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Santander Group sets ambition to be net zero by 2050, supported by first decarbonization targets | |
admin | |
2021-02-23 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 国际 |
领域 | 资源环境 |
正文(英文) |
Published: 23 Feb 2021
Type: Member Spotlight
Madrid, 22 February 2021 - To support the goals of the Paris Agreement on climate change, Santander is announcing today its ambition to achieve net-zero carbon emissions across the group by 2050. The ambition applies to the group’s own operations, which are net-zero since 2020, and all client emissions that result from any lending, advisory or investment services provided by Santander. To achieve this and help facilitate the transition to a low-carbon economy, by 2030 the bank will align its power generation portfolio with the Paris Agreement, and has also today published its first decarbonization targets:
These are Santander’s first decarbonization targets for its financial activities and affect material carbon-emitting sectors. The bank will provide further details of its roadmap to achieving its net zero emissions ambition in its Climate Finance report, which will be published later this year. The group will share decarbonization targets for other material sectors no later than September 2022, including oil & gas, transport, and mining & metals. Ana Botín, Banco Santander executive chairman, said: “Climate change is a global emergency. As one of the world’s largest banks, with 148 million customers, we have a responsibility and an opportunity to support the green transition and encourage more people and businesses to go green. There is much, much more to be done, but today’s commitments are important steps on the journey.” Working together with customers to support them in their transition to reduce carbon emissions will be key to achieving the net zero ambition. The bank will actively engage with customers to help support and enable this transition. Santander has specialist environmental, social and governance (ESG) teams in Santander Corporate & Investment Banking (Santander CIB) and Wealth Management to support that process, is working with the Banking Environment Initiative to develop a framework for client engagement, and is a signatory to Climate Action 100+ to promote action on climate change among the world’s largest corporate greenhouse gas emitters. As a signatory to the UN Principles for Responsible Banking and the Principles for Responsible Investment (PRI), and as a member of the Institutional Investors Group on Climate Change (IIGCC), we follow international best practices and standards. The targets announced are a first step towards Santander fulfilling the UN’s Collective Commitment to Climate Action (CCCA), to which the group was a founding signatory in September 2019. Governments within most of the countries Santander serves have set an ambition towards net zero. Banco Santander will work to achieve its net-zero ambition in three ways. 1. Aligning Santander’s portfolio to meet the Paris Agreement goals To achieve this, Santander will:
Santander will continue to disclose its progress integrating climate change initiatives into its processes and policies and providing information about its climate performance and progress in fulfilling its Collective Commitment to Climate Action and its net-zero ambition announced today. 2. Supporting the transition to a green economy Santander is already playing a major role in helping to tackle climate change and enabling the transition to the green economy. At the end of 2020, Santander CIB was the world leader in renewable financing, according to Dealogic. In 2020, the bank helped finance greenfield renewable energy projects with a total installed capacity of 13,765 megawatts (MW), enough to power 10.3 million households, and avoid 60 million tons of CO2 emissions. The bank aims to:
3. Reducing Santander’s own environmental footprint Santander has now achieved carbon neutrality in its own operations by using renewable energy and other efficiency initiatives and offsetting any remaining emissions. The bank has created a carbon-offset scheme comprising five projects, which have been certified as meeting recognised international standards, including the Gold Standard, the Verified Carbon Standard (VCS), and the Kyoto Protocol’s Clean Development Mechanism (CDM). These projects are the 'Oaxaca III' wind power project in Mexico; reforestation in Guadalajara, Spain; the "Salto Pilão" hydroelectric plant in Brazil; the N2O emissions abatement project in Krefeld, Germany; and gas recovery at the Bluesource landfill in Spartanburg, South Carolina, USA. The bank is also progressing toward other targets set in 2019:
More information available here. Read more about Santander's journey to net-zero, with this insight article by Ana Botin 1 Transport includes autos & trucks, shipping, airlines & airfreight, trains and transit systems (including the manufacturing of vehicles, ships, etcetera). |
URL | 查看原文 |
来源平台 | World Business Council for Sustainable Development |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/316473 |
专题 | 资源环境科学 |
推荐引用方式 GB/T 7714 | admin. Santander Group sets ambition to be net zero by 2050, supported by first decarbonization targets. 2021. |
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