Santander
Risk Level:
Summary:
Santander has embedded ESG principles into its corporate operations and made climate commitments that include prohibiting investments into some future oil and gas developments. Santander has donated to ideological organizations and supported ideological causes hostile to freedom of expression. The company has used its funds to advance DEI principles. Santander advocates for LGBTQ causes and discriminates against religious organizations in its charitable giving. Santander is a member of Glasgow's Net Zero Alliance. Santander does not provide its employee with protection against viewpoint discrimination. For these reasons, Santander receives a High Risk rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
Banco Santander is member of the Net-Zero Banking Alliance (1)(2). 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 (3)(4)(5). However, there are no publicly known instances of Santander terminating existing business relationships due to religious or political beliefs.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
The Santander Consumer USA Foundation “excludes funding to the following: programs and organizations whose primary focus is political or religious activism, sponsorship of personal fundraising events (e.g., walkathons), team sponsorships, sporting events, and parent-teacher organizations” (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Santander does not provide its employee with protection against viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Santander integrates ESG into all of its business practices through its commitment to the Paris Climate Agreement and its ESG reports (1)(2). Santander employees are required to participate in DEI training, including promoting gender diversity and sexual orientation (3). Santander promotes LGBTQ advocacy through its Embrace Network (4). Banco Santander is a member of the Net-Zero Banking Alliance and Net-Zero Asset Managers initiative (5)(6)(7).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
The Santander Consumer USA Foundation donated $175,000 to Dallas Truth Racial Healing and Transformation, which fights for systemic and racial narrative change (1). Santander donated $5.2 million to social justice and racial equity organizations and donated in support of Juneteenth (2). Santander donated $1 million for diverse leadership training and racial and social equity initiatives (3).
All links were last accessed and all information was updated on:
April 4, 2023
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