Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 254

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 254
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 7.2 Environmental Risk, 7.3 Social Risk, and 7.4 Governance Risk, under the subsections on Strategy and Risk Management in this report, also mention issues related to the governance approach in the ESG field.

Activities of the Corporate Bodies on sustainability matters of frequency of meeting

Article 449 bis CRR – Table (1) h), Table (2) f)

The Board of Directors has made sustainability one of the Bank's strategic priorities and has approved the General Sustainability Policy, which defines and establishes the general principles, and the management and control objectives and guidelines to be followed by the Group in matters of sustainable development, supervision of which rests with the Board.

This Policy, revised in 2022, integrates the previous Corporate Social Responsibility Policies and the General Sustainability Policy and identifies BBVA's main stakeholders and other groups (customers, employees, shareholders and investors, suppliers, regulators and supervisors, as well as community investment) and the different areas of action (tax responsibility, prevention of illegal conduct and corruption, participation in international initiatives and commitment to human rights).

In addition, the Board of Directors has made other specific management decisions relating to sustainability, notably: establishing a strategic indicator for the channeling of sustainable business, with a target of 300 billion euros set for the 2018–2025 period, which is also part of the indicators in place for the incentive of the workforce; targets for the decarbonization of the portfolio aligned with the goal of achieving zero net emissions by 2050; or the Investment in the Community of 550 million euros.

When it comes to supervising and controlling the effective implementation of the decisions made by the Board of Directors on matters of sustainability, the Corporate Bodies rely on the reports received both from the Global Sustainability Area and from the Group's different areas and departments, which incorporate sustainability in the reporting processes for their businesses and activities.

The executive areas submit these reports to the Corporate Bodies according to their respective remits, either on a regular or as needed basis.

For these purposes, it should be noted that in 2024 the Corporate Bodies received regular specific reports from the Global Sustainability Area, allowing them to monitor and oversee different aspects of the strategy related to sustainability and the objectives set, as well as the main projects and lines of work of the Group in this regard.

In this regard, within the framework of reporting on Sustainability to the corporate bodies, which includes the performance of the inclusive growth strategy, reports have been presented three times to the Board and twice to the CDP.

In