Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 181

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 181
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). None of the directors are currently assigned a specific employee representation role.

The board of directors as the highest decision-making body in the Group performs the following functions:

• approves the Responsible Banking agenda and set the strategy;

• approves the culture policy and related policies on responsible business and sustainability matters and, in particular, on environmental and social matters;

• supervise that the responsible banking strategy is consistent with Group strategy;

• reviews the performance against the goals and that the metrics are covered within the responsible banking agenda;

• tracks key initiatives; and

• reviews subsidiaries’ strategies.

For more details, see the Rules and Regulations of the board of Directors, available on the Group's corporate website.

Responsible banking, sustainability and cultural committee

The responsible banking, sustainability and cultural committee (RBSCC) assists the board in fulfilling its supervisory responsibilities regarding the responsible business strategy and sustainability issues of Banco Santander and its Group. In particular, it has the following functions:

(i) advise the council on the design of the strategy and policies on responsible business and sustainability, in particular environmental and social matters, by monitoring, supervising and evaluating them;

(ii) advise the council in formulating the Group’s strategy with interest groups; as well as supervise the involvement with them;

(iii) ensure that adequate control processes are in place with respect to responsible banking practices, and that risks and opportunities related to sustainability and accountability are identified and managed;

(iv) to report regularly to the council on the progress made by the Group on responsible business practices and sustainability.

The responsible banking, sustainability and culture committee consists of five independent directors, 80% of whom are women. All of them have been appointed by the board of directors taking into account their knowledge, qualifications and experience in the areas for which the committee is responsible. Thus, its members have competence in issues relevant to this function as strategy and human resources, culture, talent and remuneration, responsible business and sustainability, risk management and also in issues related to education and universities.

In 2024, the committee held four meetings. The key matters it addressed were discussed:

Environmental issues:

• Reviewed the Group’s climate change strategy and alignment targets. Endorsed the Group priorities for 2024 in relation to sustainability, including supporting our customers in their green transition.

• Reviewed ESG factors introduced in the credit approval process, associated action plans and related achievements. Worked with the risk supervision,

18 The diversity ratio is calculated by dividing the number of women by men. The percentage of each gender vs total membership is 40