Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 204

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 204
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| 13                                                                                               |     | Other relevant sectors (breakdown below where relevant)                  |     |                                |     |        |                                                                            |     |       |                      |     |     |                       |     |     |            |     |     |                           |     |    |                                                                           |     |       |                                                                         |     |     |                                                                                          |     |     |                            |     |     |                                   |     |     |                                                                                                      |     |      |   |     |     |   |     |      |

2024 Pillar 3 Disclosures Report 279

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

In general, and by following the methodology described, there was limited exposure affected by (acute and/or chronic) physical risk in the Grupo Santander's total portfolio. The results obtained have been aggregated by analysis regions that are reported on in other reports by the Group (Europe/North America/South America). The most exposed regions to physical risk are Europe for acute events and South America for chronic events in relation to the total exposure of Santander Group. Regarding the Europe region, the analysis has been improved by using more granular information to identify the European regions that are the most sensitive to physical risk, which has led to a reduction of the exposure subject to acute risk of the main collateralised portfolios in comparison to the previous report, by exchanging certain estimates for more accurate data.

The highest concentration of physical risk is identified in the following sectors: manufacturing, electricity, gas, steam and air conditioning supply and wholesale/retail trade and repair of vehicles. Despite in some cases immovable property are subject to chronic risks, the effect associated with these events is limited, with acute risks being the most significant.

280 2024 Pillar 3 Disclosures Report

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

#### 10.9. Green Asset Ratio (GAR)
In 2020, the European Union adopted the Taxonomy Regulation establishing a list of activities that can qualify as environmentally sustainable and the obligation for companies subject to the Corporate sustainability reporting Directive (CSRD) 21 disclose how their operations align with the EU Taxonomy.

Since 2023 exercise, financial institutions are disclosing the green asset ratio (GAR