Santander Brazil is committed to the goals of the Paris Agreement through concrete and viable solutions, to generate scale and shared value supporting the growth of our client’s businesses, as well as managing the impacts of our own activities.
In Brazil, we are leaders in the area of renewable energies and participated with advisory and/or financing in 80% of the total capacity installed. Since 2010 we have invested 25 billion reais in the funding of wind farms and financed 1 billion reais of energy efficiency projects and photovoltaic systems. In the agribusiness sector we are increasing our focus towards low carbon agriculture and compliance with Brazil’s new Forestry Code.
In 2016 we improved our risk analysis, introducing a socio-environmental score in our risk rating methodology. In all regions of Brazil, we classified our branches for risk according to their vulnerability to water scarcity, and used this data to inform our strategic management plans. By 2018 we aim to reduce our energy consumption and carbon emissions by 9%, against a base year of 2015.
The financial sector has a key role to achieve the scale needed in the transition to a low carbon economy. Incorporating new risks and opportunities into our day to day business will yield results that are up to the great challenge we have in front of us.