Key actions include immediate charitable contributions to support organizations focused on racial equity, new employee engagement programs, plus a multi-year financial commitment to address racial injustice in communities
BOSTON – July 2, 2020.
Santander US announced today steps it is taking to redouble its commitment to racial equity and justice. These latest actions support Santander’s commitment to social equity across its businesses and in the communities it serves. The initiatives include both immediate and longer-term programs. Among them:
Near-term Initiatives and Giving
“The actions we are announcing today are part of the ongoing work that Santander is doing to help make our country, our communities and our company places where equality and justice prevail,” said Tim Wennes, Santander US CEO. “This starts with listening to our Black colleagues and hearing their perspectives, engaging in meaningful conversations with community leaders about racial inequality and how to help eradicate it, and providing financial support to organizations dedicated to bringing about real change for people of color.”
In addition to its financial commitments, Santander will encourage employees to volunteer and donate to nonprofit organizations dedicated to social equity and the empowerment of Black and underserved people and communities. Employees can take advantage of Santander’s Volunteer Paid Time off program to volunteer virtually or in person, and Santander Bank employees can utilize SBNA’s matching gift program to help their charitable contributions make an even greater impact. Santander will also continue the important work of assessing the feedback around inclusion and equal opportunity from employee focus groups, and promoting its already established diversity training and resources, which are widely available to all employees.
Santander US’ review of its businesses, people, philanthropic and community investment practices to ensure alignment with its social equity goals is ongoing. We stand with our colleagues, customers and communities in the fight for social justice and the eradication of systemic racism in our communities and places of work.