Santander

Santander Bank, N.A., Santander Consumer USA Holdings Inc., Banco Santander International of Miami, Santander Securities LLC of Boston, Santander Investment Securities Inc. of New York
Massachusetts, Spain
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Santander scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Santander increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Santander forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Santander integrates ESG into all of its business practices and promotes gender diversity and LGBTQ advocacy through its Embrace Network. Banco Santander is a member of the Net-Zero Banking Alliance, Net-Zero Asset Managers initiative, and Glasgow Financial Alliance for Net Zero, committed to carbon neutrality by 2050. As part of its ESG commitments, Santander embeds climate risk mitigation into all of its business operations, including prohibiting some future investments in oil and gas. Santander gave $100,000 to the Equal Justice Initiative and donated $1 million for diverse leadership training and racial and social equity initiatives. For these reasons, Santander receives a High Risk rating.

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