This company profile is not publicly available
Banking and financial services
One of the largest banks in the world. Latin America accounts for about 40% of the group's revenues. Santander has some 90 million customers in more than 40 countries.
|Banco Santander SA||ESP||website|
|Banco Santander SA|
This company received an S&P Global ESG Score of 86/100 in the Banks category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
[Source 2019][More on Sustainability Reporting]
The Equator Principles (EPs) are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to assess and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
[Source 2018][More on Governance]
This company received a score of 66.6/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
[Source 2017][More on Sustainability Reporting]
In 2015 the Fair Finance Guide ranked the top financiers of selected fossil fuels companies (loans & underwriting) and compared it to their financing of renewable energy. This bank appeared 22nd in the list of top 25 fossil fuel funders, after providing US$14.1 billion for fossil fuels and only US$7.9 billion for renewable energy between 2009 and 2014.
[Source 2015][More on Climate Change]
The 2018 report "Banking on Climate Change" analyses 36 banks and their financing of tar sands oil, Arctic oil, ultra-deepwater oil, LNG, coal mining, and coal-fired power between 2015 and 2017. This bank invested over US$4.2 billion and received a D grade for its policies.
[Source 2018][More on Climate Change]
Bank Santander supports arms through the supplying of financial products to businesses that produce bombs, explosives, missiles, nuclear weapons and depleted uranium, among others.
[Source 2012][More on Military]
This document from BankSecrets.org outlines a number of harmful investments made by this bank between 2005 and 2009, including investments in a major weapons producer, a controversial hydropower project in Chile, and Walmart.
[Source 2009][More on Human Rights]
The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested into 20 companies involved in the production, maintenance and modernization of nuclear weapons. Since 2014 this financial institution invested over US$1.9 billion into 6 of the 20 nuclear weapons producers named in the report.
[Source 2018][More on Nuclear]
This company appears on the 2020 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
[Source 2020][More on Human Rights]
This bank is a member of the Banking Environment Initiative, which was created in 2010 by the chief executives of some of the world's largest banks. Its stated mission is to lead the banking industry in collectively directing capital towards environmentally and socially sustainable economic development.
[Source 2018][More on Governance]
Green Bonds enable capital-raising and investment for new and existing projects with environmental benefits. The Green Bond Principles are voluntary process guidelines that recommend transparency and disclosure and promote integrity in the development of the Green Bond market by clarifying the approach for issuance of a Green Bond.
[Source 2018][More on Multi-Stakeholder Initiatives]
In 2019, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of C.
[Source 2019][More on Climate Change]
In 2019, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security Score of C.
[Source 2019][More on Human Rights]
Fair Finance Guide International's 2015 report about transparency and accountability in the Financial Sector assessed and scored banks on four key aspects: publication of policies and risk management; disclosure of investments; reporting on engagement with companies and voting behaviour; and stakeholder dialogue. The report also scored those banks on their transparency on tax-related issues, including the extent to which they provided detailed, country-by-country information on key indicators on transparency and tax. The report places assessed banks in three categories: leaders, followers and laggards. This bank scored 5/10 (Follower) on the Transparency and Accountability theme, and 4.5/10 (Follower) on the Taxes and Corruption theme.
[Source 2015][More on Governance]
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. BankTrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. Follow the link to see this bank's profile.
|Company Structure||Public company|
|Revenue||US$14.3 billion in 2011|
|# Employees||193,349 in 2011 in World|