Santander Bank, National Association Sustainability Profile
Santander Bank, National Association, commonly referred to as Santander Bank, is a prominent financial institution headquartered in the United States. Established in 2013, it has rapidly expanded its presence across major operational regions, including the Northeast and Mid-Atlantic areas. As a key player in the banking industry, Santander Bank offers a diverse range of services, including personal and business banking, mortgages, and wealth management. What sets Santander Bank apart is its commitment to customer-centric solutions, leveraging innovative technology to enhance the banking experience. The bank has achieved notable milestones, including recognition for its robust digital banking platform and community engagement initiatives. With a strong market position, Santander Bank continues to serve millions of customers, providing tailored financial products that meet the evolving needs of individuals and businesses alike.
DitchCarbon Score
How does Santander Bank, National Association'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
Santander Bank, National Association's score of 17 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Santander Bank, National Association's reported carbon emissions
In 2024, Santander Bank, National Association reported total carbon emissions of approximately 27,000 tonnes CO2e. This figure includes 5,000 tonnes CO2e from Scope 1 emissions, which are direct greenhouse gas emissions, and 18,000 tonnes CO2e from Scope 2 emissions, which are indirect emissions from electricity consumption. Additionally, the bank recorded 9,000 tonnes CO2e from Scope 3 emissions, specifically related to employee travel. Comparatively, in 2023, the bank's total emissions were about 31,000 tonnes CO2e, comprising the same 5,000 tonnes CO2e from Scope 1, but with an increase in Scope 2 emissions to 22,000 tonnes CO2e, while Scope 3 emissions remained constant at 9,000 tonnes CO2e. Despite these figures, Santander Bank has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of climate pledges or SBTi (Science Based Targets initiative) commitments indicates a potential area for improvement in their climate strategy. Overall, while Santander Bank, National Association has made strides in reporting its emissions, further commitments and reduction initiatives would enhance its climate action profile.
How Carbon Intensive is Santander Bank, National Association's Industry?
How Carbon Intensive is Santander Bank, National Association's Location?
Santander Bank, National Association'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.
Santander Bank, National Association 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.
