Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 38

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 38
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3          |     |                    |       | 4,044 |               49 |     | 2.50%        |
| 8    |     | Bank 4          |     |                    |       | 3,978 |               41 |     | 2.46%        |
| 9    |     | Bank 5          |     |                    |       | 3,538 |               44 |     | 2.19%        |
| 10   |     | Bank 6          |     |                    |       | 3,411 |               46 |     | 2.11%        |

Peers are BBVA, BNP Paribas, Citi, Crédit Agricole, HSBC, ING, Itaú, Scotia Bank and UniCredit. Data extracted by January 15 th , 2025, latest. The greenfield renewable energy projects that we financed or advised on in 2024 have a total installed capacity of 10.2 GW. We also helped expand, enhance and sustain renewable energy brownfield projects that have a total installed capacity of 28.2 GW. The greenfield renewable energy projects Santander participated as financier or advisor in 2024 can power 6.5 million households per year. 2.2.2 Retail and Commercial Banking In 2024, Retail and Commercial Banking continued to enhance its proposition with solutions that help customers transition to a low-carbon economy, most notably in such sectors as real estate, mobility and agriculture, as well as in the circular economy (water and waste management). These solutions include sustainability-linked loans (SLL) that complement the products that help customers align production to the transition. Managing greenwashing risk is one of the Group’s priorities, particularly through compliance with operational guidelines for green finance teams and meeting supervisors’ expectations on climate matters. ESG certification forums review products and transactions to validate that they are consistent with the SFICS before labelling them as green. The SFICS is an automated tool that we implemented in our core markets to provide traceability of decisions and supporting documents. In addition, we created Green Product Inventories in our core markets where we have implemented standards and established robust control and approval procedures. These were the core activities we performed in 2024: • Santander España launched the “Eficiencia Energética” loan for owners associations looking to fund building renovations or boost energy efficiency. This will enable our customers to save on energy bills while helping