Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 255

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 255
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 2024, the issues addressed regarding inclusive growth have been framed within the goal of driving sustainable business.

Moreover, the Group's various business and global areas reported to the Corporate Bodies on their activities, which include sustainability as one of the key pillars, seeing as though it is a strategic priority of the organization. More precisely, they delivered detailed accounts of the initiatives, projects and specific activities developed and the resources they rely on in pursuing this priority.

Remuneration policy with objectives related to environmental and social risks

Article 449 bis CRR - Table (1) i), Table (2) g)

BBVA has a BBVA Directors’ Remuneration Policy, which was approved by the General Shareholders’ Meeting on March 17, 2023 for financial years 2023, 2024, 2025 and 2026 and which governs the remuneration of the members of the Board of Directors, both executive and non-executive. This policy can be found on the Bank's website.

The BBVA Directors' Remuneration Policy is one of the elements designed by the Board of Directors, as part of the Bank's Corporate Governance System, within the framework of commercial legislation and the specific regulations applicable to credit institutions. It also considers best national and international practices and recommendations on matters of remuneration. The suggestions received as part of the constant and constructive dialogue that BBVA maintains with its shareholders, investors and other stakeholders were also taken into account.

In accordance with the provisions of BBVA's Directors' Remuneration Policy, BBVA's executive directors are subject to an annual variable remuneration scheme that includes a short-term incentive, like the rest of the Group's staff, as well as a long-term incentive, like the other staff members whose professional activities have a significant impact on the risk profile of BBVA and/or its Group.

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.262 |

The short-term incentive will be calculated by taking as a reference the target short-term incentive established for each executive director in the BBVA Directors' Remuneration Policy (which represents the amount of the short-term incentive if 100% of the pre-established

targets are achieved), based on the results, or outcome, of a series of indicators, both financial and non-financial, with an annual measurement period, and which are aligned with the most relevant management metrics and with