Slide 1: Q4'24 Sustainability: Helping people and businesses prosper
Q4’24 Sustainability Helping people and businesses prosper 1
Slide 2: Important Information
Important Information Non-IFRS and alternative performance measures This document contains financial information prepared according to International Financial Reporting Standards (IFRS) and taken from our While these forward-looking statements represent our judgement and future expectations concerni
Slide 3: Index
Index 01 02 03 04 05 06 Sustainability Climate Transition Financing the Financial Corporate External at Santander plan green transition Inclusion, Governance engagement Empowerment & Recognition & Community support 3
Slide 4: Sustainability at Santander
01 Sustainability at strategy 4
Slide 5: Sustainability | Our strategy
Sustainability | Our strategy Help our customers in meeting their goals in their transition lo a low-carbon economy while also managing climate-related risks and impacts. Help our employees develop by promoting an inclusive culture and learning and providing fair working conditions. Contribute to th
Slide 6: Sustainability | Strategy
Sustainability | Strategy Our Sustainability strategy continues to focus on issues that are material to Santander Think VALUE Profitable growth makes us resilient and able to withstand shocks, invest in our employees and customer value proposition, support our communities, and create value for our s
Slide 7: ESG strategy | Our journey
ESG strategy | Our journey Our journey over the past years highlights our ongoing commitment to fight climate Responsible Pledged to Set an ambition Creation of a We achieved change and contribute to a more Banking reduce our to be net-zero Global Green Finance Team our 2025 target to raise or Commi
Slide 8: Climate transition plan | Our objectives
Climate transition plan | Our objectives From…to… Accumulated Target achieved We have set targets in those areas where we have the greatest potential impact 2019 2020 2021 2022 2023 2024 2025/2030 target 120bn by 2025 Green finance raised and facilitated (€bn)A 19 33.8 65.7 94.5 115.3 139.4 220bn by
Slide 9: ESG strategy | Commitment from our Top Management
ESG strategy | Commitment from our Top Management By delivering on our purpose to help people Ana Botín Héctor Grisi Checa and businesses prosper, Executive Chairman CEO we grow as a business and continue to help “Sustainability and inclusion are at the core "Santander has been supporting the societ
Slide 10: Alignment targets
Alignment targets . | ban ‘ ha i
Slide 11: Alignment pathway | Key milestones
Alignment pathway| Key milestones We continue to work towards our ambition of net zero carbon emissions by 2050 by progressively setting specific actions to align our portfolios CO2 In 2024 we achieved Financed emissions our 2025 target to raise disclosed for residential or facilitate €120bn in mort
Slide 12: Alignment pathway | Progress in our alignment targets
Alignment pathway | Progress in our alignment targets 2030 targets Scope Metric Baseline 2020 2021 2022 2023 2030 Value Chain in scope Upstream / Midstream / Downstream / Power tCO₂e/MWh 0.21* 0.17 0.19 0.16 0.15 0.11 (-46%) 1 Generation Distribution End product generation (2019 baseline year) Integ
Slide 13: Alignment pathway | Mitigating levers
Alignment pathway | Mitigating levers Policy Risk Appetite ESG Panels Further Actions 1. in Oil and Gas, Power Generation and transmission, Mining and Metals, and Soft Commodities 13
Slide 14: Sustainability ambition | Examples of efforts across our Global Businesses
Sustainability ambition | Examples of some efforts across our Global Businesses Net-zero actions and targets in Wealth Management & progress in our decarbonization strategy in Poland Wealth Management road to net-zero Corporate and Investment Banking Deals (Non-exhaustive list) 01 Climate Commitment
Slide 15: Financing the green transition
03 Financing the green transition 15
Slide 16: Green Finance | Our global reach
Green Finance | Our global reach Finance is a key enabler of the transition towards a low-carbon economy. We are contributing to a more sustainable economy by managing climate-related risks and opportunities, building a comprehensive sustainable and green finance proposition. We are currently workin
Slide 17: Green Finance | Our global franchise
Green Finance | Our global franchise Renewable Energy Financing FY241 Rank Loan Provider Vol. (€mn) Nº Rank 1 Bank 1 8,009 79 4.95% Santander has been a 2 Santander 7,346 82 4.54% leader in renewable Bank 2 7,175 94 4.44% energy finance for more 3 than 10. In 2024, we were 4 Peer 1 5,641 80 3.49% am
Slide 18: Green Finance | Green solutions for individual, SMEs and Corporate customers
Green Finance | Green solutions for our individual, SMEs and Corporate customers What we finance Value proposition 2024 Geographies Developer loans, CRE, Green Purchase, construction and renovation Real mortgages. Consumer loans for of energy-efficient buildings. renovation, solar panel, EV charging
Slide 19: Green Finance | Examples of some Country and Unit efforts
Green Finance | Examples of some Country and Unit efforts Providing sustainable solutions to our customers in Consumer Finance & Santander España Santander Consumer Finance Green proposition already a reality Santander España Sustainable product proposition Financial offer +243.000 Electric vehicles
