Santander UK plc
Santander UK plc, a prominent subsidiary of the global banking giant Banco Santander, is headquartered in Great Britain and serves a diverse clientele across the UK. Established in 2010, Santander UK has rapidly evolved within the financial services industry, focusing on retail and commercial banking, as well as wealth management. The bank offers a range of core products, including personal and business accounts, mortgages, and loans, distinguished by competitive rates and customer-centric services. Santander UK is recognised for its innovative digital banking solutions, enhancing customer experience and accessibility. With a strong market position, Santander UK has achieved notable milestones, including significant growth in customer base and a commitment to sustainability initiatives. The bank continues to play a vital role in the UK’s financial landscape, providing reliable banking solutions tailored to meet the needs of its customers.
DitchCarbon Score
How does Santander UK 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 plc's score of 33 is higher than 82% 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 plc's reported carbon emissions
In 2023, Santander UK plc reported total carbon emissions of approximately 3,500,000 kg CO2e. This figure includes emissions across all three scopes: Scope 1 emissions were about 1,000,000 kg CO2e, Scope 2 emissions totalled around 500,000 kg CO2e, and Scope 3 emissions reached approximately 2,000,000 kg CO2e. Within Scope 3, significant contributors included purchased goods and services at about 1,200,000 kg CO2e, business travel and employee commute each at around 500,000 kg CO2e, and waste generated in operations at about 300,000 kg CO2e. Despite the substantial emissions figures, Santander UK plc has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined reduction strategies suggests a need for further commitment to climate action within the financial sector. As the industry increasingly prioritises sustainability, Santander's future climate commitments will be crucial in aligning with global climate goals.
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| 2023 | |
|---|---|
| Scope 1 | 1,000,000 |
| Scope 2 | 500,000 |
| Scope 3 | 2,000,000 |
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 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.
