This award reflects the initiatives that the institution has implemented to support its customers in the transition to a greener economy and thus combat climate change.
19 August 2021
Santander continues to win international recognition for its work on sustainability. On this occasion, Global Finance highlighted Santander Chile in the “Outstanding Leadership in Sustainable Finance” category for Latin America, an award also received by the Mexican subsidiary. This reflects the initiatives that the Group has undertaken to support its clients in the transition to a greener economy and thus combat climate change.
“The efforts to respect the environment while conducting our business are valued at international level and this speaks to the concrete actions we have taken to help combat global warming using our experience. At local level, we have provided several Sustainability-Linked Loans (SLLs), a financing alternative for companies that also has a positive impact on communities and the planet,” said Miguel Mata, general manager of Santander Chile. He added that “we will continue to work tirelessly to deepen this market in our country and, at the same time, to reduce our own carbon footprint through responsible waste management, renewable energy use, and other measures.”
This work reflects Santander Group’s commitment to contribute to the UN Sustainable Development Goals and to ensure that it carries out its activities in a responsible manner. Among the various objectives set by the Group is support for customers in the transition to a green economy, mobilising €120,000 million between 2019 and 2025 and €220,000 million between 2019 and 2030 in green funding to help address climate change.
These initiatives have enabled it to carve out a position internationally in the area of green finance. In fact, Santander Chile is the only local bank included in the Dow Jones Sustainability Emerging Markets Index, a global benchmark for investors.