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, comprising 2,124,700 kg CO2e from Scope 1, 59,108,010 kg CO2e from Scope 2, and 2,098,580 kg CO2e from Scope 3. This reflects a slight increase in emissions compared to 2022, where total emissions 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. The bank has set ambitious climate commitments, aiming for net-zero carbon emissions across all scopes by 2050. Additionally, it plans to achieve carbon neutrality in its own operations and utilise 100% renewable electricity by 2025, specifically targeting Scope 1 and Scope 2 emissions. These initiatives are part of a broader strategy inherited from its parent company, Banco Santander, S.A., which influences its sustainability goals and reporting. Overall, Banco Santander México is actively working towards reducing its carbon footprint while aligning with global climate standards and commitments.
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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.
