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Good practice example: Financial Corporation - Climate Change - Opportunities and Taxonomy
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Financial Corporation - Climate Change - Opportunities and Taxonomy

S is a bank operating in investment, lending, insurance and asset management. S sees a business opportunity in enabling the transition to a low carbon economy via green finance. For this purpose, S develops a sustainable finance plan based on existing frameworks (EU Taxonomy and Green Bonds) and offers:

Beyond the reporting requirements pursuant to the EU Taxonomy, S sets a green finance target with milestones for different time horizons to fulfil the sustainable finance plan. S plans to invest:

S further provides data on more detailed climate-related initiatives, such as:

Space for improvement:

Data on climate-related business opportunities is included in Santader’s 2019 Annual report:

https://www.santander.com/content/dam/santander-com/en/documentos/informe-anual/2019/ia-2019-annual-report-en.pdf 

and Climate Finance Report 2019 - June 2020: https://www.santander.com/content/dam/santander-com/en/documentos/informe-anual-de-sostenibilidad/2019/ias-2019-climate-finance-2019-20-en.pdf