Santander UK Group Holdings plc
Santander UK Group Holdings plc, commonly known as Santander UK, is a prominent banking institution headquartered in Great Britain. Established in 2010, it operates primarily in the financial services industry, offering a wide range of banking products and services tailored for personal, business, and corporate clients. With a strong presence across the UK, Santander UK is renowned for its innovative approach to banking, including competitive mortgage offerings, personal loans, and a robust digital banking platform. The bank has achieved significant milestones, including the expansion of its branch network and the introduction of customer-centric initiatives that enhance user experience. As a subsidiary of the global Santander Group, Santander UK holds a notable position in the market, recognised for its commitment to customer service and financial inclusion. Its unique blend of traditional banking values and modern technology sets it apart in the competitive landscape.
DitchCarbon Score
How does Santander UK Group Holdings plc'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
Santander UK Group Holdings plc's score of 39 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Santander UK Group Holdings plc's reported carbon emissions
In 2023, Santander UK Group Holdings plc reported total carbon emissions of approximately 5,438,000 kg CO2e. This figure includes 2,814,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 84,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, the bank's Scope 3 emissions, which encompass all other indirect emissions, amounted to about 2,527,000 kg CO2e, primarily from business travel. Over the past few years, Santander has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were approximately 5,963,000 kg CO2e, indicating a reduction in emissions by about 525,000 kg CO2e in 2023. The bank's emissions have decreased from 6,363,000 kg CO2e in 2021 and 6,452,000 kg CO2e in 2020, showcasing a positive trend in their climate performance. Despite these reductions, Santander UK Group Holdings plc has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank continues to monitor and report its emissions across all three scopes, reflecting its ongoing commitment to transparency and accountability in addressing climate change.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 5,937,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | 000 | 000 |
| Scope 3 | 515,000 | 000,000 | 0,000,000 | 0,000,000 |
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.
Santander UK Group Holdings plc 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.
