Santander Consumer Bank AG Sustainability Profile
Santander Consumer Bank AG, a prominent player in the financial services sector, is headquartered in Germany and operates extensively across Europe. Founded in 1984, the bank has established itself as a key provider of consumer finance solutions, specialising in auto loans, personal loans, and credit cards. With a commitment to innovation, Santander Consumer Bank AG offers unique products tailored to meet the diverse needs of its customers, including flexible financing options and competitive interest rates. The bank's strong market position is underscored by its robust customer base and notable achievements in digital banking services. As part of the global Santander Group, it leverages extensive resources and expertise to deliver exceptional financial solutions, making it a trusted choice for consumers seeking reliable banking services.
DitchCarbon Score
How does Santander Consumer Bank AG'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 Consumer Bank AG's score of 51 is higher than 69% 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 Consumer Bank AG's reported carbon emissions
In 2024, Santander Consumer Bank AG reported total carbon emissions of approximately 237.97 million kg CO2e. This figure includes Scope 1 emissions of about 13,944 kg CO2e, Scope 2 emissions of approximately 3.27 million kg CO2e, and Scope 3 emissions of around 234.69 million kg CO2e. The bank's emissions data is cascaded from its parent organization, Santander Group, reflecting a comprehensive approach to sustainability. In 2023, the bank's total emissions were approximately 275.18 million kg CO2e, with Scope 1 emissions at about 23,955 kg CO2e, Scope 2 emissions around 4.66 million kg CO2e, and Scope 3 emissions approximately 270.50 million kg CO2e. The 2022 data indicated total emissions of about 505.08 million kg CO2e, comprising Scope 1 emissions of approximately 25.48 million kg CO2e, Scope 2 emissions of about 5.13 million kg CO2e, and Scope 3 emissions of around 243.30 million kg CO2e. Despite the significant emissions figures, Santander Consumer Bank AG has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further clarity on the bank's long-term sustainability strategy. The bank's emissions data is crucial for understanding its environmental impact and commitment to addressing climate change within the financial sector.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 25,483,508 | 00,000.00 | 00,000.00 |
| Scope 2 | 5,127,927 | 0,000,000.0 | 0,000,000 |
| Scope 3 | 243,296,950 | 000,000,000 | 000,000,000 |
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Santander Consumer Bank AG'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 Consumer Bank AG 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.
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