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SAN share (Madrid) Negativo_GB 4.128 | -0.45% | 17:35

Santander Chile Carbon Neutral seal awarded

  • The British firm The CarbonNeutral Company presented this certificate to the Bank in Chile, accrediting that its activities contribute to good environmental management.

6 de junio. The Santander Group, as part of its sustainability policy, pays particularly close attention to environmental protection and the fight against climate change in the development of its banking activities. It controls consumption and emissions in its facilities, analyses the social and environmental risk of credit operations, and encourages the use of renewable energies and energy efficiency.

In this respect, Santander Chile, having measured its carbon footprint for the first time at its management convention, held on 4th May, received the Carbon Neutral seal from The CarbonNeutral Company, the most renowned company in the sector. This certificate guarantees that net emissions of carbon dioxide generated through the travel of management executives for the convention were zero.

To achieve this, Santander Chile compensated the total emission of carbon dioxide generated at the convention, 66 tonnes of CO2 (use of electricity, use of paper, transportation and the transfer of materials, etc.) by investing in carbon bonds for the generation of energy through Biomass. Compensation is carried out through the Puerto Montt energy replacement project known as the Thermal Energy Project. This project should neutralise around 19,250 tonnes of carbon dioxide, equivalent to the circulation of 4,500 automobiles in Santander Chile a year.

"The Santander Group's corporate policy promotes environmental protection, conservation and recovery, and the fight against climate change. In Chile, we cannot be left behind in such initiatives. We want to raise the awareness of our organisation's senior executives about the importance of environmental management", said María Cristina Marcet, head of Sustainability at Santander Chile. 

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