Santander scored 83 points out of 100 placing it in the 98thpercentile of all banks reviewed.
The bank is among the top three European banks in this index.
Santander has featured in the index, which assesses companies based on environmental, social and governance criteria, for the last 22 years.
Madrid, 10 December 2022.
Santander has ranked among the world’s most sustainable banks in the Dow Jones Sustainability Index 2022 and among the top three in Europe. The bank scored 83 points out of 100, placing it in the 98th percentile of all banks reviewed. Santander has featured on the Dow Jones Sustainability Index for the past 22 years. This index, an international corporate sustainability benchmark, measures companies’ sustainable performance against economic, environmental and social criteria.
The bank scored well in every category: economic (86), environmental (76) and social (83). It also highlighted areas where the bank has improved, such as financial inclusion, environmental and social reporting, and climate strategy, privacy protection and customer relationship management.
Santander has achieved good results in other similar benchmarks, including MSCI, Sustainalytics, CDP, ISS, Bloomberg Gender-Equality Index, FTSE4Good Index and Vigeo Eiris of Moodys.
The group ended the first half of the year as the world’s leader in renewable energy finance, with over 2.4 billion euros in 33 funding transactions and a worldwide market share of 6.4%, according to Infralogic’s ranking. In the past decade, Santander has been a leading bank in renewable energy finance, ranking among the top three in the world in number of transactions and the top five in funding volume.
In supporting the fight against climate change and the green transition, Santander continues to make progress on its goal to reach net zero carbon emissions group-wide by 2050, in line with the Paris Agreement. This year, Santander outlined three new interim targets to decarbonize its portfolios by 2030: a 29% reduction in absolute emissions financed in the energy sector; a 33% reduction in emissions intensity in aviation sector; and a 32% reduction in emissions intensity in the steel sector. The targets add to those the Group had announced in February 2021, which include a 46% reduction in emissions financed in the in the power generation sector.
To achieve these targets, Santander is focused on supporting customers in their green transition. Santander remains committed to earmarking €220 billion for green financing between 2019 and 2030, and has also set an intermediate target of €120 billion for 2025. As of September 2022, €78.7 billion had been mobilized.
Furthermore, Santander has financially empowered more than nine million citizens by providing access to the banking system, financial education and financing for individuals and SMEs with difficulties accessing credit. It has awarded more than 387,000 scholarships and grantsand has helped more than six million people through its community investment programmes, collaborating with NGOs and other social entities. The bank has been recently recognized as global Bank of the Year for Financial Inclusion by The Banker magazine.