Banco Santander SA

Diversified Banks
SAN
$ 2.5 (4.2)%
Share price
$ 42 bn
Market Cap
$ 188 bn
Enterprise Value

Carbon footprint

0.82 Ton
GHG emissions per $ 1 mln investment
0.02x the weighted average for S&P 500
FY2020
How is this calculated?
-27%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2021
How is this calculated?

Banco Santander SA aims to achieve net zero for Scope 1 + 2 by 2050


This target has not been verified as science based according to SBTi
Banco Santander SA's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Banco Santander SA's GHG emissions (market-based) (Kt of CO2e)
Banco Santander SA's Carbon intensity (Tons per 1 USDm)

Banco Santander SA's carbon footprint

Banco Santander SA reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 153 Kt (-58 /-27.4% y-o-y). Also positively, carbon intensity plunged to 4.1 t (-0.6 /-12.8% y-o-y).

Banco Santander SA's Scope 3 emissions tumbled to 41 Kt (-80 /-66.3% y-o-y). This is a higher rate of decline than over the period since 4Q'16 (-21.1% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -5.1 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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