Ditchcarbon

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OrganisationsBanco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México logo

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México

Financial IntermediationMexico
Last verified 29 days agosantander.com.mx

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.

49
DitchCarbon score

+14 vs industry average

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México’s score of 49 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.

Part of the Sustainability team at Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México?

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2026

00.0M00.0M00.0M00.0M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's reported carbon emissions

In 2023, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México reported total carbon emissions of approximately 61,232,710 kg CO2e. This figure includes 2,124,700 kg CO2e from Scope 1 emissions, 59,108,010 kg CO2e from Scope 2 emissions, and 2,098,580 kg CO2e from Scope 3 emissions. The bank has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050, with a near-term target to achieve carbon neutrality in its own operations and utilise 100% renewable electricity by 2025. The emissions data is cascaded from its parent company, Banco Santander, S.A., which provides a broader context for its sustainability initiatives. The bank's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive approach to climate change mitigation.

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Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México’s Climate Goals (2030 & 2050)

3 goals

2050

Nuestra ambición como Grupo Santander es llegar a las cero e…

Nuestra ambición como Grupo Santander es llegar a las cero emisiones netas de carbono para 2050.

Behind target0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

Inherited from Banco Santander, S.A.
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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México logoBanco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
MXFinancial Intermediation
29 days ago
49
Visa logoVisa
USFinancial Intermediation
1 day ago
100
View
BBVA México, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA México logoBBVA México, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA México
MXFinancial Intermediation
8 days ago
89
View
American Express logoAmerican Express
USFinancial Intermediation
6 days ago
83
View
Mastercard logoMastercard
USFinancial Intermediation
8 days ago
79
View
HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC logoHSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC
MXFinancial Intermediation
24 days ago
77
View
Fidelity National Information Services, Inc. logoFidelity National Information Services, Inc.
USComputer Services
8 hours ago
71
View

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Ditchcarbonv260319.2
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