Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 251

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 251
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 addition, BBVA has developed a network of experts, made up of sustainability specialists in different areas of the Group (Retail Client Solutions, Commercial Client Solutions, Corporate & Investment Banking, Asset Management, GRM, Finance, Regulation & Internal Control, Legal, Internal Audit and the Global Sustainability Area itself). These specialist teams are responsible for generating knowledge in the field of sustainability in the Group for proposals and solutions for customers, as well as for supporting the areas in the development and implementation of new value propositions in the field of sustainability, the integration of sustainability risks in risk management, the management of non-financial risks, as well as the definition of a public agenda and sustainability standards.

In 2022, the Sustainability Alignment Steering Group (hereinafter SASG) was created to make proposals and monitor the alignment objectives of the sectors for which specific objectives have been set and to supervise their compliance. It is made up of the heads of the Corporate & Investment Banking, GRM, Global Sustainability Area, Strategy and Regulation & Internal Control business areas.

After passing through the SASG, the monitoring of compliance with the objectives, including an explanation of possible deviations and measures to redirect them (if applicable), is presented quarterly for review at the highest executive level and subsequently to the corporate bodies, at least every two years.

With regard to the disclosure of ESG public information, the BBVA Group has an ESG Reporting Committee. The Committee serves as a coordinating and support body at the executive level aimed at ensuring that the information to be disclosed on sustainability matters to be formulated by the BBVA Group's corporate bodies reflects its sustainability objectives and strategy, as well as the risk management model and the relevant quality standards. The Committee is headed up by the Finance area and the following areas take part in meetings: Global Sustainability Area, Global Risk Management, Regulation & Internal Control, Legal Services, General Secretary, Data, Chair Office, Talent & Culture, and Internal Audit.

In order to strengthen the Group-wide integration of sustainability, BBVA has incorporated other aspects related to sustainability in the day-to-day running of its business, encompassing not only its relationship with customers but also in internal processes, including its management control and reporting processes.

The following actions can be highlighted:

– Steady integration of sustainability when delivering financial reports to Senior Management and the business areas.

In Spain, for example, these reports include analysis of the trend in profitability and its impact on the income statement, and certain decisions on the allocation of internal resources are derived from them.

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