Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 37

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 37
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 producer based on fossil-free manufacturing. CIB won the PFI Sustainability Deal of the Year for this transaction, as well as 12 other awards, including Europe's Bank of the year.

In Trade Finance, we participated in a EUR 1.2 billion green guarantee line with coverage from Spanish export credit agency Cesce for Siemens Gamesa. The technical guarantees issued under this line will support Siemens Gamesa in its wind projects worldwide.

In Supply Chain Finance, we signed a sustainability-linked confirming program with Vestas in Brazil, the first supply chain finance program of its kind for the energy sector in the country. Santander was also awarded both Best Provider of Sustainable Finance Solutions in Trade Finance and Best Sustainable Supply Chain Finance Program by Global Finance in 2024.

Annual report 2024 36

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

Financing renewable energy Grupo Santander has been a leader in renewable energy finance for more than 10 years. In 2024, we were among the top banks in number of transactions and deal value globally, with 82 transactions closed and a 4.54% market share according to Infralogic:

| Rank |     | Loan Provider   |     | Vol. (EUR million) |       |       | No. transactions |     | Market Share |
| 1    |     | Bank 1          |     |                    |       | 8,009 |               79 |     | 4.95%        |
| 2    |     | Banco Santander |     |                    | 7,346 |       |               82 |     | 4.54%        |
| 3    |     | Bank 2          |     |                    |       | 7,175 |               94 |     | 4.44%        |
| 4    |     | Peer 1          |     |                    |       | 5,641 |               80 |     | 3.49%        |
| 5    |     | Bank 3          |     |                    |       | 4,930 |               66 |     | 3.05%        |
| 6    |     | Peer 2          |     |                    |       | 4,126 |               59 |     | 2.55%        |
| 7    |     | Peer