Santander UK Group Holdings plc
Santander UK Group Holdings plc, commonly referred to as Santander UK, is a prominent financial services provider headquartered in Great Britain. Established in 2010, the company has rapidly evolved within the banking sector, offering a comprehensive range of services including personal and business banking, mortgages, and investment solutions. With a strong presence across the UK, Santander UK is known for its customer-centric approach and innovative digital banking solutions. The bank has achieved significant milestones, including the launch of its award-winning mobile banking app, which enhances user experience and accessibility. As a subsidiary of the global Santander Group, Santander UK holds a competitive position in the market, recognised for its commitment to sustainability and community support. Its unique offerings, such as competitive interest rates and tailored financial products, set it apart in the dynamic landscape of UK banking.
DitchCarbon Score
How does Santander UK Group Holdings plc'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 UK Group Holdings plc's score of 44 is higher than 67% 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 UK Group Holdings plc's reported carbon emissions
In 2024, Santander UK Group Holdings plc reported total carbon emissions of approximately 2,473,000 kg CO2e for Scope 1, 16,259,000 kg CO2e for Scope 2 (location-based), and 3,039,000 kg CO2e for Scope 3 emissions related to business travel. This reflects a decrease in Scope 1 emissions from 2,827,000 kg CO2e in 2023 and 4,512,000 kg CO2e in 2022, indicating a commitment to reducing direct emissions. For Scope 2, the bank's market-based emissions were reported at 65,000 kg CO2e in 2024, slightly up from 63,000 kg CO2e in 2023, while location-based emissions remained relatively stable. Scope 3 emissions from business travel also increased from 2,527,000 kg CO2e in 2023 to 3,039,000 kg CO2e in 2024. Despite these figures, Santander UK Group Holdings plc has not set specific reduction targets or climate pledges, as indicated by the absence of SBTi (Science Based Targets initiative) reduction targets or documented climate commitments. The organisation's emissions data is not cascaded from a parent company, ensuring that the reported figures are solely reflective of its own operations. Overall, Santander UK Group Holdings plc is actively monitoring its carbon footprint across all scopes, demonstrating a focus on transparency and accountability in its climate impact reporting.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 4,512,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 24,000 | 00,000 | 00,000 |
| Scope 3 | 1,398,000 | 0,000,000 | 0,000,000 |
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 UK Group Holdings plc 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.
