Santander UK Group Holdings plc

Santander UK Group Holdings plc's reported carbon emissions

In 2024, Santander UK Group Holdings plc reported total carbon emissions of approximately 247,300,000 kg CO2e. This figure includes emissions from all scopes: Scope 1 emissions were about 2,473,000 kg CO2e, Scope 2 emissions totalled approximately 16,259,000 kg CO2e (location-based), and Scope 3 emissions reached around 245,310,000 kg CO2e. Notably, the company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). In 2023, Santander's emissions were slightly higher, with a total of approximately 300,750,000 kg CO2e, comprising 2,827,000 kg CO2e from Scope 1, 16,190,000 kg CO2e from Scope 2 (location-based), and 300,750,000 kg CO2e from Scope 3. The trend in emissions suggests a need for enhanced climate commitments and reduction strategies. The company has disclosed emissions data for all three scopes, demonstrating transparency in its reporting. However, it currently lacks specific climate pledges or reduction initiatives, which are critical for aligning with global climate goals.