Santander UK Group Holdings plc Sustainability Profile
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 47 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, 65,000 kg CO2e for Scope 2 (market-based), and 3,039,000 kg CO2e for Scope 3 emissions related to business travel. The previous year, 2023, saw emissions of about 2,827,000 kg CO2e for Scope 1, 63,000 kg CO2e for Scope 2 (market-based), and 2,527,000 kg CO2e for Scope 3. In 2022, the figures were approximately 4,512,000 kg CO2e for Scope 1, 24,000 kg CO2e for Scope 2 (market-based), and 1,398,000 kg CO2e for Scope 3. Santander UK has not set specific reduction targets or climate pledges, and there are no emissions reduction initiatives documented. The emissions data is not cascaded from a parent organization, indicating that the figures are independently reported by Santander UK Group Holdings plc. The company continues to monitor and disclose its emissions across all relevant scopes, contributing to transparency in its climate impact.
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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 |
How Carbon Intensive is Santander UK Group Holdings plc's Industry?
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Santander UK Group Holdings plc's Scope 3 Categories Breakdown
Santander UK Group Holdings plc's Scope 3 emissions, which increased by 20% last year and increased by approximately 117% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 54% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Santander UK Group Holdings plc'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 UK Group Holdings plc 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.
