It is an honor to present to all our stakeholders BBVA México’s 2024 Annual Financial and Sustainability Report, in which we provide an overview of the most significant results from our performance in the environmental, social, and governance areas. At BBVA, we are convinced that the financial sector plays a key role in innovation, digitalization, decarbonizing the economy, and fostering inclusion.

In this context, we have defined as a strategic priority the task of supporting our clients in their transition to a sustainable future. To achieve this, we rely on two key pillars: sustainable financing and specialized advisory, with a particular focus on combating climate change and promoting inclusive growth.

As a result of this strategy, in 2024 we mobilized over 325 billion pesos in sustainable business, with 77% directed toward climate change projects and 23% toward social projects. This represents a 58% increase compared to 2023 and includes the channeling of resources to wholesale clients (institutional, corporate, and business) as well as retail clients. Additionally, it includes our participation as an intermediary in the placement of more than 58 billion pesos in green, social, and sustainable bonds.

During the year, we financed our clients with more than 251 billion pesos to support projects aimed at combating climate change and improving the efficient use of natural resources. At BBVA, we also have a Global Ecoefficiency Plan to mitigate the environmental impact generated by our operations. As part of this plan, we achieved the certification of six additional buildings under ISO 14001 for Environmental Management Systems, bringing the total to 17 certified buildings in Mexico. Meanwhile, 100% of the electricity we purchased was sourced from renewable energy.

In 2024, we launched the Second BBVA National Sustainability Challenge, “Together for Water in Mexico,” aimed at addressing environmental issues in partnership with various organizations and benefiting local communities. This initiative complements the “Seaweed Containment and Utilization in the Mexican Caribbean” challenge we launched in 2023.

In addition to driving these actions that contribute to sustainable development, we reaffirmed our commitment to global initiatives such as the Ten Principles of the United Nations Global Compact, the Principles for Responsible Banking, and the Principles for Responsible Investment.

Thanks to these and other achievements, BBVA México was recognized in 2024 within the Merco Companies monitor as the financial institution with the best reputation in the country. Furthermore, in the Merco ESG monitor, we were distinguished as the company with the greatest environmental, social, ethical, and governance responsibility in Mexico’s financial sector.

On another note, we promoted financial inclusion by opening over 1.8 million 100% digital accounts for previously unbanked customers. We supported individuals and SMEs in our country with over 26 billion pesos in financing for projects benefiting vulnerable segments (women, youth, entrepreneurs, and microbusinesses). Additionally, we financed social projects focused on infrastructure, health, education, and emergency response for businesses, governments, and large corporations, totaling over 47 billion pesos.

We continue to promote financial education through tools for expense control, credit management, saving, and investment planning. Through these initiatives, we aim to empower more people to make informed decisions and maintain healthy finances.

Through Fundación BBVA México, we continue to offer quality education through the three “Inspiring Young Boys and Girls Schools,” which provide academic training to 257 students under the SER educational model (Self-improvement, Excellence, and Results). This approach, based on a joint commitment between students, families, and schools, guarantees comprehensive, high-level training and provides balanced meals during the school day. In 2024, we inaugurated two new schools in Zumpango, State of Mexico, and Veracruz, Veracruz, which joined the first of these educational centers located in Acolman, State of Mexico. With this initiative, we continue to invest in providing excellent education to talented young people in socioeconomically disadvantaged conditions.

With regard to our workforce, which consists of over 48,000 employees, we continue to implement practices that promote their overall well-being. As a result of these efforts, BBVA México was recognized, for the second consecutive year, with the Factor Wellbeing distinction, awarded by the Instituto de Ciencias del Bienestar y la Felicidad (ICBF) of Tecmilenio University in collaboration with Forbes México.

Additionally, we continue to promote gender equity within our organization, reflected in a workforce where 51% are women. We have also made progress in adapting our infrastructure and furniture in our branches and corporate buildings to benefit the 343 individuals with disabilities who are part of our team.

We are grateful for the trust of our clients, investors, employees, and society as a whole. We will continue working to create opportunities and drive a more sustainable future for all.

Sincerely,