Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 266

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 266
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 countries and by 2040 globally.                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |     |                      |     |                                                 |     |       |                                                |     |                  |     |       |                   |     |      |                                          |    |           |                                      |     |               |
| (***)BBVA sets portfolio alignment targets for 2030 in line with industry practices and draws up a Net Zero scenario year by year. One of the EBA's requests is to draw up short-term targets (3 years), and there is a path to Net Zero but it is not an objective officially communicated by the Group.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     |                      |     |                                                 |     |       |                                                |     |                  |     |       |                   |     |      |                                          |    |           |                                      |     |               |
| (****)Carbon exposure includes financing provided and committed credit limits.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     |                      |     |                                                 |     |       |                                                |     |                  |     |       |                   |     |      |                                          |    |           |                                      |     |               |

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.271 |

Methodological notes on the alignment calculation

#### Scope
The analysis was carried out for BBVA S.A., BBVA Mexico, BBVA Peru, BBVA Argentina, BBVA Colombia and Garanti BBVA 24 . In order to obtain the customers for which the metric has been calculated, a selection has been made of those whose activity is considered to be part of the value chain responsible for emissions in the sector. However, it has been considered that a high percentage of the emissions of each sector is covered. In addition to the selection made by the economic activity code (NACE), an additional selection was made to identify those customers who, despite having a main activity that was not included in the analysis, could have part of their activity within the sectors included in the alignment. The analysis does not include fixed income and equity balances, which are due to be incorporated in 2025.

The metric for the fossil fuel sector (Oil and Gas) has been defined based on absolute emissions financed. It comprises the three scopes (1, 2 and 3) of the upstream 25 and parent companies operating within the industry, and emission reduction targets have been set.

In 2024, BB