BankTrack news BankTrack blog Partner news Partner blog

Santander’s support for Carbon Measures risks enabling a major setback for climate accountability

In October 2025, Banco Santander became a founding signatory of Carbon Measures, a new emissions-accounting initiative launched by a group of major industrial players. While the initiative is marketed as a technical upgrade to carbon accounting, its implications are far more troubling. The model promoted by Carbon Measures threatens to weaken global climate accountability at the very moment governments…

2026-01-06 | Nijmegen | BankTrack

Blog

BankTrack news BankTrack blog Partner news Partner blog

Santander’s support for Carbon Measures risks enabling a major setback for climate accountability

BankTrack blog

2026-01-06 | Nijmegen | BankTrack

Blog

BankTrack news BankTrack blog Partner news Partner blog

Financial institutions urged to follow UKEF and Atradius DSB in withdrawing from Mozambique LNG

2025-12-18 | Maputo | BankTrack, Friends of the Earth Japan, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Reclaim Finance

Blog

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Europe’s largest banks stalling on climate action as risks accelerate

2025-12-11 | ShareAction

Blog

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NGOs submit first formal Equator Principles complaint against MUFG and potential financiers of the Papua LNG project

2025-12-10 | Port Moresby/Melbourne/Tokyo/Paris/London | Asian Peoples’ Movement on Debt and Development (APMDD), Centre for Environmental Law and Community Rights (PNG), Japan Center for a Sustainable Environment and Society, Jubilee Australia Research Centre, Market Forces, Reclaim Finance

Blog

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Banking industry's biggest steel client ArcelorMittal hit with complaint over climate inaction

2025-12-09 | BankTrack, Opportunity Green

Blog

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New mapping project reveals surge in LNG expansion

2025-12-02 | New York, London, Paris, Seoul | BankTrack, urgewald, Andy Gheorghiu, Center for Energy, Ecology and Development (CEED), Food and Water Watch, Les Amis de la Terre France, Market Forces, Rainforest Action Network, Reclaim Finance, ReCommon, SFOC, Stand.earth

Blog

BankTrack news BankTrack blog Partner news Partner blog

Gitanyow hereditary chiefs to major banks & pensions: Investing in Ksi Lisims LNG a major risk

Letter endorsed by 125+ civil society organizations

2025-12-02 | Gitanyow Lax’yip (Northwestern British Columbia, Canada) | Gitanyow Hereditary Chiefs, Stand.earth

Blog

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Bank policy scan: HSBC accelerates backsliding on fossil fuel commitments

While attention has focused on HSBC’s new net-zero transition plan, the bank has simultaneously weakened core sustainability risk policies.

2025-12-01 | BankTrack

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Extensive financial ties between European financial institutions and companies linked to occupation, apartheid and genocide in Palestine

2025-11-25 | BankTrack, Don't Buy Into Occupation

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Spotlight

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Receive a round up of all things climate, nature and human rights in ArcelorMittal's global operations in your inbox, four times a year. 

New report: Banking on Biodiversity Collapse 2025
After ten years of paper promises, it’s time to regulate finance

Pollution Generale: Burning the planet, responsibly.
Sometimes, even environmentalists need a day off. That's why this bank funded coal production through loopholes in its own coal policy. Made by Serious People.

Target Dodgy Deals

CoreCivic

United States | company

Simandou Iron Ore Project

Guinea | project

East African Crude Oil Pipeline (EACOP)

Uganda | project

Mozambique LNG

Mozambique | project

JSW Utkal Steel plant and captive coal power station

India | project

Perusahaan Listrik Negara (PLN)

Indonesia | company

Adani Group

India | company

GEO Group

United States | company

All Dodgy Deals

Focus banks

UBS

Switzerland

On October 28th, the Swiss OECD National Contact Point announced that UBS had refused mediation with BankTrack and Worth Rises over an OECD complaint on the bank's private prison investments - the first time a European commercial bank has refused OECD complaint mediation.

Banco Santander

Spain

BankTrack is calling on Banco Santander to abandon its support for Carbon Measures, a flawed carbon accounting scheme backed by Exxon which risks enabling a major setback for climate accountability.

HSBC

United Kingdom

In November, HSBC published its Sustainability Risk Policies Framework. The bank removed previous commitments and opened the door for more fossil fuel financing.

ANZ

Australia

A recent report from Market Forces highlights ANZ as the biggest funder of fossil fuels among Australian banks, having loaned or arranged over $15.9 billion for Exit List companies in the last decade.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

All campaigns and projects

Latest publications

    
    Banking on Biodiversity Collapse 2025

                    2025-11-05 00:00:00
                     |
                    
                        Forests & Finance                    
                                    
    EACOP Finance Risk Update #6

                    2025-10-23 00:00:00
                     |
                    
                        BankTrack & partners                    
                                    
    Mining and Money 

                    2025-09-03 00:00:00
                     |
                    
                        Forests & Finance Coalition including: Rainforest Action Network, TuK Indonesia, Profundo, Amazon Watch,
Milieudefensie, CED Cameroon, Repórter Brasil, BankTrack, Sahabat Alam Malaysia,
Friends of the Earth US and Observatório da Mineração                    
                                    
    Banking on climate chaos 2025

                    2025-06-17 00:00:00
                     |
                    
                        BankTrack, urgewald, Center for Energy, Ecology and Development (CEED), Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club