Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Sustainability Profile
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, is a leading financial institution headquartered in Mexico City. Established in 1999, it has rapidly grown to become a key player in the Mexican banking sector, offering a wide range of services across retail, corporate, and investment banking. The bank is renowned for its innovative digital banking solutions, which enhance customer experience and accessibility. Core products include personal and business loans, credit cards, and investment services, all designed to meet the diverse needs of its clientele. With a strong market position, Banco Santander México has consistently achieved notable milestones, including recognition for its commitment to sustainability and financial inclusion.
DitchCarbon Score
How does Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México'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 México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's score of 54 is higher than 72% 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 México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's reported carbon emissions
In 2024, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México reported significant carbon emissions, with Scope 2 emissions amounting to approximately 59,644,000 kg CO2e and Scope 3 emissions at about 2,204,950 kg CO2e. The previous year, 2023, the bank's emissions included Scope 1 emissions of approximately 2,124,700 kg CO2e, Scope 2 emissions of about 59,108,010 kg CO2e, and Scope 3 emissions of around 2,098,580 kg CO2e, totalling approximately 61,232,710 kg CO2e for Scope 1 and 2 combined. Banco Santander México has set ambitious climate commitments, aiming for carbon neutrality in its operations by 2025, with a target to utilise 100% renewable electricity. This commitment applies to both Scope 1 and Scope 2 emissions. Furthermore, the bank aspires to achieve net-zero carbon emissions across all scopes by 2050, reflecting a long-term dedication to sustainability. The emissions data for Banco Santander México is cascaded from its parent company, Banco Santander, S.A., which provides a broader context for its climate initiatives. The bank's performance and targets align with industry standards, demonstrating a proactive approach to addressing climate change and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,414,100 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 73,463,380 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's Industry?
How Carbon Intensive is Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's Location?
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México'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 México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
