Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. Sustainability Profile
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., headquartered in Spain, is a prominent player in the insurance and reinsurance industry. Established in the early 20th century, the company has evolved significantly, marking key milestones that underscore its commitment to innovation and customer service. Operating primarily in Spain and across various European markets, Santander Seguros offers a diverse range of products, including life, health, and property insurance. What sets them apart is their tailored solutions that cater to both individual and corporate clients, ensuring comprehensive coverage and peace of mind. With a strong market position, Santander Seguros is recognised for its financial stability and customer-centric approach, making it a trusted choice for insurance needs. Their dedication to excellence has earned them notable achievements within the industry, reinforcing their reputation as a leading insurer in the region.
DitchCarbon Score
How does Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.'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 Insurance 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
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.'s score of 46 is higher than 64% 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 Seguros y Reaseguros, Compañía Aseguradora, S.A. currently does not have specific carbon emissions data available, as indicated by the absence of reported emissions figures. The company is a current subsidiary of Banco Santander, S.A., which cascades its emissions data and climate initiatives down to its subsidiaries. As part of its commitment to sustainability, Santander Seguros y Reaseguros aligns with the broader climate strategies of Banco Santander, S.A. However, no specific reduction targets or initiatives have been documented for this subsidiary. The lack of detailed emissions data and reduction commitments suggests that the company may still be in the early stages of formalising its climate action plans. In the context of the insurance and reinsurance industry, companies are increasingly expected to adopt robust climate strategies and disclose their emissions. Santander Seguros y Reaseguros will likely need to enhance its climate commitments to meet industry standards and stakeholder expectations.
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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 | 000,000 | 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 | 0,000,000 | 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 Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.'s Industry?
How Carbon Intensive is Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.'s Location?
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.'s Scope 3 Categories Breakdown
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.'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
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.'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 Seguros y Reaseguros, Compañía Aseguradora, S.A. 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.
