Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 17

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 17
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posed in May 2026.

• The proposal on ESG ratings to regulate the transparency and integrity of environmental, social and governance (ESG) rating activities, which was adopted in the Regulation on the transparency and integrity of ESG rating activities. This regulation was published in November 2024 and is expected to be implemented in the third quarter of 2026.

• Publication of the Regulation (2023/2631) on European green bonds that sets forth uniform requirements (use of funds, disclosure requirements etc.) for bond issuers to use the name "European Green Bond" or "EuGB" and will apply from 21 December 2024.

• The proposed Regulation establishing the European Single Access Point (ESAP), which will help investors and other stakeholders access information about companies. This Single Access Point will offer centralised digital access to financial and sustainability information that has been published by European companies.

• In response to the European Commission's request in 2022 concerning the greenwashing risk and supervision of sustainable finance policies, in September 2024 the EBA published the final report on greenwashing monitoring and supervision. This report contains bests practices and recommendations to mitigate the risk of greenwashing and to ensure that information on sustainability is comprehensive and clear. Institutions must also take a proactive approach to incorporating ESG risks in their comprehensive risk management framework.

• The ESMA published in May 2024 Guidelines on funds' names using ESG or sustainability-related terms. The aim is to specify the circumstances under which funds' names that use terms related to ESG or sustainability comply with the requirements established therein.

#### 1.3.3. Digital
The aim of laying the foundations for the creation of a competitive digital future in the European Union has continued to drive the creation of a regulatory framework to that end. Regarding the extending of the use of technologies promoting innovation and competitiveness, new developments can be highlighted (initiatives which should have been initiated in 2024 or were published during this year) and grouped according to subjects:

18 2024 Pillar 3 Disclosures Report

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

#### Cryptoassets
For Markets in cryptoassets the (MiCA) establishes a common framework in Europe for the issue, custody and exchange of these assets. This regulation, although it has been in force since June 2023, is effectively implemented from December 2024, except for the rules on