Santander has announced a partnership with the companies of global clean technology, Envision Group, to jointly promote the reduction of greenhouse gas emissions and accelerate the global transition to a net zero economy.
As part of this agreement, the Spanish multinational financial services company Santander, also known as Banco Santander, will support Envision Group’s strategic projects globally, including the development of net zero industrial parks in Spain and worldwide, covering the battery Gigafactory of Envision AESC, renewable generation and storage system, green hydrogen generation plant, and other leading industries.
In addition, Santander will collaborate with Envision Digital, the net-zero and Artificial Intelligence of Things (AIoT) Tech unit, to explore the application of its Net Zero technology to Santander’s customers to drive energy transition across industries and reduce Santander’s overall financed emissions.
Envision Digital will also partner with Santander to monitor and further improve the energy efficiency of the Santander Group Headquarters in Madrid – which has been carbon neutral since 2020.
José Antonio Álvarez, CEO of Santander Group said: “The partnership with Envision is a great example of how cross-industry cooperation could generate synergies that will allow us to further support our clients and communities in the transition towards a net-zero economy and help people and businesses prosper in a sustainable way.”
“As a global net-zero technology partner, Envision aims to solve the challenges for a sustainable future.” said Lei Zhang, founder and CEO of the Envision Group companies.
“Banco Santander’s vision for reducing carbon emissions, not only in Spain but throughout its global portfolio, is truly inspiring. Together with Banco Santander, we can help companies across industries move faster towards a net-zero future.”
Elsewhere in the banking sector, UK firm Lloyds announced it would not support direct financing to develop new oil and gas fields and HSBC warned companies that they will need a “robust and clear sustainability” strategy or they will find it increasingly difficult to get financing.
