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.