- Cost of living challenges impacting household incomes
- Rapid increase in inflation
- Rising interest rates
- International unrest
- Climate change and environmental degradation
- Data availability and quality for ESG reporting
- Complexity of calculating financed emissions
Santander UK Group Holdings plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Santander UK Group Holdings plc disclosed greenhouse gas emissions of 5.4K tCO2e. By scope: Scope 1: 2.8K tCO2e; Scope 2: 84 tCO2e (market based); Scope 3: 2.5K tCO2e (business travel only). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.4K tCO2e
2023
Renewable Energy
100% (REGO-backed renewable electricity)
of total energy
Water Usage
123.4K m3
2023
Waste
1.7K tons
2023
Energy Use
93.4M kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.8K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 84 tCO2e (market based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.5K tCO2e (business travel only) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.4K tCO2e |
| 2022 | 5.8K tCO2e |
| 2021 | 6.3K tCO2e/year |
| 2020 | 6.5K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced emissions by 45% from 2019 baseline (on track to meet 2025 target)
- Provided 3,086 EnergyFact reports to mortgage holders (total 14,640 since 2021)
- Issued more than £1.3bn of green auto finance in the UK since 2021
- Raised and facilitated over £659m in sustainability-linked finance in 2023
- Won a World Green award for responsible procurement in 2023
- Won a Chartered Institute of Procurement and Supply award for a Scope 3 community insight project
🎯 Climate & Sustainability Targets
🔜 Short-term
- Continue to enhance internal climate transition plan; further integrate with green finance and financial planning processes
- Launch test and learn propositions to support retail customers' net-zero transition
- Extend property strategy to 2030 and include supply chain emissions
- Undertake internal Climate Stress Test to inform future targets and risk appetite
📅 Medium-term
- £20bn of green finance raised and facilitated by 2025
- 180,000 customers supported to become greener by 2025
- 50% senior female employees by 2025
- 14% senior Asian, Black, and other Minority Ethnic employees by 2025
- 3 million people financially empowered by 2025
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
EnvironmentSocialGovernance