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

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

Santander, a financial services company, does not protect its employees from viewpoint discrimination but has not publicly terminated business relationships based on views or beliefs. Santander integrates ESG into all of its business practices and does not make donations to religious organizations. Santander 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.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

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.

Risk Level
Rationale

Santander has not publicly fired customers, suppliers, or vendors based on views or beliefs. Santander integrates ESG into all of its business practices. The company’s ESG strategy “aligns directly with [its] overall business strategy” (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Santander does not make charitable donations to religious organizations (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Santander does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Santander supports the climate goals of the Paris agreement and committed to achieving net-zero emissions by 2050 (1) Santander promotes gender diversity and LGBTQ advocacy through its Embrace Network (2)(3). Banco Santander is a member of the Net-Zero Banking Alliance, Net-Zero Asset Managers initiative, and Glasgow Financial Alliance for Net Zero (4). 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 (5)(6)(7). 

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Santander gave $100,000 to the Equal Justice Initiative and donated $1 million for diverse leadership training and racial and social equity initiatives (1). 

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Santander has not used its PAC donations for ideological purposes and lobbies in a manner consistent with its business interests (1)(2).

All links were last accessed and all information was updated on:
September 14, 2023

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