Banco Santander SA
Banco Santander's GHG Emissions Data Preview
In 2024, Banco Santander completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Banco Santander has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
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aVerified Sources Behind Banco Santander’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Banco Santander’s data sources below and access millions more through our Disclosure Search.
Insights into Banco Santander's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Banco Santander amounted to 229,779 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Banco Santander decreased by 0.55%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Banco Santander's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Banco Santander's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Banco Santander were 35,503 metric tons of CO₂ equivalent (tCO₂e).a
Has Banco Santander reduced its Scope 1 emissions over time?
Since 2019, Banco Santander's Scope 1 emissions have increased by 28.29%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Banco Santander's Scope 1 emissions increased by 37.85%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Banco Santander's Scope 2 emissions?
In 2024, Banco Santander reported Scope 2 greenhouse gas (GHG) emissions of 24,350 tCO₂e using the market-based method and 194,276 tCO₂e using the location-based method.a
Has Banco Santander reduced its Scope 2 emissions over time?
Since 2019, Banco Santander's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 39.74%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Banco Santander's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Banco Santander's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Banco Santander use for Scope 2 reporting?
In 2024, Banco Santander reported its Scope 2 emissions using the market-based method and using the location-based method.a
Banco Santander's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Banco Santander's Value Chain Emissions
In 2024, Banco Santander reported 284,916,060 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Banco Santander includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Banco Santander's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Banco Santander's Scope 3 emissions?
In 2024, Banco Santander reported total Scope 3 emissions of 284,916,060 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Banco Santander reduced its Scope 3 emissions over time?
Since 2019, Banco Santander's Scope 3 emissions have increased by 235,428.16%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Banco Santander's Scope 3 emissions increased by 227,031.53%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Banco Santander disclose?
In 2024, Banco Santander reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Banco Santander's Scope 3 emissions?
In 2024, the largest contributors to Banco Santander's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 698,768 tCO₂e (62.61%)
- Capital Goods (Cat. 2): 216,388 tCO₂e (19.39%)
- Employee Commuting (Cat. 7): 82,569 tCO₂e (7.4%)
Banco Santander's Scope 3 Emissions by Categories
Insights into Banco Santander’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Banco Santander reported Scope 1 greenhouse gas (GHG) emissions of 35,503 tCO₂e and total revenues of USD 66,435 millions. This translates into an emissions intensity of 0.53 tCO₂e per millions USD.a
Banco Santander's Scope 1 Emissions Intensity Compared to Peers
How does Banco Santander's GHG emissions intensity compare to its peers?
In 2024, Banco Santander reported a Scope 1 emissions intensity of 0.53 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Banco Santander rank on GHG emissions intensity within its industry?
In 2024, Banco Santander ranked 12 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Banco Santander is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Banco Santander's Total Carbon Footprint
In 2024, Banco Santander reported a total carbon footprint of 285,145,839 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 79,887.5% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Banco Santander's total carbon footprint was Scope 3 emissions, accounting for 99.92% of the company's total carbon footprint, followed by Scope 2 emissions at 0.07%.a