Slide 20: Green Finance | Protecting the Brazilian Amazon
Green Finance | Protecting the Brazilian Amazon Santander is committed to safeguarding and promoting the sustainable development of the Amazon rainforest, which is vital to address climate change and conserve biodiversity. We need economic growth, but it must be sustainable. For years, Santander Bra
Slide 21: Financial Inclusion & Community support
04 Financial Inclusion & Community support 21
Slide 22: Financial Inclusion & Community support | Global approach
Financial Inclusion & Community support | Global approach At Santander we seek to provide tailored finance 2.6mn New people financially included to those facing difficulties while trying to access credit, by Disbursed in microcredits designing solutions for “Banks have a critical role to €1.27bn to
Slide 23: Financial Inclusion & Community support
Financial Inclusion & Community support We have different initiatives to support Financial Inclusion Access Finance Branches in underbanked Promoting access to cash and transactions and remote regions1 Microfinance We aim to ensure underserved communities We promote social mobility and help low- can
Slide 24: Financial Inclusion & Community support
Financial Inclusion & Community support We support the communities where we operate by helping them address their social needs. Contribution to education, employability and entrepreneurship, as well as to community development through support programs. Main lines of action 1 2 3 Education Entreprene
Slide 25: Corporate Governance
cP) rw) ie S (S = cD) > {e) UO Corporate @ Santander.
Slide 26: Corporate Governance | Our strengths
Corporate Governance | Our strengths As a responsible bank we have a clear, robust governance. Best practices on governance are channelled to all our subsidiaries, as part of our global Governance Model High participation in our General Shareholders’ meetings AGM quorum Commitment to maximise the di
Slide 27: Corporate Governance | Our strengths
Corporate Governance | Our strengths We strive to have a clear and robust governance with well-defined accountability and a prudent management of risks and opportunities to ensure: Respect for A balanced Board Maximum transparency shareholders’ rights composition regarding remuneration Be at the for
Slide 28: Corporate Governance | Board composition
Corporate Governance | Board composition Our Board composition ensures Our board composition ensures the appropriate balance of knowledge, skills, qualifications, diversity and experience Number of Geographical Independent Women part Directors diversity Board members of the Board 15 5 66.6% 40% Dire
Slide 29: Corporate Governance | Executive variable remuneration
Corporate Governance | Executive variable remuneration Aligned with our Alignment with strategic goals shareholder interests › To further support the Group's A B › 50% of all variable remuneration is in transformation strategy, short-term instruments (Banco Santander S.A. shares, and corporate bonus
Slide 30: Corporate Governance | ESG in Reward
Corporate Governance | ESG in Reward Weights Equally weighted ESG action lines included 2025-2027 RoTE 30% Women in senior positions rTSR 50% Financial inclusion LTI (LONG TERM Socially Responsible Investments INCENTIVES) ESG 20% Climate - Business raised and facilitated Category Metrics A Weighting
Slide 31: External engagement & Recognition
06 External engagement & Recognition 31
Slide 32: External engagement & Recognition | Partnerships & initiatives
External engagement & Recognition | Partnerships & initiatives Main sustainability initiatives where Santander is a member or participant: United Nations Global Compact: United Nations Global Compact: We have been International Sustainability Standards Board (ISSB): Santander joined the IFRS part of
Slide 33: External engagement & Recognition | ESG Ratings
External engagement & Recognition | ESG Ratings We engage with ESG ratings to signal our progress and keep improving with their feedback Ratings In 2024, we maintained our position in MSCI (AA) and at Carbon disclosure project (CDP) level A . We scored 17.1 points in Sustainalytics, remaining in its
Slide 34: Appendix
Appendix 34
Slide 35: ESG in Investor Relations | Main contact details
ESG in Investor Relations | Main contact details Investor Relations investor@gruposantander.com Tosin Iduh ESG & Market Intelligence oiduhija@gruposantander.com 35
Slide 36: Transparency & Disclosure | Reports and additional information
Transparency & Disclosure | Reports and additional information Please click on the below images to consult public details highlighted in this presentation 2024 Annual report Corporate Governance presentation www.santander.com 36
Slide 37: Decarbonization Targets | Current exposure
Decarbonization Targets | Current exposure We have enhanced the materiality assessment with scenario analysis to calculate quantitative heatmaps September 2024 (pre-mitigation), EUR billion TR PR CIB Other segments Low Moderately low Power (Conventional) 26 2 Power (Renewables Project Finance) 13 0
Slide 38: Thank You.
Thank You. Our purpose is to help people and businesses prosper. Our culture is based on believing that everything we do should be: 38