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Created before Nov 2016
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
Sustainability Report 2016|
Annual Report 2016
listed on BM&F Bovespa, Bolsa de Madrid, Borsa Italia, London Stock Exchange & NYSE Euronext
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Dodgy Deals map
La Société Générale priée de renoncer à financer la centrale charbon de Punta Catalina
Dominicans on the march against Punta Catalina kickbacks, and want financiers out of the coal plant project
Odebrecht corruption in Dominican Republic – Five European banks urged to pull out of dirty coal plant financing
Odebrecht $92 million bribe: Just hours to deadline, utility produces papers
New report finds banks betting on climate change
European banks warned over raid on pension funds to finance disputed coal plant in Dominican Republic
APRIL announces new sustainability policy after campaign pressure on its financiers
GREENPEACE UK ACTION: SANTANDER'S LENDING POLICY, SPECIFICALLY WITH REGARDS TO DEFORESTATION
Call for banks to divest from APRIL
Banks not yet living up to UN human rights principles, finds BankTrack
Belo Monte dam does not meet sustainability criteria of world's private banks, say rights groups
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
Cluster bombs manufactured in Spain in 2007 and used by Gaddafi to bomb Misrata were financed by Spanish banks
European banks provide fuel for the conflict in Sudan
New rules for Equator Principles, but no new commitments from banks
Los bancos puntúan bajo en sostenibilidad, transparencia y responsabilidad
BankTrack calls upon banks to Close the Gap on investment policies
Equator Principles: Action, not words needed
BankTrack members unveil bank secrets
Spain’s Banco Santander Criticized for Hypocrisy
Major banks facilitate corruption in world's poorest countries; government regulation is not working
Polêmicas ambientais e crise afastam financiamento de investidores privados
Banking with Principles? 2016 Update
Banking with Principles? 2016 Update
Banking with Principles?
The price of doing too little too late
Close the Gap
Intervention Luis Novoa - Red de Brasil sobre Instituciones Financieras Multilaterales at Santander AGM
Correspondencia: Ministerio de relaciones y cultos de la República de Bolivia al ministro de relaciones exteriores de la República Federerativa del Brasil
Pronunciamiento de los Pueblos Amazónicos de Bolivia y Brasil frente a la próxima reunión de los presidentes de los gobiernos de Bolivia y Brazil, Evo Morales e Ingácio Lula da Silva, sobre las represas del río Madera
30 Errors in the Environmental Impact Assesment for the Madeira River Hydroelectric Complex
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.
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. Santander adopted the Equator Principles in 2009.
Reporting on the Equator Principles
Santander must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Santander is involved in financing the following Equator Principles projects that BankTrack considers controversial.
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. ABN AMRO resumed lending to APRIl as of May 2016.
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.