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Annual Report 2024

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2024 Achievements

+1.9

billion MXN invested in Fundación BBVA México programs

+1,600,000

people impacted

+318,000 direct

beneficiaries +828 thousand

indirect beneficiaries of the Partnerships for Education program

+103 thousand

direct beneficiaries of the Supérate program

+49 thousand

direct beneficiaries and
+128 thousand indirect

indirect beneficiaries of the Inspiring Young Boys and Girls Scholarship Program

+19 thousand direct beneficiaries and +38 thousand indirect beneficiaries of the Juntos por la Educación en Guerrero program

+8,425

volunteers

+21,794

volunteer hours

Mentorship

7,466

volunteers

16,040

volunteer
hours

Founders’ Day

959

volunteers

5,754

volunteer
hours

People Impacted

257 direct beneficiaries and 676 indirect beneficiaries Inspiring Young Boys and Girls School program

+19 thousand

direct beneficiaries of the Financial Coaches program

+4 thousand direct beneficiaries of the Inspiring Young Boys and Girls Parents’ School program

757 direct beneficiaries of the Schools for Inspiring Young Boys and Girls Parents’ School program

+3 thousand direct beneficiaries and +9 thousand indirect beneficiaries of the Scholarships for Inspiring Young Boys and Girls with Disabilities program

+54 thousand

direct beneficiaries

of the Cultural Development program

+32 thousand direct beneficiaries of the Natural Disaster Relief program

Total

+606 thousand
direct beneficiaries

+1 million
indirect beneficiaries

Breakdown of the people impacted

Initiative

Direct beneficiaries

Indirect beneficiaries

Who are the indirect beneficiaries?

Scholarships for Inspiring Young Boys and Girls

49,415

128,479

Members of the scholarship recipients’ households

Scholarships for Inspiring Young Boys and Girls with Disabilities

3,673

9,550

Members of the scholarship recipients’ households

Partnerships for Education

318,488

828,069

Members of the households of the benefited students

Schools for Inspiring Young Boys and Girls

257

676

Members of the households of the students

Financial coaches

19,163

-

NA

School for Parents - Inspiring Young Boys and Girls

4,246

-

NA

Schools for Inspiring Young Boys and Girls
Parents’ School

757

-

NA

Supérate

103,380

-

NA

Cultural Promotion

54,693

-

NA

Support during natural disasters

32,800

NA

Juntos por la Educación en Guerrero

19,502

38,064

Educational community using the media classrooms, students of the teachers who received technological tools, and members of the scholarship recipients’ households.

Total

606,374

1,004,838

Fundación BBVA México’s mission is to mobilize and channel resources to support social development programs aimed at vulnerable populations. These initiatives include scholarship programs, educational projects, cultural and artistic promotion activities, and direct assistance in the event of disasters or emergencies. Our goal is to provide sustainable opportunities that contribute to building a more equitable and just society for the benefit of Mexico.

To be the leading organization in the field of Corporate Social Responsibility by promoting social mobility and reducing inequalities through education and social development initiatives.

Contribution of Fundación BBVA to the SDGs

In addition to aligning with the global strategy of the Group, at Fundación BBVA México we have integrated the SDGs as a priority across all our programs, identifying our direct and indirect contributions at the specific targets of each goal.

We impact the following SDGs with some of our actions:

Fundación BBVA continues to be part of the United Nations Global Compact, contributing to our ongoing effort to support sustainable development.

52%

IRR1 the value of every peso invested in the program is fully recovered within the first 5 years.

100%

of graduates overcome their poverty condition.

82%

of graduates live in households with better services and more assets, reflecting an improvement in their quality of life.

89%

of graduates secured their first job.

55%

of scholarship recipients study at top 50 universities.

7

Graduates have 7 more years of schooling than their parents.

1 IRR. Internal Rate of Return. The value of every peso invested in the program is fully recovered within the first five years.

Promote social mobility through education by supporting talented students with socioeconomic disadvantages so they can fully develop their potential and continue their middle school, high school, and university studies.

SDGs we contribute to

Directly

Specific applicable
goals impacted: 4/7

Specific applicable
goals impacted: 6/10

Specific applicable
goals impacted: 6/12

Specific applicable
goals impacted: 2/8

Specific applicable
goals impacted: 3/10

Specific applicable
goals impacted: 1/5

Specific applicable
goals impacted: 1/19

Support for BBVA Scholarships for Inspiring Young Boys and Girls Recipients *

$60,000

during their middle
school journey

$75,000

during their high
school journey

$216,000

during their university
journey

*The support is provided for 10 months during the school year.

Our financial coaches benefited 19,163 individuals by sharing their knowledge.

This selection process ensures that each scholarship awarded is an investment in Mexico’s future, contributing to social mobility.

Scholarship Recipients by Education Level of the
Inspiring Young Boys and Girls Program

Individuals Indirectly Benefited by Education Level

Education Online

The implementation of online education is a key factor in ensuring the academic continuity of students in remote areas.

900 people benefited indirectly from the Online Education component.

