Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 22

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 22
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 social risks. We include ESG standards in tenders for certain services and support vendors in assessments and certification procedures.

| For more details, see section4.4 Our suppliers |

• ESG ratings agencies: the aim is to convey our developments, assess our progress and spot areas for improvement. In 2024, we maintained our position in MSCI (AA) and at Carbon disclosure project (CDP) level A . We scored 17.1 points in Sustainalytics, remaining in its ‘Low Risk’ category, and reached the C+ category in ISS.

| CCC |
| 100 |
| D-  |
| 0   |

|      |     |      |     |      |     | Evol. |
| AAA  |     |   AA |     |      |     | =     |
| AA   |     |      |     |      |     |       |
| 0    |     | 19.7 |     |      |     | é     |
| 17.1 |     |      |     |      |     |       |
| A    |     |   A- |     |      |     | é     |
| A    |     |      |     |      |     |       |
| A+   |     |   C- |     | 55.6 |     | é     |
| C+   |     | 58.5 |     |      |     |       |

| 2023 |     | 2024 |

• Regulators: as part of the policy debate we engage with regulators (local and European) and international standard setters on the initiatives that are most important to the bank, our employees, our customers and the communities we serve. Santander works with the Basel Committee, the Financial Stability Board, the European Banking Authority, the European Central Bank, EU institutions, Banco de España, the Bank of England, and other key actors to set out the sustainable financing framework that boosts support for the United Nations Sustainable Development Goals and the Paris Climate Agreement targets. As part of this engagement, at the corporate level, the Group responded to 53 consultations during 2024. In addition, Brazil’s presidency of the G20 and the COP30 to be held in Belém in 2025 will provide greater opportunity to work with stakeholders on common solutions to ramp up the transition in emerging and developing economies. • Supervisors: we remain in open dialogue with supervisors so we can understand their priorities and expectations, and meet all