Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 145

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 145
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224 |
| 10.1.1. Business strategy and processes                                                |     | 224 |
| 10.1.2. Governance                                                                     |     | 229 |
| 10.1.3. Risk management                                                                |     | 233 |
| 10.2. Social risk                                                                      |     | 251 |
| 10.2.1. Business strategy and processes                                                |     | 251 |
| 10.2.2. Governance                                                                     |     | 258 |
| 10.2.3. Risk management                                                                |     | 258 |
| 10.3. Governance risk                                                                  |     | 261 |
| 10.4. Credit quality of exposures                                                      |     | 264 |
| 10.5. Energy efficiency of the collateral                                              |     | 272 |
| 10.6. Alignment metrics                                                                |     | 261 |
| 10.7. Exposure to the top 20 polluting companies                                       |     | 275 |
| 10.8. Exposures subject to physical risk                                               |     | 275 |
| 10.9. Green Asset Ratio (GAR)                                                          |     | 281 |
| 10.9.1. Summary of key performance indicators (KPIs) on the Taxonomy-aligned exposures |     | 282 |
| 10.9.2. Mitigating actions: assets for the calculation of GAR                          |     | 282 |
| 10.9.3. GAR (%)                                                                        |     | 290 |
| 10.10. Other climate change mitigating actions                                         |     | 295 |
| 10. ESG RISK                                                                           |     |     |

2024 Pillar 3 Disclosures Report 223

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

| 10. ESG RISK |

#### 10.1. Environmental risks

### 10.1.1. Business strategy and processes
This section covers the requirements on qualitative information on environmental risk, specifically, the point on business strategy and processes, for questions (a ) , (b) and (c)

This is a summary of the overall climate strategy integrated into the strategies of our five global businesses. For further detail, please refer to our annual report, available in our corporate website.

Our approach

Santander considers climate a material topic, having