Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 182

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 182
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 women and 60% men.

2024 Pillar 3 Disclosures Report 253

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

regulation and compliance committee to review the progress made in embedding climate-related and environmental risks, as well as to monitor the implementation of controls and processes to mitigate ESG risks.

• Reviewed the green finance strategy and its execution.

• Monitored our own environmental footprint, value chain emissions and carbon neutral claim.

Social issues:

• Reviewed our social agenda, which includes financial inclusion; financial health; business with social output; and corporate social responsibility or philanthropic activities. And reviewed the outcomes of the holistic human rights due diligence exercise.

• Reviewed the progress made within our community support strategy, which includes Santander Universidades strategy and its alignment with the Group's transformation agenda.

• Discussed People and Culture's activities and progress and proposals regarding diversity, equity and inclusion in coordination with the nomination and remuneration committees, with a key focus on the representation of women in senior positions within the Group.

Governance issues:

• Identified priority sustainability areas for action based on the outcomes of a materiality assessment that the Sustainability team conducts every year. Verified that the proposed sustainability agenda and targets remained aligned with the Group´s strategy. Monitored and assessed the Group's progress on its targets to control that its KPIs remained relevant and aligned with committee expectations. And reviewed ESG global ratings' assessments of Banco Santander.

• Assisted the board in ensuring that sustainability targets and metrics were embedded in the Group's remuneration schemes. As part of that, reviewed, in coordination with the remuneration committee, a proposal to further increase the alignment of the long-term incentive for 2024-2026 with our sustainability agenda.

• Reviewed the progress made regarding the management of the supply chain in regards to ESG.

• Supported the audit committee on the supervision and assessment of the process to prepare and present non-financial information.

• Reviewed the main European and international financial regulatory and supervisory initiatives and priorities related to sustainability. Received information on local regulatory developments to remain abreast of local challenges and opportunities.

In addition, it received specific training in sustainability, with special attention to the new Sustainability Information Disclosure Directive (CSRD).

For more details, see the Rules and Regulations of the board of Directors, available on the Group's corporate website; and sections 4.2 'Board composition' and 4.9 '