Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 93

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 93
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 progress and will focus on the following initiatives and levers: i. Renewable energy and self-production measures: • Solar panels in Santander’s own buildings, data centres and commercial premises. • Geothermal energy. • Bundled and unbundled agreements to purchase renewable energy (suppliers, PPAs-Power Purchase Agreements, RECs-Renewable Energy Certificates). ii. Energy efficiency and consumption reduction measures • Lighting efficiency projects. • Temperature control efficiency projects. • Automated measurement and control of office spaces and the branch network. • Projects to enhance façade materials. • Projects to renovate and upgrade commercial premises. • Project to modernize facilities. • Communications and internal training to raise awareness among employees of responsible water, electricity and paper consumption and the correct ways to recycle. • Continuous improvement programmes that follow ISO 140001 in buildings and ISO 50001 in offices and branches in our markets to reinforce the importance of robust property and maintenance management. • Projects to build new, more efficient headquarters and rearrange our assets. iii. Direct emissions reduction measures: • Replacing fossil fuels with other forms of energy. • Preventing the leakage of direct emissions from the temperature control systems at all Santander premises. • Updating and modernizing air conditioning systems with more eco-friendly and efficient cooling mechanisms. • Monitoring possible leakages in air conditioning systems and implementing predictive and preventative maintenance. • Updating Santander’s fleet with hybrid and electric vehicles.

20 Leadership in Energy and Environmental Design

21 Building Research Establishment Environmental Assessment Method

Annual report 2024 71

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

• Replacing conventional oil or gas boilers with electric heat pump systems and technologies where the weather allows. With these measures, we want to continue reducing our direct scope 1 and indirect scope 2 emissions, with specific targets that will enable us to reduce:

| Alignment lever                                          |     | Scope 1 (tCO2e) |     | Scope 2 location-based (tCO2e) |     | Scope 2 market-based (tCO2e) |
| i.  Renewable energy and self-production measures        |     |                 |     |                          2,000 |     |                        9,000 |
| ii. Energy efficiency and consumption reduction measures |     |           1,600 |     |                         20,000 |     |                        3,000 |
| iii