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How long will Santander continue to profit from Polish coal expansion?
The Spanish bank's use of ‘ESG loans’ for companies with fossil fuel expansion plans is part of a dangerous new trend
Banco SantanderSpain
Created before Nov 2016
Last update: 2019-03-11 17:27:03
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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 S.A. is a Spanish bank, founded in 1857. The bank 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 business clients. In June 2017 Banco Santander acquired Banco Popular Espagñol (link to profile).
| Website | http://www.santander.com |
| Headquarters |
Santander Group City. Avda. de Cantabria s/n
28660 Boadilla del Monte, Madrid
Spain
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| CEO/chair |
Mr. José Antonio Álvarez Álvarez CEO |
| Supervisor | |
| Annual report | Annual report 2018 |
| Ownership |
listed on Bolsa de Madrid, Borsa Italia, Brazil Stock Exchange, London Stock Exchange & NYSE Euronext
Banco Santander's share holder structure can be accessed here. |
| Subsidiaries |
Banco Popular Espanol – Spain (profile)
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Related Dodgy Deals
Banco Santander has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Projects - active profiles
Punta Catalina-Hatillo coal power plant Dominican Republic profile
There are no active projects for Banco Santander now.
Projects - on record profiles
Annova LNG Terminal United States profile
Atlantic Coast Pipeline United States profile
Block 31, Yasuni National Park Ecuador profile
Grasberg gold and copper mine Indonesia profile
Great Barrier Reef Coal & Gas Exports Australia profile
Jaitapur nuclear power plant India profile
MGT Teesside biomass power station United Kingdom profile
Mountain top removal coal mining United States profile
Offshore Detention Centres Australia profile
Rio Madeira dams: Jirau and Santo Antonio Brazil profile
SOCAR Aegean Refinery Turkey profile
Companies - active profiles
APRIL Indonesia profile
Arauco Chile profile
Klabin Brazil profile
Polska Grupa Energetyczna (PGE) Poland profile
RWE Germany profile
Vale Brazil profile
There are no active companies for Banco Santander now.
Companies - on record profiles
Alpha Natural Resources United States profile
Anglo American United Kingdom profile
Arch Coal United States profile
Areva France profile
BHP Billiton Australia profile
Eletrobras Brazil profile
ENGIE France profile
Glencore Switzerland profile
Marubeni Japan profile
Rio Tinto Australia profile
Dodgy Deals map
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Media
Photos from Re:Common's Punta Catalina fact-finding mission
Santander on the front page
Photos from the Santander Annual Shareholder Meeting
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Photos from the Santander Share 'Giveaway' action
Links
Policies
Voluntary initiatives
Banco Santander 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 Banking (PRB)
- Principles for Responsible Investment
- Roundtable for Responsible Soy (RTRS)
- Soft Commodities Compact
- Task Force on Climate-related Financial Disclosures
- UNEP Finance Initiative
- United Nations Global Compact
- Wolfsberg Principles
- World Business Council for Sustainable Development
Investment policies
Banco Santander's webpage on corporate social responsibility can be accessed here.
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Campaigns
Banco Santander and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Banco Santander adopted the Equator Principles in 2009.
Reporting on the Equator Principles
Banco Santander must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Banco Santander is in compliance with its reporting obligations. The 2017 report can be found here.
Dodgy Deals
Banco Santander is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Human rights
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True leader
Front runner
Follower
Laggard
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BankTrack has assessed Banco Santander on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Banco Santander is assessed as a Follower, with a total score of 3.5/12.
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Equator Principles
Implementation and reporting
Banco Santander is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Good moves
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