We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Ana Botin is President of the EBF Board
Ana Botin (Group Executive Chairman at Banco Santander)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Banco Santander is a member of UK Finance which is a national association member of EBF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Ana Botin is President of the EBF Board
Ana Botin (Group Executive Chairman at Banco Santander)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Banco Santander is a member of UK Finance which is a national association member of EBF
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Data Point on Corporate - Influencer Relationship
Multiple subsidiaries of Santander (e.g. Santander Generales Seguros y Reaseguros) are members of UNESPA which is a national association member of Insurance Europe
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Data Point on Corporate - Influencer Relationship
Multiple subsidiaries of Santander (e.g. Santander Generales Seguros y Reaseguros) are members of UNESPA which is a national association member of Insurance Europe
not specified
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Open PDF file of Data Source
Santander appears to have had a moderate amount of engagement on sustainable finance policy, with mixed positions which have become increasingly positive since 2019. Santander has stated support for a role for finance in meeting the goals of the Paris Agreement and net-zero by 2050, particularly as a member of the Net Zero Banking Alliance (NZBA).
In a 2019 interview, Santander's global head of sustainability appeared to advocate against the use of regulation on sustainable finance. However, in its 2019 Stakeholder Engagement and Climate Finance reports, Santander stated support for a taxonomy and the need for policy to improve corporate disclosure.
Support for sustainable finance regulations has continued during 2020-2021. Santander restated high-level support for the EU taxonomy in its 2020-2021 Climate Finance report, as well as for the EU’s Non-Financial Reporting Directive (NFRD). In a 2021 website article, Santander further supported the European Central Bank’s economy-wide climate stress tests.
In several of its sustainable reports, Santander has stated it is engaging on a number of relevant sustainable finance policies, but only describing policy positions in broad terms. Santander has listed some of its trade association memberships as well as policy areas it has engaged with as member of these groups in its Climate Finance Report.