Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 91

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 91
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 same year), which aims to boost the number of entities that form part of the CA100+. 2.4.5 Our environmental footprint In this section we cover how Santander manages the following IRO:

| I+ |     | Contribution to reducing the Group’s scope 1 and 2 greenhouse gas emissions. |

As part of our climate ambition, our strategy to lessen the environmental impact of our operations involves: reducing our CO 2 e emissions and compensating those we're unable to reduce by mitigating beyond our value chain; reducing and handling waste responsibly; and raising employees’ and other stakeholders’ awareness of environmental issues. We disclose our findings from the exercise we conduct on the scope 1, 2 and 3 emissions of our own operations at buildings and offices. We also disclose scope 3 - category 3.15 'Investments’ (financed emissions) in the ‘SN 4. Our transition plan’ sustainability note. We’ve been measuring our environmental footprint since 2001. Since 2011, our energy efficiency and sustainability initiatives have helped us cut our scope 1 and 2 emissions by c.86%. Though such reductions achieved, we continue to find opportunities and new technologies to become more energy efficient. In this sense, in 2024 we revised our efficiency target with the ambition of achieving a reduction in emissions from our own operations of 75% compared to 2020. The additional reductions proposed by this review are 6% in scope 1 and 49% in scope 2 compared to 2024.

Annual report 2024 70

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

2024 environmental footprint

| 96%                                                             
 renewable electricity in 10 core countries where we are present |     | 1,012,554 MWh                 
 energy consumption            |
| Scope 1                                                         
 35,503  t CO2e                                                  
 direct emissions                                                |     | Scope 2                       
 24,350t CO2e                  
 indirect emissions from       
 electricity and other (market 
 based)                        |

| For more details on our environmental footprint see noteSN 7.1'Green transition'. |

The key drivers behind our reduction of consumption and emissions (which we generally group into three-year plans) were: • Efficient spaces: Better use of space in terms of daily building occupancy and a more efficient and better located properties to carry