Santander Holdings USA, Inc.
Santander Holdings USA, Inc., a prominent player in the financial services sector, is headquartered in the United States, with significant operations across key regions. Founded in 2013, the company has rapidly established itself within the banking industry, offering a diverse range of services including retail banking, commercial banking, and wealth management. Santander's core products, such as personal loans, mortgages, and credit cards, are designed to meet the evolving needs of its customers, emphasising convenience and competitive rates. The company is recognised for its commitment to customer service and innovative digital banking solutions, positioning it as a trusted choice for individuals and businesses alike. With a strong market presence, Santander Holdings USA continues to achieve notable milestones, reinforcing its reputation as a leader in the financial landscape.
DitchCarbon Score
How does Santander Holdings USA, Inc.'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 Holdings USA, Inc.'s score of 27 is lower than 53% 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 Holdings USA, Inc.'s reported carbon emissions
In 2023, Santander Holdings USA, Inc. reported its commitment to achieving net zero emissions by 2050, focusing on both Scope 1 and Scope 2 emissions. This long-term target was established in 2023 and aims to significantly reduce the company's carbon footprint over the coming decades. While specific emissions data for 2023 is not disclosed, the company has provided emissions intensity metrics for its various portfolios. For instance, the emissions intensity of its auto manufacturing portfolio was approximately 0.138 kg CO2e per vehicle kilometre (vkm) in 2022, a slight increase from 0.149 kg CO2e per vkm in 2021. Additionally, emissions intensity for its power generation portfolio was reported at 190.0 kg CO2e per megawatt-hour (MWh) in 2020, indicating a focus on monitoring and managing emissions across its operations. Santander Holdings USA, Inc. inherits its climate commitments and performance data from its parent company, Banco Santander, S.A., as part of its corporate family relationship. This cascading of data ensures alignment with broader sustainability initiatives and targets set by the parent organisation. Overall, Santander Holdings USA, Inc. is actively working towards its climate commitments, with a clear roadmap to achieve net zero emissions by 2050, reflecting its dedication to sustainability and environmental responsibility.
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.
Santander Holdings USA, Inc. is not participating in any 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.
