Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 311

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 311
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 forests with high conservation value and high carbon content, as well as palm oil farms that are not certified by the Roundtable on Sustainable Palm Oil (RSPO) or are not in the process of certification. New palm oil projects in swamps and peat-rich areas are also excluded.

In December 2024, the Environmental and Social Framework was reviewed in order to assess its effectiveness and update it in line with best practices, changes in international standards and the expectations of our stakeholders.

As part of its project management, BBVA applies the Equator Principles (EP), which require an adequate assessment and mitigation of biodiversity risks in the projects it finances under the scope of the EP. In addition, the Equator Principles were updated in 2020, to focus more on biodiversity. It should be noted that for projects with impacts on critical habitats, BBVA, as part of the implementation of the PE, requires the implementation of biodiversity management plans aligned, when applicable, with the IFC (International Finance Corporation) Performance Standards, which require identifying and quantifying impacts on biodiversity, critical habitats and natural resources.

33 Social and human rights aspects are disclosed in section 7.3 on Social Risk.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.312 |

7.3. Social Risk

### 7.3.1. Strategy and business processes
Integration of social factors into business strategy

Article 449 bis CRR - Table (2) a)

BBVA's sustainability strategy focuses on two central pillars. First, and as mentioned in the previous section, the fight against climate change and the protection of natural capital, and second, inclusive growth.

BBVA seeks to have a positive impact on the lives of people, businesses and society as a whole. In this regard, in addition to its main financing activity, BBVA supports the economic and social development of the communities where it is present through the following lines of action:

– Generating quality employment for its more than 125,000 employees across all the geographies in which it operates, as discussed in the section on "Commitments to employees and compliance with labor standards".

– Helping customers improve their financial health and ultimately meet their life goals, as well as achieve their transition to sustainability. To respond to the needs of its customers, while continuing to act responsibly, BBVA has developed a differential value proposition predicated on innovation and new technologies.

– Supporting society