Project Description

Banco Santander has signed an agreement with Acciona to offset 145,000 tons of CO2 emissions through Climatetrade

At the United Nations Conference on Climate Change (COP25), Banco Santander announced its commitment to be carbon neutral in 2020, offsetting all the emissions generated in its daily activity. In 2020 we were awarded the Banco Santander tender to offset the company’s carbon footprint worldwide.

Banco Santander has signed an agreement with Acciona to offset 145,000 tons of carbon dioxide (CO2) emissions through ClimateTrade, with the Oaxacas wind complex in Mexico.

Thanks to this agreement, ClimateTrade supports Banco Santander’s goal of achieving carbon neutrality by 2020 by offsetting approximately half of its emissions.

Acciona has been one of the pioneers in including its clean energy projects in the ClimateTrade marketplace available to all companies that wish to offset their emissions in a safe and transparent manner.

One of these projects is the Oaxacas wind complex, located on the Isthmus of Tehuantepec, in Mexico, which is an issuer of Reduced Emissions Certificates (CER), which are carbon credits backed by the United Nations (UN) that allow offsetting CO2 emissions with clean development projects, registered in the Clean Development Mechanism (CDM).

The complex consists of three wind farms (306MW) that produce renewable electricity equivalent to the consumption of 700,000 Mexican households. The complex also helps socio-economic development in the region, contributing to the achievement of the Sustainable Development Goals.

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