Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 115

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 115
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 where Santander has a presence as an entity, either through its businesses or its community support activities, and includes any specific groups mentioned in this chapter.

3.2.1 Supporting the economic and social development of our communities In this section we cover how Santander manages the following IRO:

| I+ |     | Drive economic growth and job creation in the regions where we operate and provide credit to people and businesses. |

i. We help people and businesses prosper Through finance and investment → EUR 350.5 billion to help people buy homes and EUR 214.2 billion to purchase other goods. 58 → EUR 330 billion to help set up or grow companies (including more than 530 thousand SMEs and self-employed). 59 → EUR 24.1 billion in green finance raised and facilitated and EUR 88.8 billion assets under management in Socially Responsible Investment. → EUR 1.27 billion disbursed in microcredits to more than 1.3 million of microentrepreneurs to support the creation and expansion of their businesses. Through community support → 2.6 million new people financially included. → EUR 166 million invested in communities, including 104 million to promote higher education, employability and entrepreneurship, benefitting 5 million people. 3.2.2 Responsible investment and social finance In this section we cover how Santander manages the following IRO:

| I+ |     | Contribution to sustainable development through financing and investment that promotes sustainable performance in companies, addresses societal challenges, mitigates a specific issue, or pursues positive societal outcomes. |

i. Social finance Santander in its financing activity, support social activities such as building hospitals, universities and homes intended for vulnerable people. The tagging of these deals as social is being done to improve the identification, management and reporting of this type of financing, following the same operating model and system that is used for environmental or sustainable finance. Within this concept we consider the microfinance businesses that the bank has in Latin America (Prospera in Brazil & Colombia, Tuiio in Mexico and Surgir in Peru), through which the bank gave EUR 1.27 billion in microcredit in 2024. These businesses, covered in more detail in the financial inclusion and financial health section of this report, go in many cases beyond financing, providing access to a bank account and other services such as microinsurance for underbanked microentrepreneurs. During 2024, more than 1.3 million microentrepreneurs benefitted from this