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Banco Santander head office. Photo: Author Year of the dragon via Wikimedia Commons (CC-BY-SA 3.0)About Banco Santander
Banco Santander, founded in 1857, is a Spanish bank and the fifth largest bank in Europe in terms of assets. The bank has expanded since 2000 through a number of acquisitions and has operations across Europe, Latin and North America America and Asia. Together with its subsidiaries, it provides various retail and commercial banking products and services for both individual and business clients. In June 2017 Banco Santander acquired Banco Popular Espagñol (see on record profile).
| Website | http://www.santander.com |
| Headquarters |
Santander Group City. Avda. de Cantabria s/n
28660 Boadilla del Monte, Madrid
Spain
|
| CEO/chair |
Mr. José Antonio Álvarez Álvarez CEO |
| Supervisor | |
| Annual report | Annual report 2020 |
| Ownership |
listed on Bolsa de Madrid, Borsa Italia, Brazil Stock Exchange, London Stock Exchange & NYSE
Banco Santander's shareholder structure can be accessed here. |
| Subsidiaries |
Banco Popular Espanol – Spain
|
| Complaints and grievances |
Banco Santander does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. However, the bank can be contacted at sostenibilidad@gruposantander.com. |
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Dodgy Deals map
Policy Assessments
Banks, climate and energy
Bank policy scores on fossil fuel financing
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A bank can obtain a total of 200 policy points for its fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.
Bank policy scores on fossil fuel expansion
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The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.
The point-based policy ranking for fossil fuel expansion consists of the following distribution:
- Coal mining: 14 points
- Coal power: 14 points
- Other coal: 7 points
- Tar sands: 7 points
- Arctic oil and gas: 7 points
- Offshore oil and gas: 7 points
- Fracked oil and gas: 7 points
- LNG: 7 points
- Other oil and gas: 12 points
A bank can obtain a total of 82 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards, followers, front runners or leaders.
Bank policy scores on oil and gas financing
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For tar sands, Arctic oil and gas, fracked oil and gas, offshore oil and gas and LNG, 18 possible policy points can be obtained. For other/conventional oil and gas, 30 policy points can be obtained. In total, a bank can score a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.
Bank policy scores on tar sands
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The point-based policy ranking above assesses bank policies in four ways:
1) Restriction on direct financing for tar sands projects.
-
None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)
2) Restriction on financing for companies that expand tar sands.
-
None (0), weak exclusion (2), strong exclusion (4)
3) The bank’s commitment to phase-out financing for tar sands.
-
None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.
-
None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 18 policy points for its tar sands policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.
Bank policy scores on Arctic oil and gas
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The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for Arctic oil and gas projects.
- None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)
2) Restriction on financing for companies that expand Arctic oil and gas.
- None (0), weak exclusion (2), strong exclusion (4)
3) The bank’s commitment to phase-out financing for Arctic oil and gas.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 18 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.
Bank policy scores on offshore oil and gas
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The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for offshore oil and gas projects.
- None (0), weak exclusion (1), strong exclusion (3)
2) Restriction on financing for companies that expand offshore oil and gas.
- None (0), weak exclusion (2), strong exclusion (4)
3) The bank’s commitment to phase-out financing for offshore oil and gas.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 18 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.
Bank policy scores on fracked oil and gas
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The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for fracked oil and gas projects.
- None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)
2) Restriction on financing for companies that expand oil and gas fracking.
- None (0), weak exclusion (2), strong exclusion (4)
3) The bank’s commitment to phase-out financing for oil and gas fracking.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 18 policy points for its fracking policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.