Banco Santander
Banco Santander, officially known as Banco Santander, S.A., is a leading global financial institution headquartered in Spain (ES). Established in 1857, the bank has grown to become one of the largest banks in Europe, with significant operations across key regions including the UK, Latin America, and the United States. Specialising in retail and commercial banking, Santander offers a diverse range of services, including personal and business banking, mortgages, and investment solutions. Its commitment to innovation and customer-centric services sets it apart in the competitive banking landscape. With a strong market position, Banco Santander has achieved notable milestones, such as its successful digital transformation and expansion into emerging markets. The bank continues to focus on sustainable finance and enhancing customer experience, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Banco Santander's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Banco Santander's score of 41 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banco Santander's reported carbon emissions
In 2023, Banco Santander reported total carbon emissions of approximately 172,711,000 kg CO2e. This figure includes Scope 1 emissions of about 35,503,000 kg CO2e, Scope 2 emissions of approximately 24,350,000 kg CO2e, and significant Scope 3 emissions totalling around 1,116,061,000 kg CO2e. Notably, the bank's Scope 3 emissions are primarily driven by capital goods, business travel, employee commuting, and purchased goods and services. In terms of climate commitments, Banco Santander has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal reduction frameworks. However, the bank is actively engaged in sustainability efforts, as evidenced by its comprehensive reporting on emissions across various scopes. The absence of defined reduction targets suggests a potential area for future development in their climate strategy. Overall, Banco Santander's emissions data highlights the scale of its carbon footprint, particularly in Scope 3, while also indicating a need for more structured reduction commitments to align with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 27,001,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 258,356,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 132,734,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Banco Santander is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
