Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 158

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 158
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 are triggered and long-term targets are met. The long-term targets, described in the annual report, are: A. Relative performance of Banco Santander's total shareholder return (TSR). B. Return on tangible equity (RoTE). C. Metrics linked to sustainability criteria. In relation to ESG metrics, they determine the final payout of 20% of the portion of variable compensation tied to multi-year goals. Its achievement will depend on the progress made on the Group's Responsible Banking actions lines and associated targets: (i) women in executive positions, (ii) financial inclusion, (iii) socially responsible investment and (iv) supporting transition.

Regarding environmental aspects, these targets cover: • Socially responsible investment in 2027 as a percentage of total assets under management:

| Socially responsible investmentB(%) |     | Coefficient |
| ≥ 21%                               |     |        1.25 |
| ≥ 19% but < 21%                     |     |   1 – 1.25A |
| ≥ 15% but < 19%                     |     |      0 – 1A |
| < 15%                               |     |           0 |

A. Increase of the coefficient is proportional to its position on this line of the scale. B. Assets under management that meet the criteria of Santander’s Sustainable Finance and Investment Classification System (SFICS), over total assets under management. • Supporting transition. This goal includes how we support our customers' transition through sustainable finance, and the progress on transition plan:

| Business raised and facilitatedBbetween 2025 and 2027 (EUR bn) |     | Coefficient |
| ≥ 220                                                          |     |        1.25 |
| ≥ 165 but < 220                                                |     |   1 – 1.25A |
| ≥ 120 but < 165                                                |     |           1 |
| < 120                                                          |     |           0 |

A. Increase of the coefficient is proportional to its position on this line of the scale. B. Grupo Santander's contribution to the transition of our customers: green financing disbursed and facilitated by CIB, sustainable financing of Retail and Commercial banking and Digital Consumer Bank. As regards the overall assessment of these ESG metrics, they will be measured jointly with the social risk targets set out in the section on Remuneration policy for social aspects objectives. Each ESG goal has a different weighting: • Women in executive positions: 20