Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 306

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 306
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2024   |
| Secretary |     | Jaime Pérez Renovales |     |             |     |              |

A. Committee Chair since 23 July 2024. The board of directors appointed the committee's members based on their expertise, skills and experience in the matters within the committee's scope. For more details, see section 4.1 'Our directors' and 'Board and committees skills and diversity matrix' in section 4.2.

| TIME ALLOCATION |

In 2024, the committee held five meetings. See 'Board and committee preparation and attendance' in section 4.3 for members’ attendance and the estimated average time each one spent on meeting preparation and attendance. The chart below shows the committee’s approximate time allocation in 2024:

Annual report 2024 297

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

Duties and activities in 2024

This section summarizes the responsible banking, sustainability and culture committee’s activities in 2024.

| Duties                                     |     | Actions taken                                                                                                                                                                                                                                                                                                                                                                                                 |
| Environmental (E)                          |     |                                                                                                                                                                                                                                                                                                                                                                                                               |
| Climate transition plan                    |     | •Reviewed the Group's climate change strategy and challenged it to ensure that it remained a key enabler to achieve our ambition towards net zero emissions by 2050.                                                                                                                                                                                                                                          
 •Reviewed the alignment in thermal coal, power generation, energy (oil and gas), aviation, steel and auto manufacturing sectors with the Paris Agreement goals.                                                                                                                                                                                                                                               
 •Reviewed the subsidiary plans to ensure their alignment with supervisory expectations and the Paris Agreement goals, covering activity regarding mortgages, commercial real estate and agriculture.                                                                                                                                                                                                          
 •Endorsed the Group priorities for 2024 in relation to sustainability, including supporting our customers in their green transition and promoting a sustainable culture.                                                                                                                                                                                                                                      |
| ESG in risk management                     |     | •Reviewed ESG factors introduced in the credit approval process, associated action plans and related achievements.                                                                                                                                                                                                                                                                                            
 •Worked with the risk supervision, regulation and compliance committee to review the progress made in embedding climate-related and environmental risks, as well as to monitor the implementation of controls and processes to mitigate ESG risks, including greenwashing.                                                                                                                                    |
| Sustainable finance                        |     | •Reviewed the green finance strategy and its execution, including the Group´s exposure in green finance more generally.