Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 353

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 353
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 investment in 2027 as a percentage of total assets under management.

| Socially responsible investmentB(%) |     | Coefficient |
| ≥ 21%                               |     |        1.25 |
| ≥ 19% but < 21%                     |     |   1 – 1.25A |
| ≥ 15% but < 19%                     |     |      0 – 1A |
| < 15%                               |     |           0 |

A. Increase of the coefficient is proportional to its position on this line of the scale. B. Assets under management that meet the criteria of Santander’s Sustainable Finance and Investment Classification System (SFICS), over total assets under management. 4. Supporting transition. This goal includes how we support our customers' transition through sustainable finance, and the progress on transition plan:

| Finance raised and facilitatedBbetween 2025 and 2027 (EUR bn) |     | Coefficient |
| ≥ 220                                                         |     |        1.25 |
| ≥ 165 but < 220                                               |     |   1 – 1,25A |
| ≥ 120 but < 165                                               |     |      0 – 1A |
| < 120                                                         |     |           0 |

A. Increase of the coefficient is proportional to its position on this line of the scale. B. Grupo Santander's contribution to our customers’ transition: CIB green finance raised and facilitated and Retail & Commercial banking green finance and Digital Consumer Bank green finance. To achieve beyond 100% of this goal, it is necessary to progress on Banco Santander transition plan, in order to further support our customers in their transition, including: improving climate data, progress on actions to align our portfolios, enhance sustainable product offering to address market needs, further embed climate and environmental risk, and aim to support policy action and market developments. Each sustainability goal has a different weighting: 1. Women in executive positions: 20% 2. Financial inclusion: 20% 3. Socially responsible Investment: 10% 4. Supporting transition: 50% C = (20% Goal 1 +20% Goal 2 +10% Goal 3 +50% Goal 4) Finally, the following formula will be used to set the annual amount of performance-based deferred variable remuneration in 2029, 2030 and 2031 ('final annuity'), without prejudice to any adjustment deriving