Project Details
Project
Santander Group Green, Social and Sustainability Funding Global Framework Impact Report (2023)
Client
Santander Group
Project Type
Impact Reports
Industry Group
Banks
Use of Proceeds
Affordable housing
Location
U.S.
Evaluation Date
Dec 2023
Evaluation Summary
Sustainalytics has calculated the estimated social impact achieved by the sustainability notes issued by Santander Holdings USA, Inc. (“SHUSA”) in September 2022. Since issuance, USD 221 million have been allocated to earmarked projects in the category affordable housing. The projects are located within SHUSA’s footprint, which includes cities in the Northeast and Florida, United States. Using the number of individual housing units financed and the number of individuals financed as of 30th of June 2023, Sustainalytics has calculated the beneficiary savings of USD 55 million
over a 12-month period.
https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/shusa_impact_report.pdf?sfvrsn=8622fdd7_1