Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 657

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 657
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, as the materialisation of such a risk could jeopardise the achievement of the vision that the Group has for its future and that it wishes to convey to the market, with its own unique and recognisable personality. The Group monitors this risk through the Board Risk Committee, which has a dashboard with indicators associated with the main stakeholders. The qualitative aspects of the RAS include the following aspects:

| – | Low appetite in the event of threats to the Group’s reputation. |

| – | Special consideration of restrictions on transactions with borrowers associated with political parties and the media. |

| – | The Group neither invests nor provides funding to companies linked to the development, manufacture, distribution,                     
 storage, transfer or sale of controversial weapons, as set forth in the various conventions of the United Nations currently in force. |

| – | The products and services offered to customers need to be known by all of the parties involved, who must be                                               
 specifically trained for their sale, only offering customers products and services that are appropriate to their needs, and safeguarding their interests. |

A-527

4.4.1.4 Environmental risk

The big milestone in the international commitment to fight against climate change materialises in the 2015 Paris Agreement, which promotes the
reduction of carbon emissions to limit global warming to “well below” 2°C in 2100 and which aims not to exceed 1.5ºC in relation to pre-industrial average temperatures (1850-1900). The
European Union included the Agreement in its legislation, detailing and tightening it through a ‘regulatory tsunami’ whose main initiatives are established in the Action Plan on Sustainable Finance (APSF) of March 2018, as well as in its
subsequent restatement in the Renewed Sustainable Finance Strategy (RSFS) of July 2021.

Banco Sabadell Group’s commitment to sustainability
has been incorporated into all areas of its strategy and business model, internal governance, risk management and assessment arrangements, steering its activity and processes in order to make a firm contribution to sustainability and the fight
against climate change and environmental degradation. The aim is to support the Group’s customers in the transition towards a sustainable future, either by providing them with the appropriate and necessary funding for this or by offering them
savings and investment products that help to achieve a world with greenhouse gas emissions neutrality. This is in addition to the Institution’s own aims of achieving greenhouse gas (GHG) emissions neutrality and of continuing to reduce its own
consum