Grupo Financiero Santander México, S.A. de C.V. Sustainability Profile
Grupo Financiero Santander México, S.A. de C.V., commonly known as Santander México, is a leading financial institution headquartered in Mexico City. Established in 1991, the bank has grown to become a significant player in the Mexican banking sector, offering a wide range of financial services across the country. Operating primarily in retail and commercial banking, Santander México provides core products such as personal and business loans, credit cards, and investment services. Its commitment to innovation and customer service distinguishes it from competitors, making it a preferred choice for many consumers and businesses alike. With a strong market position, Santander México has achieved notable milestones, including the expansion of its digital banking services, which cater to the evolving needs of its clients. The bank continues to play a vital role in the financial landscape of Mexico, contributing to economic growth and development.
DitchCarbon Score
How does Grupo Financiero Santander México, S.A. de C.V.'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 Real Estate Services 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
Grupo Financiero Santander México, S.A. de C.V.'s score of 38 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Financiero Santander México, S.A. de C.V. currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. However, the organisation is part of a broader corporate family that includes Banco Santander, S.A., from which it inherits certain climate commitments and performance metrics. As a current subsidiary of Banco Santander, S.A., Grupo Financiero Santander México aligns with the sustainability initiatives and targets set by its parent company. While specific reduction targets and climate pledges for Grupo Financiero Santander México are not detailed, the overarching commitments from Banco Santander include participation in the Carbon Disclosure Project (CDP) and adherence to science-based targets, which are crucial for driving emissions reductions across its operations. In summary, while specific emissions data for Grupo Financiero Santander México is not available, the organisation is committed to sustainability through its affiliation with Banco Santander, which actively engages in climate initiatives and reporting.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 259,567,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Grupo Financiero Santander México, S.A. de C.V.'s Industry?
How Carbon Intensive is Grupo Financiero Santander México, S.A. de C.V.'s Location?
Grupo Financiero Santander México, S.A. de C.V.'s Scope 3 Categories Breakdown
Grupo Financiero Santander México, S.A. de C.V.'s Scope 3 emissions, which increased by 790% last year and increased by approximately 741% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 63% of Scope 3 emissions.
Top Scope 3 Categories
Grupo Financiero Santander México, S.A. de C.V.'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.
Grupo Financiero Santander México, S.A. de C.V. 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.
