I don't know the details of that particular model, but the one I have (2018) has what would be described as a "CVT" in mechanical architecture terms, but instead of progressively sweeping across the full range of the variable ratio as in a true CVT it uses 7 fixed discrete positions and therefore has effectively 7 ratios.
The sensation it gives is effectively that of a conventional 7 speed gearbox, it will hold a ratio within a programmed envelope of speed/throttle (load) and will then change up/down to the next appropriate ratio as required when speed/load changes.
You can also of course operate it "manually" using the paddles, when it will show which ratio it is in and you can demand a change to the next ratio, which it will do as long as it is permitted (avoiding overspeed etc).
The exact reasoning for Honda adopting this approach is not known to me, but I can guess at the philosophy. A lot of drivers find a true CVT to be irritating in some ways, engine speed going up to a given value and essentially staying constant as the car accelerates can feel "unnatural". There may well be mechanical aspects too, being able to run the CVT drive system in fixed positions might ease wear/durability etc., but I'm guessing.