As part of our global strategy and public commitments, we set ourselves the goal of financing a cumulative total of €120 billion to help tackle the climate change and have 100 billion in AuMs in Socially Responsible Investments by 2025, financing projects with Environmental, Social and Governance criteria (ESG).
To combat climate change and drive community development and environmental conservation, at Santander Mexico we manage ESG funds, in addition to designing sustainable products and providing guidance to our customers in these extremely relevant issues.
Santander Asset Management (SAM)
SAM is Banco Santander’s Investment Fund Manager, and it promotes a sustainable approach through its own team of experts who focus solely on Sustainable and Responsible Investment, in addition to developing and implementing our sustainability analysis methodology. Through SAM Mexico, we offer a range of ESG products and services.
The first ESG-based equity fund in Mexico, it has enabled us to identify whether the companies we invest in follow sustainable criteria. To the end of 2022, this fund totaled MXN $144,293,965.80.
This fund was launched with the support of Robeco Institutional Asset Management (Robeco) and offers a global approach as it invests in both national and international companies that employ ESG criteria. To the end of 2022, this fund totaled MXN $1,223,999,264.90.
For further information, please visit the SAM website by clicking here.
Sustainable bonds and loans are debt instruments. They must be aligned with the Green Bond Principles and Social Bond Principles of the International Capital Market Association (ICMA) and the Green Credit Principles and Social Credit Principles of the Loan Market Association (LMA). They are used to finance projects that guarantee social and environmental well-being.
A team specializing in the financing of green and social projects, ESG Solutions Mexico, provides guidance and support to our customers in order to promote business sustainability and comply with the best market practices in ESG matters.
During 2022 we were involved in the following labeled transactions such as green, social, sustainable and Sustainability-linked bond:
1. The transaction is under review.
In October 2022, we held the second Sustainable Santander Mexico Forum bringing together international investors, representatives from major multinationals, regulators, government officials and ESG specialists. This event has become one of the highest-level forums surrounding the country’s sustainability agenda and its outlooks.
Several topics were discussed, including:
To help promote environmental conservation through the use of sustainable and environmentally friendly transport options, we provided financing to a Mexican company called Movilidad Integral de Vanguardia (MIVSA), a subsidiary of MOBILITY ADO, to facilitate the acquisition of 50 fully electric buses, which will be incorporated into Line 3 of the Metrobús network in Mexico City.
We design social and environmental products and services to promote social and financial inclusion, drive environmental conservation, and help mitigate climate change.
Launched in 2021 in response to learning how important social progress is to our customers, these tailormade credit cards are available via an online application process, offer the highest standards of security, and support one of six environmental and social causes depending on their color:
