Banco Santander S A : Santander, world leader in renewable energy financing in the first half of the year

Santander is announcing three new interim targets to decarbonize its portfolios with the energy, steel and aviation sectors.

The Group will set interim targets to decarbonize its portfolios with the property sector, auto manufacturing, auto lending, cement and agriculture.

Madrid, 4 August 2022.
In supporting the fight against climate change and the green transition, Santander continues to make progress on its goal to reach net zero carbon emissions group-wide by 2050, in line with the Paris Agreement. According to Infralogic's ranking, Group ended the first half of the year as the world's leader in renewable energy finance, with over 2.4 billion euros in 33 funding transactions and a worldwide market share of 6.4%. In the past decade, Santander has been a leading bank in renewable energy finance, figuring among the top three in the world in number of transactions and the top five in funding volume.

The greenfield projects Santander financed or advised in 2021 had an installed capacity of 13,604 megawatts and will cut 251 million tonnes of CO₂ emissions. They produce enough electricity to power 9.2 million homes in a year. Furthermore, its brownfield projects for expanding or improving renewable energy had an installed capacity of 1,776 megawatts.