Metrics and targets

This section of the report contains the emission levels associated with Santander Bank Polska S.A.’s activities in 2021. The methodology and scope of the calculations are provided in the Methodology appendix at the end of the report. Below is a summary of the calculation of CO2 emissions in Santander Bank S.A.’s own activities (Scope 1) and those directly dependent on Santander Bank S.A.’s operations. (Scope 2), as well as business travel (Scope 3).

Emission category Emissions IN 2021
in tonnes of CO2 e)
  Location-based Market-based
Scope 1 5,957.1 5,957.1
Scope 2 29,175.5 15,513.0
Scope 3 94.7 94.7*
Total: scope 1+2 35,132.6 21,470.2
* Only location-based DEFRA data was used.

We use a number of metrics to measure our climate impact, including, among others, kilograms of carbon dioxide emissions translated into litres of petrol consumed by the car fleet, emissions from electricity consumption in our offices and district heat consumption. The table below provides a detailed summary of our emissions with a description of the sources we have taken into account, the consumption by source expressed in the relevant unit of measurement, the type of data and the emission indicator together with the source used in the calculation.

Scope 1:              
Source of emissions Consumption Unit Data type Emission indicator kgCO2e/unit Source Emissions tCO2e        (location based) Emissions tCO e           (market based)
Petrol – car fleet 1,446,502.0 litres actual 2.1935 DEFRA 2021 3,172.9 3,172.9
Diesel car fleet 8,563.5 litres actual 2.5123 DEFRA 2021 21.5 21.5
Natural gas for central heating and hot water 12,399.4 MWh actual 0.1832 DEFRA 2022 2,271.1 2,271.1
Heating oil for central heating and hot water 154,973.0 litres actual 2.5401 DEFRA 2021 393.7 393.7
Diesel for power generators 1,100.0 litres actual 2.5123 DEFRA 2022 2.8 2.8
Refrigerant R410A 45.6 kg actual 2,088.0000 DEFRA 2021 95.2 95.2
TOTAL: 5,957.1 5,957.1
Scope 2:
Source of emissions Consumption Unit Data type Emission indicator Source Emissions  tCO2e           (location based) Emissions tCO2e (market based)
Electricity – offices 26,449.3 MWh actual 0.0007 KOBiZE 17,245.8 3,583.3
Electricity – remote work 809.9* MWh estimation 0.0007 KOBiZE 528.1 528.1
District heating 118,151.6** GJ estimation 0.0965 URE 11,401.6 11,401.6
TOTAL: 29,175.5 15,513.0
Scope 3:
Source of emissions Consumption Unit Data type Emission indicator Source Emissions tCO2e (location based) Emissions tCO2e (market based)
Car – rental 19,598.0 km actual 0.1715 DEFRA 2021 3.4
Bus 14,000.0*** km estimation 0.0268 DEFRA 2021 0.4
Train 566,681.4 km actual 0.0355 DEFRA 2021 20.1
Aircraft – domestic flights 17,160.4 km actual 0.2459 DEFRA 2021 4.2
Aircraft – flights in Europe 383,859.8 km actual 0.1535 DEFRA 2021 58.9
AIRCRAFT – flights outside Europe 40,048.4 km actual 0.1931 DEFRA 2021 7.7
TOTAL 94.7
* Estimation based on person-days spent working remotely and assuming that a person working remotely consumes 0.12 kWh per working hour
** Estimation based on benchmarks of annual heat consumption per m2 of area (extracted from the Statutory Energy Audit for 2020) and area of occupied premises (heated with district heating). The calculation takes into account locations abandoned during 2021, but only for the number of days during which they were used by the bank.
*** Due to unavailability of data, a distance of 100 km was assumed for each bus journey purchased.

We monitor resource consumption, own emissions and waste production at the majority of our sites through an internal data collection and processing system, which is audited annually by an independent third party.

In this way, we can identify the key areas that have the greatest impact on the environment – including the climate – and to take more effective countermeasures.

We have already taken ambitious steps to reduce our own emissions by using energy from renewable sources. We have also received an accession certificate for the Tauron Group’s ECO Premium product. The document confirms that the electricity sold to us participates fully in the Environmental Energy Sales Guarantee scheme and comes from environmentally friendly energy sources – mainly hydroelectric power plants. We have thus significantly reduced our consumption of energy obtained from non-renewable raw materials. In addition, we are focusing on increasing energy efficiency in our own operations. In 2021, the bank’s electricity consumption fell by 8.8 per cent compared to 2020 and we also reduced our diesel consumption by almost four times compared to 2020. Thanks to these measures and the purchase of certified carbon offset credits, we achieved internal CO2 neutrality in 2020.

In 2021, 81% of the bank’s purchased electricity for the property will be from a contract providing energy solely from RES.

In 2022, we purchased electric cars to reduce our transport-related emissions.

The emissivity of our portfolio is also very important to us. At this stage, we focused on the energy portfolio, and we did so by analysing our client companies that generate electricity with conventional generation assets. Looking at the bank’s six largest customers in this area, we assumed for the purposes of this study that the equity exposure in these companies represents 100% of the financed portfolio, taking into account the portfolio structure as at 31 December, 2021. In accordance with the adopted assumptions, the weighted average emissivity of our portfolio in 2021 was 0.896 tCO2 /MWh, where the basis for the calculation was the emission indicators for the surveyed generators (per MWh) and the share of exposure to a given company in the energy portfolio of power generators (percentage of the financed portfolio). Accordingly, the value of the indicator for 2021 decreased by approximately 1% vs. 2020.