Santander also participates actively and is part of the main initiatives and working groups, at local and international level, which promote sustainable development.

The Group Executive Chairman, Ana Botín, is a member of the executive committee and the Bank participates in the WBCSD Future of Work initiative, by looking into how to adapt its own business and human resource strategy to evolve with the digital age.

More information:: WBCSD

A group of international banks convened by the Chief Executives of its members to identify ways to collectively direct capital towards environmentally and socially sustainable economic development.

Santander participates in two climate related work streams, the Soft Commodities Compact and the new initiative Bank 2030 which aims to build a roadmap for the banking industry to 2030 seeking to increase the financing to low carbon activities.

More information: BEI

Global partnership between the United Nations Environment Programme and the financial sector which aims to promote sustainable finance.

Together with 27 other banks, Santander promotes the principles for responsible banking of the United Nations. The Principles provide the banking industry with a single framework that embeds sustainability across all business areas. The Principles align banks with society’s goals as expressed in the Sustainable Development Goals and the Paris Climate Agreement. Transparency, accountability, governance, target setting and working with all stakeholders towards positive impacts are at the core of the Principles and will help banks increase their contribution to address global challenges.

Santander also participates along with other 15 banks in 2018 in the UNEP FI pilot project on implementing the TCFD recommendations for banks.

More information: UNEP Finance Initiative

Santander is committed to the development of its business activity with the ten principles of the Global Compact, demanding its suppliers to assume and also comply with them.

More information: United Nations Global Compact

Since 2018 we have been part of a private sector alliance for financial inclusion, led by Queen Máxima of the Netherlands, Special Representative of the United Nations, to promote inclusive financing for development. The Partnership has concluded by end of 2023.

More information: CEO Partnership for Financial Inclusion

These principles are the reference for the financial sector to asses and manage environmental and social risk of projects.

Santander analyses the environmental and social risks of all financing operations of projects that are under the scope of the principles of Ecuador and participates actively in the evolution of the criteria.

More information: Equator Principles

A United Nations initiative that aims to disseminate the implications of sustainability among investors to contribute to sustainable development and help its signatories to incorporate them.

Santander manages the pension funds of employees in Spain and Brazil applying criteria of responsible investment.

More information: Principles of Responsible Investment

Interbank offered rates (IBORs) such as London Interbank Offered Rate (LIBOR), Euro Interbank Offered Rate (EURIBOR) or Euro Overnight Index Average (EONIA) are a measure of the interest rate banks were willing to pay one another to lend or borrow cash. Some IBORs are transitioning to new or amended benchmarks or have been reformed. 

More information: IBOR Transition (Download PDF)

Wolfsberg Group; Round table on responsible soy; Sustainable livestock working group; CDP (formerly Carbon Disclosure Project); Climate Leadership Council.