Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 189

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 189
---
 goods, upstream and downstream transportation)

F. For the calculation of these emission factors DEFRA 2023 for fiscal year 2023 and DEFRA 2022 for fiscal year 2022 have been applied. For Brazil’s specific fuels, emissions factors from the Brazilian GHG Protocol Program have been applied.

G. Base year is 2020. Emissions disclosed that year were reviewed to consider the same circumstances as the disclosed in this report 2024: equal perimeter (all countries and businesses that have employees, formerly G10) and considering fugitive emissions equivalent to current emissions (recently included in emissions footprint).

H. Data with no information for 2023 are first reported in 2024.

I. Our reduction objectives have been externally assured only in the verification process of the present report.

J. To comply with the regulatory requirements we have extended the financed emissions calculations, in most cases based on factors and other proxies. More details see table below 3.2. The total absolute financed emissions (scope 3, categories 15 and 13) of this broad scope, including scope 1, 2 and 3 are 283.8 mtCO 2 e. And the total GHG emissions (market-based) are 285.0 mtCO 2 e. With this figure, the ratio of "GHG total emissions / Total income" is: 4.6 mtCO 2 e/bn€ (Total income figure as disclosed in the Consolidated Income Statements).

Annual report 2024 136

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

| 3.1. Financed emissions of non-financial corporations, as disclosed in Pillar 3      |     |                             |                                                                           |     |      |                                                               |     |       |     |      |                                                                                                          |
| Sector                                                                               |     | Gross carrying amount (€bn) | GHG financed emissions (scope 1 and scope 2 of the counterparty) (mtCO2e) |     |      | GHG financed emissions (scope 3 of the counterparty) (mtCO2e) |     |       |     |      | GHG emissions: gross carrying amount percentage of the portfolio derived from company-specific reporting |
| Exposures towards sectors that highly contribute to climate changeA                  |     |                       259.3 |                                                                           |     | 58.6