Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 278

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 278
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VOCI)", "Fair Value Through P&G", "Non-tradable at Fair Value Through Profit or Loss" and "Trading". Instruments: loans and fixed income, and additionally loans secured by commercial and residential real estate. Sectors: Central Banks and Public Administrations have been included as "other counterparties", credit institutions and other financial institutions as "financial companies". Fixed Income issues that comply with widely accepted environmental market standards, although they are not considered in the channeling. The detail of these actions is developed in the following sections of the report. |     |                        |     |        |                                     |     |       |
| (**)The information includes the BBVA Group total prudential balance. In terms of breakdown of environmental objectives, the most significant entities are included and correspond to 96% of the total assets. These data represent the best information available to date.                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     |                        |     |        |                                     |     |       |

Qualitative information on the nature of mitigation measures

The criteria used to catalogue the products shown in the above table of climate change mitigation measures 30 1when describing internal and market standards are those reflected in section 7.2.1. Strategy and business processes. These figures represent BBVA's current exposure that complies with the aforementioned standards but is not necessarily aligned with the EU taxonomy. The taxonomy-aligned exposure is included in section 7.2.1 Strategy and business processes in the Information regarding art.8 of the European Union Taxonomy section of this report.

Type of risk mitigated: transition risk linked to climate change

BBVA supports its clients by facilitating the mobilization of financial flows related to climate change mitigation objectives toward activities and products considered sustainable or that promote sustainability in accordance with the standards and criteria mentioned above.

Similarly, in relation to "transition" activities, a term widely used when talking about the economy, specific sectors, financial portfolios or companies, it is used to describe the changes in economies necessary to meet the environmental objectives of different public bodies.

Type of risk mitigated: physical risk linked to climate change

BBVA has focused much of its efforts on supporting clients in mitigation measures and supporting the ecological transition, although internal standards have also been developed for certain adaptation activities mainly related to the primary sector, such as efficient agriculture, eco-schemes or drought-resistant seeds.

Policies and procedures related to client engagement in their strategies to mitigate and reduce environmental risks

Article 449 bis CRR - Table (1) d)

Below we explain how BB