Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 573

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 573
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 offering customers products and services that are appropriate to their needs, and safeguarding their interests. |

4.4.1.4 Environmental risk The 2015 Paris Agreement, the major milestone in the international commitment against climate change, promotes the reduction of greenhouse gas (GHG) emissions to limit global warming to “well below” 2ºC in 2100 and seeks to ensure that it does not exceed 1.5ºC in relation to pre-industrialaverage temperatures (1850-1900). The European Union adopted the Agreement and, in line with its goals, has been promoting various regulatory and non-regulatorymeasures to achieve a fully decarbonised economy by mid-century.From a financial perspective, this has been implemented through the 2018 Action Plan on Sustainable Finance (APSF), a roadmap that was reformulated and updated in 2021 in the Renewed Sustainable Finance A-390

Strategy (RSFS), with strategies that have been developed by applying a regulatory and supervisory “tsunami” aimed at achieving the promised objectives. In this context, Banco Sabadell Group’s commitment to sustainability has been incorporated with a cross-cutting approach into its strategy and business model, internal governance and risk identification, management and control, in order to guide its activity and processes towards contributing to a more sustainable and resilient economy. The aim is to support the Group’s customers with their transformation in two ways: on one hand, by providing them with appropriate funding to meet their needs and, on the other, by offering them savings and investment products that serve as a catalyst to achieve an emissions-neutral world that is resistant to climate variability and the degradation of natural ecosystems. The commitment also extends to the Group as an entity separate from its customers, as the Institution also aims to reduce its own consumption and emissions, thereby ensuring its contribution to the collective aim of sustainability. As part of this corporate goal, throughout 2023 Banco Sabadell Group has continued to implement the Sustainable Finance Plan, which includes a series of initiatives that add to its track record of projects designed to pursue a more sustainable economy, as described below. To align with its commitment to achieve a sustainable future, Banco Sabadell Group has been part of the Net-ZeroBanking Alliance (NZBA) since 2021. This is an international alliance on climate change formed by major banking institutions, whose main objective is to align their loan and investment portfolios with net-zeroemissions scenarios by 2050 or earlier, in accordance with the most ambitious goals of the Paris