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Select an assessment year:

  • Overall approach
    8/16
    • Overarching commitment on deforestation
      8/14
      Deforestation commitment
      Reduce deforestation
      8/14
      "The soft commodities policy provides Santander’s lending criteria for the agricultural raw materials sector: extraction and processing of timber products, manufacture of wood-based cellulose and paper, soy plantations, oil palm plantations, rubber plantations, processing of soy, palm oil or rubber, agriculture and cattle ranching and biomass or biofuel production. These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation."
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    26/64
    • Beef & Leather
      24/64
      • Commitment Strength
        24/42
        • Commodity-specific financing policy
          9.3/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Reduce deforestation
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] • Agriculture and cattle ranching"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] • Agriculture and cattle ranching"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] • Agriculture and cattle ranching"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] • Agriculture and cattle ranching"
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] • Agriculture and cattle ranching"
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          9.3/9.6
          • Commitment details
            All high priority landscapes - Required
            8/8
            Commitment details
            All high priority landscapes - Required
            8/8
            "Santander Group will not provide financial products and/or services to any of the following activities [including] production facilities located in areas classified as Ramsar Sites, World Heritage Sites, or by the International Union for Conservation of Nature as categories I,II, III or IV." They also will not finance "deforestation of declared protected forests or of high conservation or ecological value".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ...."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..." "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] • Agriculture and cattle ranching"
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          5.3/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ...."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... � Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."�"These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, [...] This document sets out Santander Group�s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] � Agriculture and cattle ranching"
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Palm oil
      24/64
      • Commitment Strength
        24/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Reduce deforestation
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: Principles and Criteria for the Production of Sustainable Palm Oil (2013) issued by the Roundtable on Sustainable Palm Oil (RSPO). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Oil palm plantations"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: Principles and Criteria for the Production of Sustainable Palm Oil (2013) issued by the Roundtable on Sustainable Palm Oil (RSPO). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Oil palm plantations"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: Principles and Criteria for the Production of Sustainable Palm Oil (2013) issued by the Roundtable on Sustainable Palm Oil (RSPO). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Oil palm plantations"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: Principles and Criteria for the Production of Sustainable Palm Oil (2013) issued by the Roundtable on Sustainable Palm Oil (RSPO). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Oil palm plantations"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: Principles and Criteria for the Production of Sustainable Palm Oil (2013) issued by the Roundtable on Sustainable Palm Oil (RSPO). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Oil palm plantations [...] • Processing of soy, palm oil or rubber."
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          9.4/9.6
          • Commitment details
            All high priority landscapes - Required
            8/8
            Commitment details
            All high priority landscapes - Required
            8/8
            "Santander Group will not provide financial products and/or services to any of the following activities [including] production facilities located in areas classified as Ramsar Sites, World Heritage Sites, or by the International Union for Conservation of Nature as categories I,II, III or IV." They also will not finance "deforestation of declared protected forests or of high conservation or ecological value".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Santander Group will not provide financial products and/or services to any of the following activities [including] production facilities located in areas classified as Ramsar Sites, World Heritage Sites, or by the International Union for Conservation of Nature as categories I,II, III or IV." They also will not finance "deforestation of declared protected forests or of high conservation or ecological value".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Santander Group will not provide financial products and/or services to any of the following activities [including] production facilities located in areas classified as Ramsar Sites, World Heritage Sites, or by the International Union for Conservation of Nature as categories I,II, III or IV." They also will not finance "deforestation of declared protected forests or of high conservation or ecological value".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Santander Group will not provide financial products and/or services to any of the following activities [including] production facilities located in areas classified as Ramsar Sites, World Heritage Sites, or by the International Union for Conservation of Nature as categories I,II, III or IV." They also will not finance "deforestation of declared protected forests or of high conservation or ecological value".
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Santander Group will not provide financial products and/or services to any of the following activities [including] production facilities located in areas classified as Ramsar Sites, World Heritage Sites, or by the International Union for Conservation of Nature as categories I,II, III or IV." They also will not finance "deforestation of declared protected forests or of high conservation or ecological value". Includes "This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities: [...] palm plantations [...] Processing of soy, palm oil or rubber."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Certification scheme (if applicable): RSPO

