Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 70

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 70
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     | Value chain in scope |     |   |     |                          |     |   |     |                          |     |   |
|                                                                        |     | Commercial Real Estate |     | 0.19  mtCO2eD             |     | 1 + 2              |     | Upstream / Suppliers |     | } |     | Midstream / Construction |     | } |     | Downstream / Owners      |     | } |
|                                                                        |     | Mortgages              |     | 1.93  mtCO2eE             |     | 1 + 2              |     | Upstream / Suppliers |     | } |     | Midstream / Construction |     | } |     | Downstream / Homeowners  |     | } |
|                                                                        |     | Agriculture            |     | 9.83  mtCO2eF             |     | 1 + 2              |     | Upstream / Suppliers |     | } |     | Midstream / On Farm      |     | } |     | Downstream / End product |     | } |
| Details on our progress on alignment available in the following pages. |     |                        |     |                           |     |                    |     |                      |     |   |     |                          |     |   |     |                          |     |   |

| Part of the sector value chain in-scope, due emissions materiality and/or actionability |     | Part of the sector value 
 chain out of scope       |

A. Use of sold products.

B. Target reduction is -25% vs. 2021 reference.

C. Consumer lending for acquisition of passenger cars, covering a significant majority of the exposure in Europe.

D. Financed emissions of the UK and Spain CRE portfolios.

E. Financed emissions of the UK and Spain mortgage portfolios.

F. Financed emissions of part of the Brazil agriculture portfolio.

| For more details on our alignment targets, see noteSN 4.'Our transition plan'. |

Annual report 2024 60

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

#### CIB implementation strategy
As part of supporting our customers in their climate objectives and to achieve our sectoral alignment targets we undertake several actions. These actions include an assessment of the transition plans of our customers, customer engagement, and dedicated portfolio steering governance. We also leverage on data collection as