Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 109

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 109
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2% of the total remuneration of executive directors, while sustainability targets represent 8% of their total variable remuneration.

39 See Note 46 of the annual accounts.

40 Material risk-takers.

41 Measured with the EPG - equal pay gap ratio, which compares the average compensation between men and women who perform similar tasks. Results for 2024, across the entire Group.

42 Average employee rating of the statement “I receive fair pay according to market rates (e.g. salary, promotions and benefits) for my contribution to Santander”, putting us in the top 25% of the finance sector.

43 Average employee rating of the statement “the processes for determining compensation (e.g. salary, bonus and benefits) are fair and impartial”, in line with sector benchmarks.

44 The employees who did not take part in MyContribution in 2024 were new hires and employees in some customer service, debt recovery and contact centre roles, who are subject to similar performance management schemes but with shorter and more continuous cycles due to the nature of their work. 90,998 women (84% of the total number of women at year end) and 86,071 men (87% of the total number of men employed). Due to statistical significance, we don't report other gender's percentages.

Annual report 2024 79

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

3.1.3 Inclusive culture This section outlines how we manage these IROs:

| I+ |     | Promote a workforce that reflects the society we live in and encourages collaboration; guarantee the same opportunities for all our employees, irrespective of gender, disability or other characteristics. |

Inclusive culture is a component of our corporate culture policy, through which we focus on building a merit-based culture of equal opportunity and inclusion in compliance with laws. In the global markets we serve, our focus on an inclusive culture is a critical driver of our business success. Our talented and engaged team generates customer loyalty, leading to strong financial results for our shareholders. By fostering equal opportunities for all and an inclusive environment that values different backgrounds, experiences, and viewpoints we enhance our problem-solving capabilities, improve decision-making, and boost creativity to achieve this. Our approach to hiring, training, promoting, and retaining our workforce is based on meritocracy. Our success is intrinsically linked to the effectiveness of our team, making it a