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 50 is higher than 96% 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 5,577,000 kg CO2e. This figure includes 2,473,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 65,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, which encompass all other indirect emissions, amounted to about 3,039,000 kg CO2e, primarily from business travel. In 2023, the total emissions were slightly lower at approximately 5,417,000 kg CO2e, with Scope 1 emissions at 2,827,000 kg CO2e, Scope 2 emissions at 631,000 kg CO2e, and Scope 3 emissions at 2,527,000 kg CO2e. The 2022 emissions data indicated a total of around 5,000,000 kg CO2e, with Scope 1 at 4,512,000 kg CO2e, Scope 2 at 241,000 kg CO2e, and Scope 3 at 1,398,000 kg CO2e. Despite these figures, Santander UK Group Holdings plc has not publicly committed to specific reduction targets or initiatives as part of their climate strategy. The absence of documented reduction targets suggests a need for further clarity on their long-term climate commitments. The company continues to disclose emissions across all three scopes, indicating a level of transparency in their environmental impact reporting.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 4,512,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 241,000 | 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.
