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 44 is higher than 94% 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 25,755,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 21,516,000 kg CO2e, with the majority being location-based. Additionally, Scope 3 emissions totalled around 12,544,000 kg CO2e, with significant contributions from business travel and employee commuting. In previous years, Santander's emissions have shown fluctuations. For instance, in 2022, the total emissions were about 134,419,000 kg CO2e, with Scope 1 at 21,967,000 kg CO2e and Scope 2 at approximately 30,917,000 kg CO2e. The bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint, nor has it committed to the Science Based Targets initiative (SBTi). Overall, while Banco Santander has made strides in tracking its emissions across various scopes, the absence of defined reduction targets suggests a need for more robust climate commitments to align with industry standards and global climate goals.
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Add to project| 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 | 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 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.
