Annual Integrated Report

36 ⚫ keeping up with market trends, devising strategies, and assimilating valuable insights from our operations ⚫advising other departments of the Bank and clients on the risks and opportunities associated with investing in the Amazon • originating and structuring new businesses, products and projects, with support for their implementation and subsequent monitoring • ⚫ curating content and supporting regionalization • engaging stakeholders, fostering strategic partnerships, and supporting the enhancement of public policies Presence in the Region [3-3] Productive inclusion and empowerment To fulfill our Amazon commitments, we have chosen to closely monitor what happens at the forest's edge. As a result, we have established a local structure to serve our customers, promote best practices for sustainable development in the region, and improve the living conditions of the population. Since 2021, we have been operating the North Amazon Network, which brings our services and experience to municipalities in Acre, Amazonas, Roraima, and Rondônia through the presence of 36 stores. Our objective is to expand this network twofold by the end of 2023, reinforcing our support to customers in their transition towards a low-carbon, resilient, and inclusive economy. Furthermore, we have stores scattered throughout the Legal Amazon, which encompasses nine states: Acre, Amapá, Amazonas, Pará, Rondônia, Roraima, and Tocantins in the Northern region; Mato Grosso in the Midwest; and in the western portion of Maranhão, in the Northeast region. Click here to learn more. Strategic Initiatives In 2022, we launched strategic projects that positioned us at the forefront of nature-based solutions in the Amazon and Brazil. • Amazon Journey Platform: In partnership with the Certi Foundation, we aim to mobilize 20,000 talented entrepreneurs from universities and the regional market through the Bioeconomy Business Innovation Platform in the Amazon. The goal is to transform the most promising business ideas into 200 forest bioeconomy startups, while strengthening at least 10 ecosystem organizations, such as accelerators, incubators, and venture builders. This initiative is co-funded and invested in by the Amazon Plan banks and Vale Fund. • IFACC: We became the first bank in the world to join the Innovative Financing for the Amazon, Cerrado, and Chaco ("IFACC") initiative, which is coordinated by The Nature Conservancy ("TNC"), The Tropical Forest Alliance ("TFA"), and the United Nations Environment Programme Finance Initiative ("UNEP FI"), a sustainable finance program of the U.N. Launched in November 2021 in Glasgow, the IFACC aims to accelerate sustainable production financing and integrate complementary capabilities to structure and scale financial mechanisms, including farmer loans, land investment funds, corporate debt instruments, and capital market tools. The 17 IFACC members have committed to mobilizing US$ 3 billion by 2025. • Amazon Day: We commemorated the Amazon Day with a four-day internal engagement initiative that impacted 16,000 employees. Our focus was on the bioeconomy of the standing forest. We served authentic regional cuisine in our restaurants, played indigenous music in our spaces, and provided venues for the sale of products crafted by indigenous communities using inputs from the Amazon rainforest. ⚫ Forest Peoples Internet: We provided seed funding to the Forest Peoples Institute, which enabled the launch of an ambitious project to bring fast and high-quality internet to 4,000 remote communities in the Amazon by 2025. Our support will allow for the piloting of the project using the new Starlink service, with a battery and solar panel kit that will be installed across 30 pilot communities during an experimental phase. This access will unlock a variety of initiatives that are currently unavailable to these communities, such as telemedicine, productive inclusion, and environmental control. • We launched Biomas, the world's most ambitious forest restoration and protection company, in conjunction with Vale, Itaú, Marfrig, Suzano, and Rabobank during COP27. Biomas aims to protect and restore 4 million hectares of forests in the Amazon, Caatinga, Mata Atlântica, and Cerrado biomes over the next two decades, using 2 billion native trees. The alliance aims to reduce approximately 900 million tons of carbon equivalent from the atmosphere during this period, while generating high- quality carbon credits and social impact. . Meatpacking Plants: We actively engaged our customers in complying with Measure 1 of the Amazon Plan and collaborated with FEBRABAN to establish best practices for financing the meat industry, so as not to contribute to deforestation. . Green "CRA": We collaborated with three companies (Gaia Group, Belterra, and Conexsus) in January 2023 to launch a groundbreaking financial initiative to support the bioeconomy. This initiative involved the issuance of a R$ 17 million green agribusiness receivables certificate (Green "CRA"), which aims to address the lack of credit available for sustainable agriculture projects and the restoration of degraded land across five Brazilian biomes, with a particular emphasis on the Amazon. The security will provide working capital for 22 community- based enterprises engaged in the cultivation of crops such as cocoa, banana, and cassava, ultimately benefiting 4,500 producers who lack access to conventional credit lines. This is accomplished through a blended finance model, with a 3.3% rate for philanthropic capital and a 15.75% rate for commercial capital. The modality, which has been gaining traction in Brazil's impact sphere, entails raising non-repayable funds or accepting below-market returns to mobilize capital that seeks returns, thereby scaling up the operation. With this, we plan to explore business opportunities on an even broader scale and leverage carbon assets in the future. Annual Integrated Report Table of Contents Introduction Value Creation | Economic Performance Environmental Social Governance Appendices Santander 37

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