Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 288

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 288
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 an assessment of their decarbonization plans for all clients in the corporate banking segment, regardless of the sector in which they operate.

TRi assesses clients' transition risk exposure by their activities and geographies. Meanwhile, the credibility of the transition plans is assessed through:

– The level of ambition of the emission reduction targets; and

– The level of implementation of these plans. The second concept is measured on the basis of the maturity of their governance structures, the concreteness of their climate strategy in terms of the technological levers defined to achieve the targets, and the actual trend and performance in terms of greenhouse gas emissions.

31 Measured by EAD (Exposure At Default).

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.291 |

| Chart 28.TRi at the client level |

TRi is a useful internal tool for business areas to segment clients in sector-based alignment plans for portfolios that form part of BBVA's objectives. This allows the application of risk mitigation policies established in the

Sector Frameworks. Below is the result of the transition scoring system, which is used to classify clients by their level of exposure to transition risk and level of maturity in how they manage it:

| Chart 29.Transition score of the main customers by sectors(1) |

(1) Scoring system related to the transition of the Corporate portfolio (the size of the circles represents the number of customers in each category) and its coverage.

#### Calculation of financed CO

#### 2

#### e emissions
BBVA continues to measure the emissions associated with its financing and direct investment activities, also known as scope 3, category 15 greenhouse gas (GHG) emissions. To carry out this measurement, BBVA has adopted the PCAF (Partnership for Carbon Accounting Financials) methodology, applying the control criteria identified in the GHG protocol. This calculation will cover

all the portfolios included in the scope of the PCAF standard (first edition) and the Group's significant geographical areas, providing a global view of the emissions financed.

In accordance with the defined roadmap, at the end of December 2024, the calculation includes the measurement of financed emissions in the area of corporate loans, project finance, commercial real estate,

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