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Second-Party Opinion Download

Project Details

Project

Santander Holdings USA Impact Reporting (2024)

Client

Santander Group

Project Type

Impact Reports

Industry Group

Banks

Use of Proceeds

Renewable energy; Affordable housing;

Location

U.S.

Evaluation Date

Dec 2024

Evaluation Summary

Sustainalytics has calculated the estimated impact achieved by the sustainability notes issued by Santander Holdings USA, Inc. (“SHUSA”) in September 2022. Since issuance, USD 334 million has been allocated to earmarked projects in the Affordable Housing category and USD 166 million has been allocated to earmarked projects in the Renewable Energy category. The projects are located within SHUSA’s US footprint, with cities located within Northeast, Southeast, and South-Central regions. Using the number of individual housing units financed and the number of individuals financed as of 30 June 2024, Sustainalytics has calculated the beneficiary savings of USD 68 million over a 12-month period.

https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/impact-report-shusa-2024-final.pdf?sfvrsn=7d4cd541_1