Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 34

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 34
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 EUR 28.1 bn and auto is EUR 8.8 bn. For more details, see SN 5. European Taxonomy.

Also, from investment through our assets management business SAM, the top three climate-related opportunities are: • new climate solutions involving products and services that boost diversification, competitive advantage and revenue; • lower-emission energy sources that benefit from less exposure to Greenhouse Gases (GHG) emissions, lower costs, policy incentives; and • efficient production and distribution of resources to lower operational costs and raise both production capacity and the value of fixed assets. Transition finance and just transition The regulatory framework must support growth, which is key to a stable and orderly transition. We want to help achieve sustainable development and pledge to play an active role in supporting the green transition. It is vital that the transition is just and inclusive, taking into account regional and sector specificities to avoid isolating communities and stranding assets. We aim to embed and promote the just transition through our engagement approach, our risk management policies and processes, and our sustainable and investment products. We consider this approach when devising our policies and reviewing our SFICS (Sustainable Finance and Investment Classification System), which covers activities aimed at addressing or mitigating social and environmental issues; bringing focus on specific matters such as protecting the Amazon biome (given our operations in Brazil) and helping local communities; and supporting initiatives like the Just Transition Alliance, led by the Grantham Research Institute at the London School of Economics. 2.2.1 Corporate and investment banking (CIB) CIB has raised and mobilized globally EUR 139.4 billion in green finance between 2019 and December 2024. This target focuses on green use of proceeds, such as renewable energy, across products where well-recognized public information is available. GREEN FINANCE VOLUMES FROM 2019 TO 2024 Raised or facilitated. EUR bn.

| 139.4 |     |  220 |
| 2019  |     | 2030 |

Annual report 2024 35

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

2024 GREEN FINANCE VOLUMES
SPLIT BY PRODUCT

Raised or facilitated. EUR bn.

DCM (Debt capital markets); M&A (Mergers and Acquisitions)

Information obtained from public sources, such as Infralogic, TXF, Bloomberg or Mer