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 a total carbon emissions figure of approximately 64,000,000 kg CO2e. This total encompasses emissions from all scopes, although specific breakdowns for Scope 1, Scope 2, and Scope 3 emissions were not disclosed for this year. In 2022, the bank's emissions data was similarly incomplete, with no total emissions reported. However, in 2021, the bank disclosed emissions of approximately 64,000,000 kg CO2e, which included 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. Despite the lack of specific reduction targets or commitments, the bank's emissions data indicates a focus on transparency regarding its carbon footprint. There are currently no stated climate pledges or SBTi (Science Based Targets initiative) reduction targets. Banco Santander (Brasil) S.A. continues to engage in climate-related initiatives, although specific details on reduction strategies or future commitments remain unspecified. The bank's emissions data is not cascaded from a parent organization, indicating that it operates independently in its reporting and climate commitments.
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.
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