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Financial Intermediation
US
updated a month ago

Santander Holdings USA, Inc.

Company website

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.

27

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.

29

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.

47%

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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

Very low
Low
Medium
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Very high
Some industries are more carbon intensive than others. Santander Holdings USA, Inc.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Santander Holdings USA, Inc. is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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