Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 319

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 319
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 significant adverse social or environmental impacts that are irreversible or unprecedented.                                                                             |     |               |     |        |     |               |     |        |     |               |     |        |
| (2)Category B: projects with potentially limited adverse social and environmental impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures. |     |               |     |        |     |               |     |        |     |               |     |        |
| (3)Category C: projects with minimal or no social or environmental impacts.                                                                                                                                      |     |               |     |        |     |               |     |        |     |               |     |        |

Out of a total of 81 operations analyzed (100% of the operations under the scope of the Equator Principles, in 2023: 54), a total of 62 operations were signed in 2024 (43 in 2023) and eight operations were rejected for reasons related to business concerns and the risk (credit, environmental and social) posed by the operations (2023: 11 operations rejected). Of the operations signed in 2024, 50% were in the power generation sector, 44% in the infrastructure sector, and 6% in other sectors. By geographic area, 56% related to the Americas and 44% to Europe, Middle East and Africa (EMEA).

Social risks in retail customers

BBVA identifies, accredits and documents the activity carried out by retail customers through KYC under a risk-based approach. KYC processes allow banks to gain more knowledge on customers, their operations, product segmentation, channels, needs and traceability of transactions.

The General Retail Credit Risk Policy establishes that one of the general principles governing retail credit risk management in the BBVA Group is respect for equality and diversity, avoiding unfair bias in access to financial products for reasons such as gender, color, ethnic origin, disability, religion, sexual orientation or political opinion.

Additionally, the General Risk Management Model Policy establishes that in order to avoid unfair bias in access to financial products based on gender, color, ethnic origin, disability, religion, sexual orientation or political opinion, none of these variables will be included in the admission and pricing models.

Commitment to Human Rights

Since 2018, BBVA Group has carried out two global Human Rights Due Diligence exercises in order to prevent, mitigate and remedy potential human rights impacts (such as human trafficking and forced labor, child labor, freedom of association and