Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 222

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 222
---
 Human rights due diligence,3.2.3.i. Our ESCC policy,4.2.3 Financial crime compliance, and4.3.1. Canal Abierto |

Human rights form part of our management and governance, based on process type. We follow responsible business and customer data protection practices and are making headway with embedding human rights in our supply chain management. We also assess the impact of transactions on human rights and adopt responsible practices with our employees.

| Labour |

Principle 3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.

| For more details see section3.1.2.i. Employee health and well-being |

We recognize freedom of association and the right to collective bargaining for all employees. We look after our employees’ health and promote decent employment, a living wage and the preservation of freedom of association and collective bargaining.

Principle 4 Businesses should uphold the elimination of all forms of forced and compulsory labour.

| For more details, see sections3.2.3.i. Our ESCC policy, and3.2.3.ii. Equator Principles |

We follow the highest standards when running initiatives to combat forced labour, including analysis of environmental, social and climate change (ESCC) matters and applying the guidelines of the Equator Principles as well as analysing our suppliers.

Principle 5 Businesses should uphold the effective abolition of child labour.

| For more details, see sections3.2.3.i. Our ESCC policy, and4.2.3. Financial crime compliance |

We combat child labour by including environmental, social and climate change (ESCC) matters in our analysis, and applying the guidelines of the Equator Principles, as well as analysing our suppliers.

Principle 6 Businesses should uphold the elimination of discrimination in respect of employment and occupation.

| For more details, see sections3.1.3 Inclusive culture,3.2.3.i. Our ESCC policy, and4.2.1 Conduct standards. |

We promote equal opportunity, diversity and non-discrimination, and an inclusive workplace. We are signatory to the UN Women’s empowerment Principles and Valuable 500 which help us to inform our activity in this area.

Annual report 2024 224

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

| Environment |

Principle 7 Businesses should support a precautionary approach