Banco Santander partners with Envision Group to accelerate net zero transition

MADRID, Nov. 7, 2022 /PRNewswire/ — Today Banco Santander introduced a partnership with the businesses of Envision Group, a worldwide clear expertise chief, to collectively promote the discount of greenhouse fuel emissions, leveraging the energy and experience of each, to accelerate the worldwide transition to a net zero economy.

As a part of this settlement, Banco Santander, by means of the supply of economic, company and funding banking providers, will help Envision Group’s strategic initiatives globally, together with the event of net zero industrial parks in Spain and worldwide, masking the battery Gigafactory of Envision AESC, renewable era and storage system, inexperienced hydrogen era plant, and different main industries.

In addition, Banco Santander will collaborate with Envision Digital, the net-zero and Artificial Intelligence of Things (AIoT) Tech unit, to discover the applying of its Net Zero expertise to Santander’s clients to drive vitality transition throughout industries and cut back Santander’s general financed emissions. Envision Digital can even companion with Santander to monitor and additional enhance the vitality effectivity of the Santander Group Headquarter, which is already carbon impartial since 2020.

José Antonio Álvarez, CEO of Santander Group stated: “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. “stated Lei Zhang, founder and CEO of the Envision Group corporations. “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. “

Banco Santander (SAN SM, STD US, BNC LN) is a number one industrial financial institution, based in 1857 and headquartered in Spain. It has a significant presence in 10 core markets within the Europe, North America and South America areas, and is without doubt one of the largest banks on the planet by market capitalization. Santander goals to be the most effective open monetary providers platform offering providers to people, SMEs, corporates, monetary establishments and governments. The financial institution’s objective is to assist folks and companies prosper in a easy, private and honest manner. Santander is constructing a extra accountable financial institution and has made various commitments to help this goal, together with elevating €220 billion in inexperienced financing between 2019 and 2030, in addition to financially empowering greater than 10 million folks over the identical interval. At the tip of the third quarter of 2022, Banco Santander had €1.2 trillion in complete funds, 159 million clients, of which 27 million are loyal and 50 million are digital, 9,100 branches and 203,000 workers.

Santander Corporate & Investment Banking (Santander CIB) is Santander’s international division that helps company and institutional purchasers, providing tailor-made providers and value-added wholesale merchandise suited to their complexity and class, in addition to to accountable banking requirements that contribute to the progress of society.

Envision Group is an affiliation of world main inexperienced expertise corporations. With the mission of ‘fixing the challenges for a sustainable future’, Envision Group designs, sells and operates good wind generators by means of Envision Energy, Smart batteries by means of Envision AESC and the world’s largest decarbonization working system by means of Envision Digital. It additionally owns Envision Virgin Racing Formula E crew. Envision Group was ranked among the many Top 10 of the 2019 ‘World’s 50 Smartest Companies’ by the MIT Technology Review. Envision leverages international community of R&D and engineering facilities throughout China, United States, Germany, Denmark, Norway, Singapore and Japan, main international inexperienced expertise growth.

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