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Banco Santander partners with Envision Group to accelerate net zero transition

November 2022

Today Banco Santander announced a partnership with the companies of Envision Group, a global clean technology leader, to jointly promote the reduction of greenhouse gas emissions, leveraging the strength and expertise of both, to accelerate the global transition to a net zero economy.

As part of this agreement, Banco Santander, through the provision of commercial, corporate and investment banking services, will support Envision Group’s strategic projects globally, including the development of net zero industrial parks in Spain and worldwide, covering the battery Gigafactory of Envision AESC, renewable generation and storage system, green hydrogen generation plant, and other leading industries.

In addition, Banco Santander will collaborate with Envision Digital, the net-zero and Artificial Intelligence of Things (AIoT) Tech unit, to explore the application of its Net Zero technology to Santander’s customers to drive energy transition across industries and reduce Santander’s overall financed emissions. Envision Digital will also partner with Santander to monitor and further improve the energy efficiency of the Santander Group Headquarter, which is already carbon neutral since 2020.

José Antonio Álvarez, CEO of Santander Group said: “The partnership with Envision is a great example how cross-industry cooperation could generate synergies that will allow us to further support our clients and communities in the transition towards a net-zero economy and help people and businesses prosper in a sustainable way.”

As a global net-zero technology partner, Envision aims to solve the challenges for a sustainable future“, said Lei Zhang, founder and CEO of the Envision Group companies. “Banco Santander’s vision for reducing carbon emissions, not only in Spain but throughout its global portfolio, is truly inspiring. Together with Banco Santander, we can help companies across industries move faster towards a net-zero future.