Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 150

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 150
---
 include customer activities, business relationships or facilitation of transactions that are or can be proven to be linked to the commission of serious or gross violations of human rights (considering child labour, forced labour, discrimination at work, freedom of association, working conditions, grievance mechanisms for workers, occupational health and safety issues, impacts on communities and land grabbing) or international human rights law.

7 To the extent required by applicable law, customers and transactions involving activities enumerated in this section will be subject to an enhanced due diligence process to determine the unique risks presented prior to decisioning.

226 2024 Pillar 3 Disclosures Report

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

#### •

#### Oil & gas
: new oil exploration and production customers, except for specific financing operations for new renewable energy facilities. Also, project-related financing to oil upstream greenfield projects or any projects, or expansion of existing facilities, north of the Arctic Circle is included.

#### •

#### Power generation
: by 2030, any customer with more than 10% of revenue, on a consolidated basis, directly derived from coal fired power generation. New customers with more than 25% of revenue, on a consolidated basis, directly derived from coal fired power generation, except for transactions for the specific financing for new renewable energy facilities. In these exceptions, the customer must not be developing new coal power plants and/or expanding existing ones, have a robust, credible plan, with verifiable targets, which show the customer will reduce its revenue coming from coal power generation to 10% or below by 2030. Onboarding new clients with less than 25% of their revenue, on a consolidated basis, derived from coal-fired power generation is allowed, if they have a credible plan to reduce its revenue coming from coal power generation to 10% or below by 2030; and if they are not developing new coal power plants and/or expanding existing ones.

#### •

#### Mining & metals
: by 2030 customers that own thermal coal mines worldwide. New customers that own thermal coal mining operations and projects worldwide, except for transactions for the specific financing for renewable energy. In these exceptions, the customer must have a robust, credible plan, with verifiable targets, which show the customer will have no thermal coal by 2030. Project-related financing for new, or the expansion of thermal coal mines.

#### •

#### Soft commodities
: