Environmental (E)

Protecting the environment and counteracting the effects of climate change are the overarching objectives of Green Banking - one of the pillars of Santander Bank Polska's Responsible Banking strategy.

Key environmental objectives

Our Responsible Banking Strategy announced in 2019 guides the bank’s activities for the coming years and identifies climate and environment protection as key areas. We have committed ourselves to:

  • offer environmentally friendly ”green” products and solutions
  • carry out educational activities addressed to customers, employees and local communities
  • implement internal initiatives aimed at reducing the bank’s environmental footprint.

One of the particularly important objectives of Santander Bank Polska is to achieve climate neutrality by 2050. We are pursuing this objective by implementing the Net Zero Strategy. In line with the Net Zero Strategy, the reduction of greenhouse gas emissions includes our internal emissions from, for example, power consumption, business travel and car fleet operations, but also emissions resulting from our financing - credit, advisory or investment services provided to customers from all segments.

Goals of the Net Zero Strategy:

  • As of 2030

    we will cease financing power companies with more than 10% of revenues from coal-fired power generation.

  • By 2030

    we plan to entirely reduce the bank's exposure to thermal coal producers

  • By 2050

    we will achieve climate neutrality.

Our environmental footprint commitments:

KPI 2020 2021 2022 2023
Commitments concerning the environmental footprint Purchased energy from renewable sources [%} 100 100 100 100
Internal energy consumption from renewable sources [KWh]. 30 30 32 31
Total energy consumption [KWh] 32 31 30 30
Percentage of reduced single-use plastic consumption [%] 100 100 100 100

For more information, see the 2020 ESG Report.

Environmental and climate impact management model

In doing business, we follow an ESG approach whereby environmental issues are one of the criteria in making business decisions. We carry out an assessment – according to ESG guidelines – of the various assets we finance. This allows us to take a broader view of the risks involved and creates opportunities for sustainable development.


We apply the prudence principle in managing our environmental impacts, and the overarching document describing our approach to environmental issues is the Sustainability Policy, in which we commit to:

  • minimise the environmental impact of our premises i.e. consider our internal environmental footprint (e.g. energy consumption, facility management);
  • consider the environmental impact of our banking activities;
  • promote products and services that are environmentally friendly;
  • consider and assess the climate change impact of projects financed.

In 2021, we launched the ”Social, Environmental and Climate Change Risk Management Policy”.

More information on the bank’s environmental policies can be found in the 2020 ESG Report.

Risk management

At the bank, we have identified social and environmental risks, including climate risks, associated with the financing of customer projects in sensitive sectors. The environmental and social aspects of risk management are used as evaluation criteria for projects of the Corporate and Investment Banking segment. The activities of clients in this segment may be subject to exclusions or restrictions, which we have defined in the procedures for:

  • fuel sector
  • energy sector
  • metals and mining sector
  • soft commodities sector

More information on the risk management model can be found in:



Environmental performance

Implementation of the plan to reduce the bank's environmental footprint

In 2020, we achieved neutrality with regard to internal CO2 emissions. This was made possible by the transition to green energy, and the purchase of carbon credits, or green certified assets that offset emissions. We also replaced our car fleet with green hybrid cars, which have lower fuel consumption and low emissions.

  • Carbon neutrality regarding the bank’s internal CO2 emissions achieved in 2020
  • 100% of the electricity purchased by the bank comes from green sources, mainly hydroelectric power plants
  • 0% of plastic water bottles – we used 7 tonnes of plastic less

The bank’s environmental footprint – a set of detailed environmental data for 2020 and previous years can be found in the 2020 ESG Report.

Green finance

The total value of green financing is PLN 842 million, of which:

  • PLN 294 million for green buildings with BREEAM Excellent certificates or higher or LEED Gold certificates or higher,
  • PLN 146 million for RES development,
  • PLN 176 million for green public transport vehicles and cars.

We were the first institution in Poland to offer financial solutions based on ESG (Environmental, Social, Governance) or SDG (Sustainable Development Goals) principles. These include green bonds, ESG-linked loans and bonds, and interest rate volatility hedging transactions based on sustainable development principles.

Green product offer

We were the first institution in Poland to offer financial solutions based on ESG (Environmental, Social, Governance) or SDG (Sustainable Development Goals) principles.

In 2020, Santander Leasing achieved record-high results in the implementation of green investments amounting to PLN 423 million.

For more information visit the website of our 2020 ESG Report.

Projects benefiting from green financing

We support our clients in implementing long-term strategies to transform their businesses into environment-friendly, sustainable enterprises. We actively participate in the ecological transformation of the Polish energy sector, and will continue to finance the transition from coal to renewable energy sources in the coming years.

For more information, see the 2020 ESG Report.