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 40 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 17,980 kg CO2e, Scope 2 emissions of approximately 21,516,000 kg CO2e, and Scope 3 emissions totalling around 120,000 kg CO2e, which includes significant contributions from business travel and employee commuting. Over the years, Santander has shown a commitment to reducing its carbon footprint. For instance, in 2022, the bank's total emissions were about 134,419,000 kg CO2e, indicating a slight increase in 2023. The bank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for further transparency in its climate commitments. The emissions data reflects Santander's ongoing efforts to monitor and manage its environmental impact, particularly in the context of its global operations. As the financial sector increasingly prioritises sustainability, Santander's emissions reporting will be crucial for stakeholders assessing its climate performance and commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 27,001,000 | 00,000,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| 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 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000 | 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 committed to some 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.
