Rules of Conduct in Defense

Authorized version in RMC – February 2012

Rules of conduct in defense

BBVA acknowledges the rights of countries to defend themselves and thus develop, produce and possess arms. However, BBVA considers certain activities and products related to the defense industry to contravene with its business standards and principles. This Defense Policy outlines BBVA´s position on the defense industry and describes the definitions, scope and implementation of the rule.

BBVA operates in strict compliance with the law. This requires that all legislation applicable to its activities and operations are observed without exception. In addition, BBVA maintains a stringent Code of Conduct based on a range of ethical values. BBVA has a specific policy on human rights and is committed to upholding the Universal Declaration of Human Rights, the ten principles of the United Nations Global Compact, the OECD Guidelines for multinational organisations and other relevant conventions, treaties and initiatives.