Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 302

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 302
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10) Steel and other processed metals; (11) Oil and gas exploration and production:

– The dependence is largely due to the fact that customers operating in these sectors (i) rely on ecosystems for water (inputs), while (ii) ecosystems protect customers' business continuity from potential risks and disruptions such as floods and storms or, erosion control through vegetative cover.

– In terms of impact, the main impacts in these sectors are due to the amount of water and land used in their production processes, the waste generated, as well as the contamination of terrestrial and aquatic ecosystems.

During 2024, further progress was made in assessing natural capital risks and their financial impacts at the client level in those sectors identified as priorities. Specifically, it has begun to be systematically integrated into customer analysis processes through Sectoral Action Frameworks, which define risk appetite at the sector level and risk management policies at the customer level. Know Your Client (KYC) was also enhanced to systematically collect the policies and performance of customers in the Corporate segment in terms of water and biodiversity.

In line with the ESG data strategy, BBVA's goal is to collect specific data from each company about the location of their operations and make our assessments more accurate and granular. Currently, BBVA is incorporating three different providers who will supply us with the geolocations of the most important assets (sites) of our clients.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.306 |

Exposure by sectors to climate and environmental risks

In 2024, BBVA developed an internal taxonomy designed to assess the exposure of major economic activities to transition, physical and natural capital climate and environmental risks.

| Tabla 108.Risk level of economic activities |

|                                               |     |           |     |                                                 |     | Climate         |     |               |     | Natural capital              |
| Sector                                        |     |           |     | Subsector                                       |     | Transition risk |     | Physical risk |     | Transition and physical risk |
| Transport vehicles and components             |     |           |     | Autos OEMs                                      |     |                 |     |               |     |                              |
| Autopart suppliers                            |     |           |     |                                                 |     |                 |     |               |     |                              |
| Other OEMs                                    |     |           |     |                                                 |     |                 |     |               |     |