            Verification method: Certification Scheme
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ... "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ... "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Soy
      24/64
      • Commitment Strength
        24/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Reduce deforestation
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: • Standard for Responsible Soy Production issued by the Round Table on Responsible Soy (RTRS). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Soy plantations "
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: • Standard for Responsible Soy Production issued by the Round Table on Responsible Soy (RTRS). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Soy plantations "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: • Standard for Responsible Soy Production issued by the Round Table on Responsible Soy (RTRS). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Soy plantations "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: • Standard for Responsible Soy Production issued by the Round Table on Responsible Soy (RTRS). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Soy plantations "
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: • Standard for Responsible Soy Production issued by the Round Table on Responsible Soy (RTRS). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Soy plantations [...] Processing of soy, palm oil or rubber. "
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          9.4/9.6
          • Commitment details
            All high priority landscapes - Required
            8/8
            Commitment details
            All high priority landscapes - Required
            8/8
            "Santander Group will not provide financial products and/or services to any of the following activities [including] production facilities located in areas classified as Ramsar Sites, World Heritage Sites, or by the International Union for Conservation of Nature as categories I,II, III or IV." They also will not finance "deforestation of declared protected forests or of high conservation or ecological value".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ... "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..." "These standards involve the enforcement of recognised standards that aim to sustainably manage these resources and help prevent deforestation. [...] This policy takes into account best practices, international standards and treaties, such as: • Standard for Responsible Soy Production issued by the Round Table on Responsible Soy (RTRS). [...] This document sets out Santander Group’s policy on providing financial products and/or services to customers with an impact on tropical forests, tropical savannahs, and savannah biomes or located in High Risk Geographies, involved in the following activities:[...] Soy plantations [...] Processing of soy, palm oil or rubber. "
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ... Restricted activities: When providing financial products and/or services, Santander Group will pay particular attention to4 the environmental and social risks arising from the location of the facilities used for the following activities: • Processes with an environmental impact in high ecological or social value forests listed as UNESCO World Heritage Sites."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ... Restricted activities: When providing financial products and/or services, Santander Group will pay particular attention to4 the environmental and social risks arising from the location of the facilities used for the following activities: • Processes with an environmental impact in high ecological or social value forests listed as UNESCO World Heritage Sites."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ... Restricted activities: When providing financial products and/or services, Santander Group will pay particular attention to4 the environmental and social risks arising from the location of the facilities used for the following activities: • Processes with an environmental impact in high ecological or social value forests listed as UNESCO World Heritage Sites."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ... Restricted activities: When providing financial products and/or services, Santander Group will pay particular attention to4 the environmental and social risks arising from the location of the facilities used for the following activities: • Processes with an environmental impact in high ecological or social value forests listed as UNESCO World Heritage Sites."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Timber, Pulp & Paper
      30/64
      • Commitment Strength
        30/42
        • Commodity-specific financing policy
          9.6/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC." "Extraction and processing of timber products [...] Supply chain of the raw materials used in the manufacture and/or processing of wood-based cellulose, paper and textiles"
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          9.6/9.6
          • Commitment details
            All high priority landscapes - Required
            8/8
            Commitment details
            All high priority landscapes - Required
            8/8
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."; "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."; "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."; "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."; "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."; "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC." "Extraction and processing of timber products [...] Supply chain of the raw materials used in the manufacture and/or processing of wood-based cellulose, paper and textiles"
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): FSC
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Extraction and sale of native tropical wood species not certified to Forest Stewardship Council is one of the prohibited activities in relation to the soft commodities sector that this policy provides." [...] "Santander Group will not provide financial products and/or services to any of the following activities: • Extraction and sale of native tropical wood species not certified to FSC."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Prohibited activities Santander Group will not provide financial products and/or services to any of the following activities: ... • Projects or activities located in areas classified as Ramsar Sites, World Heritage Sites or by the International Union for Conservation of Nature (IUCN) as categories I, II, III or IV ..."
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
  • Reporting & Implementation
    5/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Timeline unclear
      3/5
      "This policy will come into force on the date it is published. Its contents will be reviewed on a regular basis, and any changes or modifications considered appropriate will be made."
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      3/5
      Monitoring compliance
      Yes - General non-compliance statement
      3/5
      "Assessments of the relevant environmental and social risk impacts will be required for Santander Corporate and Investment Banking consumers. This assessment shall be more detailed when providing financial products and/or services to the restricted activity subsectors set out in Section 2."
    • Reporting on implementation of the policy
      0/5
  • Commitment strength
    26/42
    Avg. score
  • Social considerations
    0/22
    Avg. score

Profile

Santander are a bank headquartered in Spain serving private, corporate and institutional clients. Their services include asset management, corporate finance, securities, insurance and retail banking services. As of 2017, Santander's total assets amount to more than 1.4 trillion EUR, with more than 860 billion EUR in net customer loans. Santander are among the top 20 lenders to Forest 500 companies, with loans amounting to more than 20 billion USD across a broad range of forest risk commodities.

HQ
HQ 
Spain
Financial institution type
Financial institution type 
Asset management, Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.