Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 128

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 128
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 businesses through Santander X 100, a dynamic, global community that offers them unique benefits.

| For more details, visit the websitesantanderx.com |

Annual report 2024 89

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

iii. Other community support programmes. Social action We aim to complement our support for higher education, employability, and entrepreneurship, mainly through financial education and supporting vulnerable people.

| 62.5                                                |     |                     2.9 |
| EUR million in other community support programmes64 |     | million people helped65 |

| Financial education                                                     |     | Vulnerable people                                                          |     | Arts                                   
 and culture                            |
| Enhanced knowledge and understanding of financial products and services |     | Reduced risk of exclusion and better quality of life for vulnerable people |     | Promote cultural events and programmes |

On top of direct community action, we cooperate with, and channel our support through, local NGOs and social charities. Some partnerships are with the bank’s foundations in Argentina, Spain, the US, Mexico, Portugal, Poland and the UK. We target our support on different groups depending on their needs. Our support for vulnerable people focuses on sensitive groups (due to gender, disability, age, lack of digital skills, financial difficulty and other reasons). We usually target cultural activities at the general public, although we also include vulnerable groups to facilitate their access to events and programmes. Volunteering At Santander we encourage our employees to volunteer in initiatives that help the communities where we have a presence. These initiatives, which the Group promotes and supports, seek to get employees to dedicate their time and use their skills and talent to support charitable causes, non-profit projects and organizations that benefit society. Corporate volunteering is a valuable way for employees to engage with the community and contribute to a social cause. In particular, it aims to: → contribute to the Group’s community support objectives through the direct involvement of Group employees in volunteering programmes;

→ foster a culture of inclusion by breaking down prejudices and stereotypes; → enhance our employees’ skills and work environment through collaboration; and → contribute to the well-being of our employees through experiences that provide satisfaction, purpose and pride of belonging.

| 75 k                      |
| working hours volunteered |

We have a global corporate volunteering guide that sets out a common framework for this activity. Moreover, each subsidiary runs initiatives based on the specific needs of its market. For instance: