Santander
Corprate Bias Ratings
Risk Level:
Summary:
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.
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.
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).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Santander does not make charitable donations to religious organizations (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Santander does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
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).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Santander gave $100,000 to the Equal Justice Initiative and donated $1 million for diverse leadership training and racial and social equity initiatives (1).
All links were last accessed and all information was updated on:
September 14, 2023
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