Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 248

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 248
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 matters of sustainability

Article 449 bis CRR - Table (1) e), f), g), Table (2) d), e)

In the context of the Group's overall management and control framework, the Board of Directors has incorporated sustainability as one of the Bank’s strategic priorities, as reflected in the Group’s 2019-2024 Strategic Plan.

As part of this framework, the BBVA Board of Directors has approved the General Sustainability Policy, which sets out and defines the general principles, management and control objectives and guidelines to be followed by the Group in matters of sustainable development, understood as meeting the needs of the present generation without compromising the ability of future generations to meet their own needs, in line with the definition established in this regard by the United Nations.

The Corporate Bodies ensure that sustainability, which includes environmental, social and governance (ESG) aspects, is integrated into all the Group's businesses and activities, from a global perspective, and that the material impacts, risks and opportunities relating to sustainability are adequately managed.

To succeed in this task, the Bank has a Global Sustainability Area, which is responsible, inter alia, for designing and promoting the implementation of the Group's strategic sustainability agenda and business development in this regard; setting the Group's objectives in these matters; and promoting and coordinating the different lines of work of the Group in this area, developed by the different areas; maintaining in all areas of the Group the objective of promoting integrity in the relationship with the different stakeholders.

Likewise, the various executive areas promote the different aspects of sustainability in their respective areas of competence, considering it in the definition of their strategies, work plans, initiatives and resource management, and establishing, where appropriate, objectives and metrics that allow measuring the progress made by each of them in these areas.

The impacts, risks and opportunities arising from the various aspects of sustainability that are of material significance to the Bank are taken into account in the decisions approved by the Board of Directors that make up BBVA's general management and control framework.

In particular, they fall within the scope of the Strategic Plan, which incorporates sustainability as one of its strategic priorities; of the Budget, which sets annual targets for strategic indicators, among others, related to Sustainability; and of the Risk Appetite Framework, which makes reference to sustainability in the Risk Appetite Statement, as well as specific metrics related to sustainability (i.e. high transition risk (hereinafter, HTR) metrics and the portfolio decarbonization indicator).

Moreover, the various general policies of the BBVA Group,