Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 206

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 206
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 companies subject to CSRD.

As informed in the annual report, based on a voluntary disclosure, we complement the GAR with an additional ratio to overcome some of these limitations:

#### Voluntary GAR (European & symmetric): 7.9%
• The numerator of this ratio remains the same as in the previous ratio, purely exposures to the EU Taxonomy aligned in Europe.

• In the denominator, we only keep portfolios where we can tag exposures as environmentally sustainable: CSRD European financial and non-financial corporations, households, and local governments. We excluded (non-exhaustive list): CSRD companies (since they do not have reporting obligations), cash & interbank loans, derivatives, goodwill, etc

In the following pages there is the complete disclosure, including the templates set out in the Taxonomy Regulation.

Starting on 2024, financial institutions may voluntarily disclose the Banking Book Taxonomy Alignment ratio, that includes the operations aligned with the EU Taxonomy of non-financial corporations not subject to CSRD. However the Group has decided not to publish it at the moment. The data quality of the existing data of non-CSRD clients to this date is not enough to comply with the regulatory publication standards, and the use of internal estimation methodologies will not assure adequate comparability among peers. In this sense, we will closely monitor any developments in terms of regulation, data and estimating methodologies to re-assess future disclosures of this ratio.

21 CSRD applies to large, listed companies, banks, or insurance companies that meet certain criteria, such as having a balance sheet total in excess of EUR 20 million, a turnover in excess of EUR 40 million, or an average number of employees in excess of 500 during the fiscal year.

22 Not including exposure to sovereigns, central banks, and the trading portfolio.

23 For the flow of volumes, the Green Asset Ratio is 2.6% (turnover-based).

24 Following the technical screening criteria of the EU Taxonomy Regulation. As for compliance with DNSH criteria, we followed EU Taxonomy requirements based on prudence and efficient assessment. We ran MSS criteria validation according to the recommendations of the Platform on Sustainable Finance and respective regulation.

2024 Pillar 3 Disclosures Report 281

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

10.9.1. Summary of key performance indicators (KPIs) on the Taxonomy-aligned exposures

This template provides an overview of the