Banco Santander (Brasil) S.A.
Banco Santander (Brasil) S.A., a prominent player in the Brazilian banking sector, is headquartered in São Paulo. Established in 1982, the bank has grown significantly, becoming a key provider of financial services across the country, particularly in major urban centres. As a subsidiary of the global Santander Group, Banco Santander Brasil operates primarily in retail banking, corporate banking, and investment services. Its core offerings include personal and business loans, credit cards, and investment products, distinguished by a strong emphasis on digital innovation and customer service. With a robust market position, Banco Santander Brasil has achieved notable milestones, including recognition for its commitment to sustainability and financial inclusion. The bank continues to enhance its reputation as a trusted financial partner in Brazil, leveraging technology to meet the evolving needs of its diverse clientele.
DitchCarbon Score
How does Banco Santander (Brasil) S.A.'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 (Brasil) S.A.'s score of 37 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Santander (Brasil) S.A.'s reported carbon emissions
In 2022, Banco Santander (Brasil) S.A. reported total carbon emissions of approximately 21,332,260 kg CO2e across all scopes. This included about 2,695,700 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and approximately 1,133,550 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 17,503,010 kg CO2e, fell under Scope 3, which encompasses all other indirect emissions that occur in the value chain. In 2021, the bank's emissions were significantly higher, with total emissions reaching approximately 28,354,630 kg CO2e. This included about 6,434,250 kg CO2e from Scope 1, 27,765,030 kg CO2e from Scope 2, and 28,354,630 kg CO2e from Scope 3. The reduction in emissions from 2021 to 2022 indicates a positive trend towards lowering their carbon footprint. Despite these reductions, Banco Santander (Brasil) has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction commitments suggests that while the bank is making progress in reducing emissions, it may benefit from establishing clearer climate goals to enhance its sustainability efforts.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 13,037,470 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,495,730 | 0,000,000 | 0,000,000 |
| Scope 3 | 12,631,540 | 00,000,000 | 00,000,000 |
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 (Brasil) S.A. is not participating in any of the initiatives that 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.
