Steffen Kram will lead the new team as Global Head of the Environmental, Social and Governance (ESG) Solutions.
The new unit will partner with global coverage and product teams, providing strategic solutions tailored to specific industries and geographies.
Madrid, September 2nd 2020 - PRESS RELEASE
Santander Corporate & Investment Banking (Santander CIB) announced today the creation of a dedicated team to boost its offering in the area of Environmental, Social and Governance (ESG) solutions. This new global team, headed by Steffen Kram, will partner closely with product teams across our platform to support our clients by providing strategic solutions as well as product and financing structures tailored to specific industries, geographies and market sectors, helping our clients in their transition towards a more sustainable business model.
Santander’s goal is to build a more responsible bank and has made a number of commitments to support this objective including raising over €120 billion euros in green finance between 2019 and 2025. This figure will increase to €220 billion euros in 2030 and includes the Group´s overall contribution to green finance: project finance, syndicated loans, green bonds, capital and export finance, advisory and other products.
In the most recent Dow Jones Sustainability Index Santander achieved the highest ranking among all banks.
José M. Linares, SEVP and Global Head of Santander CIB, said: "The creation of this team further reinforces our contribution to Santander Group´s responsible banking commitments to support inclusive and sustainable growth. We want to back our clients in their ESG transformation journey, helping them define and achieve their global sustainability objectives.”
Santander CIB - leveraging on a solid track record in renewables and strong product capabilities across its platform- is now evolving towards fully integrated ESG solutions, serving an increasing appetite and demand from corporate and institutional clients.
Being a leader in the area of sustainability has been a long-standing ambition for Santander CIB. To accomplish this key milestone, we need to support our clients in achieving their own ESG objectives.
Steffen Kram, Global Head of the Environmental, Social and Governance (ESG) Solutions, said: “This new team will build on Santander’s global footprint and its commitment to climate and environmental sustainability. We are a global leader in renewable energy financing and advisory. Our aim is to expand and transfer this expertise into other sectors and technologies crucial in the context of the energy transition.”
About Santander Corporate Investment Banking
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is one of the largest banks in the world by market capitalization. Its purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At the end of the first half of 2020, Banco Santander had more than a trillion euros in total funds, 146 million customers, of which 21.5 million are loyal and 40 million are digital, 11,800 branches and 194,000 employees.
Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports corporate and institutional clients, offering tailored services and value-added wholesale products suited to their complexity and sophistication, as well as to responsible banking standards that contribute to the progress of society.