Banco 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, 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 75% 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 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 demonstrated a commitment to reducing its carbon footprint, with a target to achieve carbon neutrality in its operations and utilise 100% renewable electricity by 2025. This near-term goal applies to both Scope 1 and Scope 2 emissions. Looking at previous years, emissions in 2022 were about 59,163,630 kg CO2e, with Scope 1 at 1,894,490 kg CO2e, Scope 2 at 57,269,150 kg CO2e, and Scope 3 at 1,692,410 kg CO2e. In 2021, the total emissions were approximately 55,926,790 kg CO2e, with Scope 1 emissions of 1,195,950 kg CO2e and Scope 2 emissions of 54,730,840 kg CO2e. Banco Santander México is part of a larger corporate family, inheriting emissions data from its parent company, Banco Santander, S.A. This relationship influences its sustainability initiatives and reporting practices. The bank's long-term ambition is to reach net-zero carbon emissions by 2050, encompassing all scopes of emissions. Overall, Banco Santander México is actively working towards significant climate commitments, aligning with industry standards and demonstrating a proactive approach to sustainability.
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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 |
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 México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is participating in some of the initiatives that 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.
