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Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander Mexico
Santander Mexico's GHG Emissions Data Preview
In 2024, Santander Mexico 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).
Santander Mexico has also provided a category-level breakdown for 2 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
a
aVerified Sources Behind Santander Mexico’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 Santander Mexico’s data sources below and access millions more through our Disclosure Search.
Insights into Santander Mexico's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSantander Mexico amounted to66,395metric 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 Santander Mexicoincreased by 8.43%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Santander Mexico's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Santander Mexico's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Santander Mexico were 6,751 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Santander Mexico reduced its Scope 1 emissions over time?
Since 2019, Santander Mexico's Scope 1 emissions have increased by 179.65%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Santander Mexico's Scope 1 emissions increased by 217.74%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Santander Mexico's Scope 2 emissions?
In 2024, Santander Mexico reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 59,644 tCOâ‚‚e using the location-based method.a
Has Santander Mexico reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Santander Mexico's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Santander Mexico's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Santander Mexico use for Scope 2 reporting?
In 2024, Santander Mexico reported its Scope 2 emissions using the market-based method and using the location-based method.a
Santander Mexico's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Santander Mexico's Value Chain Emissions
In 2024, Santander Mexico reported 12,556 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Santander Mexico includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Santander Mexico's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Santander Mexico's Scope 3 emissions?
In 2024, Santander Mexico reported total Scope 3 emissions of 12,556 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
Compared to the previous year (2023), Santander Mexico's Scope 3 emissions increased by 498.31%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does Santander Mexico disclose?
In 2024, Santander Mexico reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Santander Mexico's Scope 3 emissions?
In 2024, the largest contributors to Santander Mexico's Scope 3 emissions were:a
- Employee Commuting (Cat. 7): 10,753 tCOâ‚‚e(85.64%)
- Business Travel (Cat. 6): 1,802.51 tCOâ‚‚e(14.36%)
Santander Mexico's Scope 3 Emissions by Categories
Insights into Santander Mexico's Total Carbon Footprint
In 2024, Santander Mexico reported a total carbon footprint of 78,951 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 24.66% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Santander Mexico's total carbon footprint was Scope 2 emissions, accounting for 75.55% of the company's total carbon footprint, followed by Scope 3 emissions at 15.9%.a