Santander US Releases 2022 Prosperity with Purpose Report
28 Junho 2023 - 5:40PM
Business Wire
Second annual report featuring Santander US
commitments and impact across three core pillars: Empowering People
and Businesses, Fostering Inclusive Communities, and Supporting the
Green Transition
Santander Holdings USA, Inc. (“Santander US”) today released the
2022 Prosperity with Purpose Report, its annual Environmental,
Social and Governance report detailing current commitments and
efforts to help advance sustainability in our communities.
“Sustainability and inclusivity are core to our purpose of
helping people and businesses prosper,” said Tim Wennes, Santander
US CEO. “Santander Group is a global leader in sustainability
practices, and we remain committed to executing our US strategy
while providing access to financial education and resources,
advancing community development, and helping our customers make the
green transition. In addition to our positive impact last year, we
will invest $13.6 billion via our new Santander US Community Plan
to continue our support of the communities where our customers live
and our employees work.”
The company’s 2022 highlights aligned with its key investment
pillars:
- Empowering People and Businesses: 23,000+ individuals received
financial education, $100 million multi-year investment in consumer
banking digital transformation strategy, 119,000+ financially
empowered people, $995 million in small business financing, and
nearly 40% of Santander US jobs filled with internal
candidates
- Fostering Inclusive Communities: $29+ million in charitable
giving, 400+ partner organizations supported, and 39,000+ volunteer
hours
- Supporting the Green Transition: 100% carbon neutral
operations, $2 billion in renewable energy finance underwritten,
participant in sustainability-linked transactions totaling $61.3
billion, 59% of electricity from renewable sources, and 100%
elimination of single-use plastic where feasible
This year’s report outlines how Santander US supports its
customers in their transition to a low-carbon economy and advances
Santander Group’s global commitment to achieve net-zero carbon
emissions by 2050. In 2022, Santander US issued its inaugural $500
million sustainable bond, which was
the first under Santander Group’s Green, Social & Sustainable
Funding Global Framework. Through its auto lending business,
Santander US provided $888 million in financing for fully electric
and plug-in hybrid vehicles, a 27% increase from 2021. As a leader
in renewable energy finance, Santander US will invest $9 billion in
green finance over the three-year Community Plan.
Santander US continues to invest in underserved communities to
advance racial and social equity as illustrated in the report. In
2022, Santander Bank, N.A. increased its grant-making to
minority-led nonprofits from 42% to 55% of total grants, and 62% of
volunteering occurred in communities of color. The Santander
Consumer USA Inc. Foundation also launched a multi-year $50 million
initiative to support digital equity and financial inclusion,
including a new program in partnership with City Year and Operation
HOPE to provide financial literacy training for City Year
AmeriCorps members.
The 2022 Santander US ESG Report references the Global Reporting
Initiative Universal Standards, Sustainability Accounting Standards
Board relevant sector standards, and Task Force on Climate-Related
Financial Disclosures framework among other standards.
About Santander US
Santander Holdings USA, Inc. (SHUSA) is a wholly owned
subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN)
(Santander), a global banking group with 161 million customers in
the U.S., Europe and Latin America. As the intermediate holding
company for Santander’s U.S. businesses, SHUSA is the parent
company of financial companies with approximately 13,700 employees,
4.5 million customers, and $168 billion in assets, as of December
2022. These include Santander Bank, N.A., Santander Consumer USA
Holdings Inc., Banco Santander International, Santander Securities
LLC, Santander US Capital Markets LLC and several other
subsidiaries. Santander US is recognized as a top 10 auto lender, a
top 10 multifamily lender, and a top 10 commercial real estate
lender, and has a growing wealth management business. For more
information about Santander US, please visit
www.santanderus.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230628341012/en/
Media: Caroline Connolly caroline.connolly@santander.us
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