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Last update: 2016-09-20 16:27:40
Karen Vermeer, BankTrack
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Banco Santandar S.A., founded in 1857 in Santander, Spain. The group has expanded since 2000 through a number of acquisitions, with operations across Europe, Latin America, North America and Asia. Together with its subsidiaries, it provides various retail and commercial banking products and services for both individual and commercial clients.
Santander Group City. Avda. de Cantabria s/n
28660 Boadilla del Monte (Madrid)
Mr. José Antonio Álvarez |
CEO, Second Vice Chairman
2015 Annual Report|
2015 Sustainability Report
listed on BM&F Bovespa, Bolsa de Madrid, Borsa Italia, London Stock Exchange & NYSE Euronext
Voluntary initiativesSantander has committed itself to the following voluntary standards:
- Banking Environment Initiative
- Carbon Disclosure Project
- Dow Jones Sustainability Indices
- Equator Principles
- Global Reporting Initiative
- Principles for Responsible Investment
- Roundtable for Responsible Soy (RTRS)
- Soft Commodities Compact
- UNEP Finance Initiative
- United Nations Global Compact
- Wolfsberg Principles
- World Business Council for Sustainable Development
Santander's sustainability policies can be found here.
BankTrack campaigns and Santander
True leader Front runner Follower Laggard
BankTrack has assessed Santander on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Santander is assessed as a Follower, with a total score of 3.5/12.
Implementation and reporting
Santander is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Santander and ABN AMRO refuse to renew loans to APRIL
In February, Santander announced its decision not to renew or provide further funding to APRIL, an Indonesian pulp and paper company responsible for large scale deforestation and social conflcits, following months of campaigning inlcuding a Greenpeace petition. Less than two weeks later, ABN AMRO followed suit, telling Greenpeace it will not provide APRIL with new loans until the company stops clearing rainforests and proves that it operates sustainably.
UPDATE: ABN AMRO appears to have resumed lending to APRIl as of May 2016, without communicating a change of policy.
Santander Bank reports suspension of funding for controversial Brazilian dam
Santander stated that it has suspended its funding for Brazil's hugely controversial Santo Antonio dam, citing environmental and social concerns. The decision is a serious blow to the project, one of a series of dams planned for the Amazon that have prompted protests in Brazil and around the world. Read more at Survival International.