Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 260

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 260
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(2) Percentage calculated in terms of the volume of loans in the portfolio, which includes both drawn and undrawn financing (such as Loans, unused Revolving Credit Lines, Guarantees, ECA lines, among others). Data as of December 2024. Corresponds to high-emission sectors that include Oil & Gas, Power generation, Autos, Steel, Cement, Thermal coal mining, Aviation and Aluminum at the BBVA Group level. Customers actively managing their transition are considered to be those classified as “Advanced”, “Robust” or “Moderate” according to internal transition assessment tools such as the Transition Risk Indicator (TRi), taking into account their medium-term emissions reduction targets and levers for managing said emissions and their committed investments to execute their transition plan.

21 The Objective 2025 includes channelling financial flows, cumulatively, in relation to activities, customers or products considered sustainable or that promote sustainability in accordance with both internal and market standards, existing regulations and best practices. For more information, see the section “Evolution of the sustainable business channelling”.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.266 |

Sustainability in the business model and corporate environment

BBVA fosters the development of sustainable products or products that promote sustainability, in order to benefit from the growth in this type of business.

The bank follows a customized approach for each customer segment, including wholesale customers (corporate and institutional), corporate customers and retail customers. The development of products and services is accompanied by interaction and constant dialogue with customers.

In 2018, BBVA set a target of achieving EUR 100 billion euros of sustainable business channeling through 2025. In 2021 and 2022, it increased the 2025 Target, tripling its initial target to 300 billion euros over the 2018–2025 horizon. This target covers wholesale, corporate and retail banking in Spain, Mexico, Turkey, Argentina, Colombia, Peru and Uruguay. In the case of wholesale customers, in addition to these countries, it also covers the United States and the branches of Banco Bilbao Vizcaya Argentaria, S.A. in Belgium, France, Italy, Germany, Portugal and the United Kingdom.

This objective includes channeling financial flows, cumulatively, toward activities, clients or products considered sustainable or that promote sustainability.

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