- Fostering sustainable activities
- Tackling global challenges to support inclusive growth
- Increase transparency and efficiency through governance
Banco Santander, S.A. (Santander)
Carbon Emissions & Sustainability Report
CO₂ Emissions
172.7K t CO2e (market based)
Q1 2024
Renewable Energy
97%
of total energy
Reduction
72.8%
since 2011
Energy Use
805 million kWh
Q1 2024
📊 Emissions Breakdown (Q1 2024)
Scope 1
Direct emissions
25.8K t CO2e
Scope 2
Electricity
21.5K t CO2e
Scope 3
Supply chain
125.4K t CO2e
📈 Historical Emissions
Q1 2024
172.7K t CO2e (market based)
2023
17.3K tCO2e/year
2022
Under review (Scope 1); 707.1 tCO2e (Scope 2, location-based); 80.2 tCO2e (Scope 3, flights); 627 tCO2e (Scope 3, commuting)
2021
118.5K tonnes CO2e (market-based)
2012
531.8K tCO2e/year
2011
635.4K tCO2e/year
✅ Key Environmental Achievements
- 97% of electricity used from renewable resources
- €115.3 bn of Green Finance mobilized since 2019
- €6.5 bn in the financing of electric vehicles in 2023
- Reduced emissions intensity in several sectors (power generation, energy, aviation, steel, auto manufacturing)
🎯 Future Goals
🔜 Short-term
- Raise or facilitate €120 bn in green finance by 2025
📅 Medium-term
- Raise or facilitate €220 bn in green finance by 2030
- Reduce net emissions by half for 50% of AUM in-scope by 2030 (Wealth Management)
🔭 Long-term
- Net-zero carbon emissions by 2050
🌱 ESG Focus Areas
Climate ChangeFinancial InclusionGovernanceGreen Finance