Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 271

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 271
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 toward a more sustainable model. Supporting these customers is a key part of BBVA's contribution to the energy transition.

These customer support plans are based on a personalized approach and a strategic dialogue built around the decarbonization levers of each sector. BBVA provides customers with advice on the design and development of transition plans aimed at reducing emissions and with clear objectives set, and monitors compliance with such plans. These plans plot out milestones or objectives that are monitored and, if necessary, allow the action to be taken to help achieve them. These measures may include underweighting business growth or even initiating an orderly exit process for the customer concerned, when its performance does not contribute to the achievement of the emission reduction targets.

#### Alignment governance model
In order to follow up on the alignment objectives of the sectors for which targets have been set and monitor their compliance, BBVA created the Sustainability Alignment Steering Group (SASG) in 2022. The SASG's functions include the following:

– Analyze and discuss the 2030 alignment objectives prior to their approval.

– Evaluate the degree of compliance with the alignment objectives and their levers.

– Analyze and discuss proposals for sectoral or aggregate alignment plans, and for updating them, which will be submitted to the SASG by the business units, with the support of the technical teams of other participating areas.

– Promote the creation and deployment of the tools, methodologies and variables necessary for the operationalization of the sectoral alignment plans in the management processes already existing in the business units.

– Analyze and understand of the best practices in the sector, promoting the integration of sustainable criteria in day-to-day business.

In 2024, the governance model for BBVA's decarbonization strategy was strengthened with the sectoral model for wholesale clients. This structure allows the bank to strengthen its positioning with these customers through a relationship model that relies on specialists with knowledge of each of the key sectors, in turn enabling the bank to support customers more effectively and enhance the strategic dialogue by addressing their main business needs.

BBVA has global sector managers in the priority sectors for the decarbonization of the loan portfolio: energy; industry and transportation; infrastructure and construction. These sector leaders are responsible for steering the business strategy for their sector, carrying out the actions defined in the sector alignment plans and implementing an accompaniment plan with sector customers to support them in their transition toward a low-carbon economy. Moreover, BBVA completes its sectorial coverage with managers in the consumer, retail and healthcare sectors; technology, media and