346

online education scholarship recipients

Thanks to the Online Education program, we assist scholarship recipients from 31 states in Mexico.

Mentorship Program

In 2024, we integrated some scholarship recipients from the BBVA Scholarships for Inspiring Young Boys and Girls with Disabilities program into the mentorship program.

Over 7,400 BBVA employees dedicated their time to participate as mentors, contributing a total of 16,040 hours to this initiative.

Mentorship Breakdown

Mentors

Hours

Central Area

4,967

12,784

Commercial Network

2,499

3,256

Total

7,466

16,040

Equality, Diversity, and Inclusion

Cultural and Linguistic Diversit
We reaffirm our commitment to inclusion by recognizing and supporting scholarship recipients who speak indigenous languages within the BBVA Scholarships for Inspiring Young Boys and Girls program. We conduct a thorough data collection to identify these students, aiming to enhance their social mobility and reduce the structural inequalities they face.

The program not only acknowledges cultural and linguistic diversity as a strength, but also actively works to promote equitable opportunities for this group, contributing to the preservation and appreciation of their roots while helping them build their future.

3,254 Inspiring Young Boys and Girls are identified as Indigenous.

Indigenous Beneficiaries of Inspiring Young
Boys and Girls by School Level

Native language

Total of young speakers: 781
Indigenous languages: 38

BBVA Scholarships for Inspiring Young Boys and Girls, Monitoring and Evaluation

IReNe BBVA Scholarships for Inspiring Young Boys and Girls program

98 points

IReNe Mentorship Program

95 points

IReNe Contact Center

87.2 points

69.5%

of our graduates are women

53.5%

of the scholarship recipients are graduates of STEM programs

55%

of the scholarship recipients study at the top 50 universities in the country

96.3%

of our female university graduates have surpassed their mothers’ level of basic education

89%

of the scholarship recipients have secured their first job

Internal Rate of Return of the Inspiring Young Boys and Girls Program

The IRR increased to reach 54%

IRR –2024 General Comparisons 2024

Inspiring Young Boys and Girls: 2024

*% recovered annually (during each year of employment) for every $1 invested in Inspiring Young Boys and Girls.
Source: Estimates made by the Center for Educational and Social Studies, based on the employability surveys of the Inspiring Young Boys and Girls program.

Employability

With contract and benefits

89%

of our graduates have secured their first professional job in fields related to their studies.

At BBVA,


201


of our graduates are now part of the team.

The employability rate increased from 87% to 89%, benefiting scholars from the 2020-2025 generation.

This year, 564 students received financial aid to cover the costs of their graduation.

Employability rate by generation

+4.15

points in the Quality of Life Index for scholarship recipients

98%

school retention rate

over 3,600

scholarship recipients with disabilities

Promote educational continuity, entry into the labor market, and social mobility for students with disabilities in situations of socio-economic vulnerability through scholarships and multidisciplinary support for beneficiaries and their families.

SDGs we contribute to

Directly

Specific applicable
goals impacted: 1/7

Specific applicable
goals impacted: 4/7

Specific applicable
goals impacted: 2/10

Scholarship recipients

This year, we achieved an 83% increase in the number of beneficiaries compared to 2023.

The Scholarships for Young Boys and Girls with Disabilities Program provides financial aid along with comprehensive multidisciplinary assistance, including psychological counseling, vocational guidance, and academic support.

Monthly Support for BBVA Scholarships for Inspiring Young Boys and Girls with Disabilities Recipients

$2,500

per month during the three
years of middle school

$3,500

per month during the
three years of high school

$4,800

per month during the
four years of university

$4,800

per month during the
vocational training stage

Scholarship Recipients by Educational Level

Beneficiaries by Type of Disability

This year, we began integrating the Mentorship Initiative into this program, selecting those employees with outstanding performance and the ability to serve as role models.

presence in all

32 federal entities

of the country

over103

new platform users

Improve the cognitive and socio-emotional skills of individuals with education levels equivalent to secondary and high school through a digital tool, to contribute to school continuity, academic reinforcement, and social mobility.

SDGs we contribute to

Directly

Specific applicable
goals impacted: 4/10

Specific applicable
goals impacted: 2/4

How does the Supérate platform work?

Supérate is an accessible and free platform that can be accessed from a computer with an internet connection.
The estimated cost of the platform is $7.9 million pesos, which is fully absorbed by the Foundation.

As a digital ecosystem, users can interact with peers, access a library of digital resources, and follow their personalized learning path —all within one single platform.

Supérate con Fundación BBVA, Monitoring and Evaluation

Students who completed the Supérate Path scored 4.1 points higher than those who did not participate.

50 million pesos

in seed capital

66.6 million pesos

contributed by partners

236

schools benefited

4,600

scholarships awarded

1,587

laptops donated to teachers

35

computer classrooms delivered

+55,700

total beneficiaries

In 2023, BBVA México planted a seed of hope in Guerrero after the devastating Hurricane Otis, contributing $50 million to encourage society to support the educational reconstruction of seven affected municipalities in the region.

