- Fostering sustainable activities
- Tackling global challenges to support inclusive growth
- Increase transparency and efficiency through governance
Banco Santander, S.A. (Santander)
Greenhouse gas emissions & sustainability report data
In its Q1 2024 reporting, Banco Santander, S.A. (Santander) disclosed greenhouse gas emissions of 172.7K t CO2e (market based). By scope: Scope 1: 25.8K t CO2e; Scope 2: 21.5K t CO2e; Scope 3: 125.4K t CO2e. 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
172.7K t CO2e (market based)
Q1 2024
Renewable Energy
97%
of total energy
Energy Use
805 million kWh
Q1 2024
📊 Emissions by Scope (Q1 2024)
| 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). | 25.8K t CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 21.5K t CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 125.4K t CO2e |
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 |
|---|---|
| Q1 2024 | 172.7K t CO2e (market based) |
| 2023 | 17.3K tCO2e/year |
| 2022 | Under review (Scope 1); 707.1 tCO2e (Scope 2, location-based); 80.2 tCO2e (Scope 3, flights); 627 tCO2e (Scope 3, commuting) |
| 2021 | 118.5K tonnes CO2e (market-based) |
| 2012 | 531.8K tCO2e/year |
| 2011 | 635.4K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 97% of electricity used from renewable resources
- €115.3 bn of Green Finance mobilized since 2019
- €6.5 bn in the financing of electric vehicles in 2023
- Reduced emissions intensity in several sectors (power generation, energy, aviation, steel, auto manufacturing)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Raise or facilitate €120 bn in green finance by 2025
📅 Medium-term
- Raise or facilitate €220 bn in green finance by 2030
- Reduce net emissions by half for 50% of AUM in-scope by 2030 (Wealth Management)
🔭 Long-term
- Net-zero carbon emissions by 2050
🌱 ESG Focus Areas
Climate ChangeFinancial InclusionGovernanceGreen Finance