BBVA : Sustainability Presentation

B B V A ' S S U S T A I N A B I L I T Y STRATEGY

Building a

greener and more inclusive future

October 2022

Building a greener and more inclusive future 2

The world is living in an age of unprecedented changes

Climate	+3.0ºC
change	Current climate trend
	(above pre-industrial levels)

Growing
		1.4 Bn unbanked
social inequalities			Adults with no account, 2021(1)

Nature		3 planets
degradation		Needed to satisfy 2050
		consumption demands(2)

1. The Global Findex Database 2021, Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. World Bank Group
2. UN: "Goal 12: Ensure Sustainable Consumption and Production Patterns", 2020.

Sustainability is at the

core of BBVA's Strategy

OUR PURPOSE

To bring the age of opportunity to everyone

Building a greener and more inclusive future 3

SUSTAINABILITY STRATEGIC PRIORITY

our clients transition towards a sustainable future

SUSTAINABILITY STRATEGIC PLAN

roadmap with 3 goals

Building a greener and more inclusive future 4

Our ambition is to support business growth and manage our impacts, with 3 main goals and indicators

Foster new business through sustainability

				To channel
					financing
	NEW¹
			2025 Goal
				€	300Bn
			FROM 2018 TO 2025
			Climate change

& Inclusive growth

Achieve Net Zero 2050

Make a positive impact

2030 Portfolio Alignment Targets

Community investment

for 6 carbon intensive sectors

O&G

POWER

COAL

BBVA's 2025 Community Commitment

STEEL

CEMENT

AUTO

€550 Mn

Working on the targets of more sectors

Carbon Neutral since 2020

FROM 2021 TO 2025

in our own operations

100%

RE

NEWABLE ENERGY USE BY

2030 IN OUR OWN OPERATIONS

¹Announced goal in October 2022

Building a greener and more inclusive future 5

We are bringing sustainable financing to the next level

With a holistic approach that includes climate

Tripled our sustainable financing target

action, inclusive growth and all business segments

New target

Sustainable financing breakdown¹

€ 300 Bn

€112 Bn

Target in 2021

23%

77%

Inclusive

Climate

€ 200 Bn

BY

Channeled

Growth

Change

PURPOSE

until JUN 22

Target in 2018

(€14Bn in 2Q22)

€ 100 Bn

4%

5%

BBVA Microfinance

SRI funds

5%

Foundation2

& other

65%

72%

Project

12%

CIB

finance

Loans

Retail

BY

19%

BY

2018

2019

2020

2021

2022

2023

2024

2025

Bonds

18%

SEGMENT

PRODUCT

Enterprises

Sustainability is a growth lever:

~20% of sustainable business is incremental

¹Figures from 2018- 2Q 2022

2Figure not included in the breakdown by sectors of the following pages