Thanks to the solidarity of partners, foundations, organizations, and citizens in general, we raised over 116 million pesos, which generated returns of 11.5 million pesos.

Through this strategy, Supérate reached 10,845 students and 1,331 teachers.

Allies

Estimated beneficiaries by lines of action

Type of aid

Direct
beneficiaries

Indirect
beneficiaries

Scholarship recipients in schools with media classrooms

2,922

7,889*

Scholarship recipients in schools without media classrooms

1,678

4,531*

Teachers who received laptops in
schools with media classrooms

857

12,504**

Teachers who received laptops
in schools without media classrooms

730

13,140**

Students in schools with
media classrooms

13,315

Total

19,502

38,064

Through Supérate we have managed to minimize learning loss in the municipalities affected by Hurricane Otis.

*Refers to the members of the household of the direct scholarship beneficiary.
**Refers to the students per teacher who benefited from receiving a laptop.

The results of Supérate show that the greatest improvements post-training are observed in the students who were most behind in the diagnostic assessment.

Fuente: Evaluación de resultados realizada por el Centro de Estudios Educativos y Sociales (2024).

Inauguration of two Schools for Inspiring Young Boys and Girls in Veracruz and Zumpango

We currently have 257 students:

Acolman


120

students

Veracruz


60

students

Zumpango 77 students

over 35,000

founders of the two new schools thanks to Inspiratón

Provide excellent education to students through a strong team of professionals who contribute to establishing the educational foundations that allow students to acquire cognitive and social skills, ultimately leading to their continued academic journey through to university.

SDGs we contribute to

Directly

Specific applicable
goals impacted: 1/7

Specific applicable
goals impacted: 2/4

Specific applicable
goals impacted: 7/10

Specific applicable
goals impacted: 1/8

Specific applicable
goals impacted: 2/4

Specific applicable
goals impacted: 4/9

Schools for Inspiring Young Boys and Girls, Monitoring and evaluation

IReNe of our first School for Inspiring Young Boys and Girls, in Acolman: 100 points

Characteristics of the students’ households

School for
Inspiring Young
Boys and Girls

Generation

Average per
capita income

Households with
a member having
higher education

Households
with access
to a car

Acolman

Second

$2,469

30%

48%

Acolman

First

$3,280

51%

58%

Veracruz

First

$3,361

43%

34%

Zumpango

First

$2,513

20%

16%

100%

school continuity

over 98%

attendance in 13 School for Parent sessions

81

students benefited from eyeglasses

94

students receiving special attention for learning barriers

+318 thousand

people benefited

19

supported CSOs

+$42,000,000

delivered as second-tier donations

To contribute to the reduction of educational opportunity inequality for people from socially disadvantaged groups who face structural discrimination through collaboration with civil society organizations.

SDGs we contribute to

Directly

Specific applicable
goals impacted: 2/10

Specific applicable
goals impacted: 1/4

Specific applicable
goals impacted: 1/9

Every donation made by the Foundation complies with:
• The Standard for managing donations and contributions to non-profit entities at BBVA México
• The Procedure for managing donations at BBVA México

Mexicanos Primero

Direct beneficiaries: 300,000

Quiera, Fundación de la ABM

Direct beneficiaries: 1,774

Bécalos

Direct beneficiaries: 9,307

Fundación UNAM

Direct beneficiaries: 223

Cruz Roja Mexicana

Direct beneficiaries: 273

Superación, Excelencia, Resultados

Direct beneficiaries: 4,600

Colegio de México

Direct beneficiaries: 50

Fundación Becar

Direct beneficiaries: 114

Centro Comunitario Santa Fe

Direct beneficiaries: 68

Comité Pro Becas Sonora

Direct beneficiaries: 60

Instituto Mimiahuapan

Direct beneficiaries: 182

Construyendo y Creciendo

Direct beneficiaries: 300

JUCONI

Direct beneficiaries: 326

Dibujando un Mañana

Direct beneficiaries: 265

Inclúyeme

Direct beneficiaries: 60

APAC

Direct beneficiaries: 500

Vamos a Dar

Direct beneficiaries: 80

Fundación Andrea

Direct beneficiaries: 49

The 2024 Annual Report of Fundación BBVA México provides a comprehensive overview of our strategy, key achievements, and vision for the future, reaffirming our commitment to transparency and social impact through education.

Fundación BBVA México has prepared this report in accordance with the GRI Standards “core option” in its latest 2021 version, aligning with the scope of our financial report. Additionally, it includes key indicators and actions related to our contribution to the achievement of the Sustainable Development Goals (SDGs) and the 2030 Agenda, reflecting our commitment to sustainable development.

It is important to highlight that some of the individual indicators of Fundación BBVA, as noted in the ESG table and attached to the Verification Memorandum, have been reviewed and verified by Ernst & Young (EY), a firm that issued the Independent Limited Assurance Report. The scope of this review is detailed in Annex 1 of the Verification Letter. Further information on the scope of this review is available in the Independent Review section. This practice is aligned with BBVA’s global strategy, reinforcing our standards of transparency and accountability at an international level.