well as the Bank's actions in the different areas aimed at ensuring proper business conduct.

When managing and monitoring issues related to sustainability, the Board of Directors has adopted a governance model built around the Board itself, with the specialized support of its various Committees on matters that fall within their respective remits.

In the case of the Executive Committee (hereinafter, CDP), it supports the Board of Directors in decision-making and recurrent monitoring of BBVA’s strategy and objectives on matters of sustainability, which are defined while taking due account of the impacts, risks and opportunities arising from sustainability that are considered of relative importance for the Bank. The Executive Committee also supports the Board in overseeing the effective implementation and pursuit of the strategy by the Group’s executive areas.

Meanwhile, the Risk and Compliance Committee supports the Board in integrating sustainability into the analysis, planning and management of the Group's financial and non-financial risks, and in overseeing their effective fulfillment.

The Audit Committee supervises the preparation process and the content of the information to be prepared by the Corporate Bodies on sustainability for publication, as part of the Group's financial and non-financial public information.

The Appointments and Corporate Governance Committee not only assists the Board in assessing the effectiveness of the aforementioned Corporate Governance System, but also ensures that sustainability-

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.258 |

related skills and expertise are taken into account when considering the composition of the Board of Directors.

On the other hand, the Remuneration Committee analyzes the selection and monitors the trend in strategic indicators linked to variable remuneration, including indicators related to sustainability.

Lastly, the Technology and Cybersecurity Committee assists the Board in monitoring technology strategy and cybersecurity management.

The structure of the Corporate Bodies is as follows:

Through this governance model, the Corporate Bodies