Banco Santander (Brasil) S.A. Sustainability Profile
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 27 is lower than 55% 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 2023, Banco Santander (Brasil) S.A. reported emissions data that includes various production factors, although specific total emissions figures for Scope 1, 2, and 3 were not disclosed. The emissions associated with electricity generation were approximately 150 kg CO2e per MWh, while oil and gas emissions were about 72,970 kg CO2e per TJ. The aviation sector contributed approximately 0.08299 kg CO2e per RPK, and steel production emissions were around 1,380 kg CO2e per tonne. Comparatively, in 2022, the emissions from electricity generation were about 160 kg CO2e per MWh, with oil and gas emissions at approximately 73,280 kg CO2e per TJ, and steel emissions at 1,240 kg CO2e per tonne. This indicates a slight reduction in emissions intensity for electricity and oil and gas from 2021 to 2022. Banco Santander (Brasil) S.A. has not set specific reduction targets or disclosed any significant climate commitments, as indicated by the absence of SBTi reduction targets or documented reduction initiatives. The organisation's emissions data is not cascaded from a parent company, and all reported figures are sourced directly from Banco Santander (Brasil) S.A. Overall, while the bank has provided some emissions intensity data, it lacks comprehensive emissions reporting and clear climate commitments, which are essential for aligning with industry standards and addressing climate change effectively.
How Carbon Intensive is Banco Santander (Brasil) S.A.'s Industry?
How Carbon Intensive is Banco Santander (Brasil) S.A.'s Location?
Banco Santander (Brasil) S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banco Santander (Brasil) S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
