Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 742

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 742
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 organisation by creating an ESG framework, Sabadell’s Commitment to Sustainability. To this end, the Institution continues to align its strategy to the Sustainable Development Goals (SDGs) and the Paris Agreement, with the aim of supporting and accelerating the key economic and social transformations that contribute to sustainable development and the fight against climate change. With its sustainability strategy, the Group deals with the risks and opportunities posed by the climate and environmental issues that impact the strategic pillars of its ESG framework, Sabadell’s Commitment to Sustainability, from a ‘double materiality’ perspective. To this end, the Bank has set objectives and is carrying out transformation actions. The following actions are worthy of note:

| – | Progress as a Sustainable Institution, by environmentally managing premises and by driving forward climate and 
 environmental commitments. The Bank is focused on reducing its carbon footprint and on being carbon neutral.   |

| – | Support customers in the transition towards a sustainable economy, through advisory services and the development of        
 specific solutions aligned with the regulatory environment, as well as the identification of transformation opportunities. |

During 2022 and in line with the commitment to reduce CO 2emissions, the Bank has implemented plans for energy saving, preventive maintenance of HVAC systems, waste management and recycling, and continues to invest in projects to offset its greenhouse gas (GHG) emissions. In support of the main international commitments to sustainability and net zero, the Bank strengthens its transitional actions by signing new agreements such as the Platform for Carbon Accounting Financials (PCAF) to make progress in the calculation of the carbon footprint of the lending and investment portfolio. As regards its support of customers in their transition, the Bank continues to learn more about the environmental and climate impact of its activity and classify it accordingly. It is also offering sustainable finance solutions, as well as promoting the energy transition and raising awareness of the importance of the green transition via training activities geared at employees and advice aimed at customers. Moreover, the Bank has set decarbonisation targets for the most CO 2-intensive sectors to ensure that it meets its portfolio neutrality targets by 2050. Another framework for action is to offer ESG investment opportunities by increasing the offer of sustainable savings and investment products, either our own or those of third parties, and by driving capital investment in renewable energy projects and promoting green initiatives and technologies. Given the activities in which it is engaged, as at 31 December 2022, the Bank does not have responsibilities, expenses, assets, revenues or provisions or contingencies of an environmental nature