Annual Integrated Report

108 Content ESG Finance Details Annual Integrated Report Table of Contents Introduction Value Creation | Economic Performance | Environmental Social Governance Appendices 3-3 Management of mate- rial topics As a financial institution, we face the risk of having our assessment of a product or service we offer, or an investment we have made, being socially or environmentally responsible, contested by customers, regulators, or third parties. The mounting interest from investors and regulators in ESG factors and the greater demand and scrutiny of ESG-related disclosures by financial institutions have also increased our risk of being perceived as, or accused of, making inaccurate or misleading statements about the investment strategies of our self-managed investment funds, or our ESG endeavors or initiatives, commonly known as greenwashing. Such perceptions or accusations have the potential to harm our reputation, trigger legal or regulatory actions, and adversely affect our business. Hence, the importance of a robust governance framework, as shown in the Sustainable Finance chapter (pages 33-35). For further details on negative impacts, please refer to Form 20-F (page 201). https://cms.santander.com. br/sites/WRI/documentos/url-20-f_2022/23-02-28_191428_20-f%202022.pdf (items a and b) 201-1 Direct economic value generated and dis- tributed Retained economic value: direct economic value generated minus distribu- ted economic value R$ 12,749,545,000 - 201-2 Financial impli- cations and other risks and opportunities due to climate change 203-2 Significant indirect economic impacts Our PRSAC outlines the social, environmental, and climate principles and guidelines that govern our business practices and relationships with stake- holders. The Policy aims to prevent negative impacts and expand positive impacts arising from our financial operations and activities. The document can be accessed at https://cms.santander.com.br/sites/WPS/documentos/ arq-prsac-traduzida0823/23-08-10 165935 prsac ingles.pdf. Where to find the indicator Reasons for omission Pages 9, 22, 23 and 30 Pages 24 to 27 Pages 30 to 32 and 82 Pages 30,31, 38, 39, 46 to 55 Confidential information. Our engagement with both internal and external stakeholders, through assessments and interaction with customers and business partners, generates valuable feedback to enhance our processes and policies. Information not applicable. The breakdown of economic value generated and distributed by region or market is not deemed significant for disclosure purpo- ses. (item b) Information unavailable. The financial implications of both risk and opportunity, as well as the costs of any measures taken, are currently being assessed. (items a.iii and v) Information not applicable. As we deem social, cultural, and environmental investments to have significant indirect economic impacts, we have not identified any significant nega- tive indirect economic impacts. (item a) Santander 109

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