Company Directory - Banco Santander, S.A.
Company Details - Banco Santander, S.A.
Banco Santander, S.A.
WebsiteBoadilla del Monte, Spain
ISIN: ES0113900J37
Banco Santander, S.A. is a Spanish multinational financial services company offering a wide range of banking products and services, including retail banking, corporate banking, asset management, and insurance. It operates globally with a strong presence in Europe, Latin America, North America, and Asia.
CCI Score
CCI Score: Banco Santander, S.A.
-35.21
0.04%
Latest Event
Record Profits Amid Alleged Labor Exploitation
Banco Santander reported record attributed profits of 12,574 million euros in 2024, while its workers face problematic, opaque labor practices that undermine performance incentives and affect their well-being, as highlighted by labor organizations.
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TOADIE
Banco Santander, S.A. is currently rated as a Toadie.
Latest Events
- FEB062025
Banco Santander reported record attributed profits of 12,574 million euros in 2024, while its workers face problematic, opaque labor practices that undermine performance incentives and affect their well-being, as highlighted by labor organizations.
-70
Labor Relations and Human Rights Practices
March 29
The article details how Banco Santander’s impressive profit figures were achieved at the expense of its labor force. Workers face a punitive and opaque system with unjust penalizations and unclear performance metrics, leading to detrimental impacts on their health and job satisfaction. This situation reflects poor adherence to labor rights and contributes to an exploitative business practice.
Banco Santander, récord de beneficios a costa las condiciones laborales de sus trabajadores
- JAN012024
The OpenSecrets profile on Banco Santander details its annual lobbying expenditures since 1998 and mentions bills lobbied in 2024, highlighting its ongoing engagement in political influence activities.
-30
Political Contributions and Lobbying Efforts
March 29
The detailed lobbying profile provided by OpenSecrets illustrates Banco Santander's sustained efforts to influence policy through lobbying. Although the transparency of data is beneficial, the very act of engaging extensively in lobbying raises concerns about corporate influence over democratic processes, which can favor business interests over those of marginalized communities.
- DEC312023
Banco Santander spent $680,000 on lobbying activities during the 2023 cycle, according to OpenSecrets, demonstrating significant political influence that raises concerns about corporate efforts to shape policy in its favor.
-40
Political Contributions and Lobbying Efforts
March 29
The company's reported $680,000 spent on lobbying activities in 2023 evidences a strong engagement in political influence. From an anti-fascist perspective, such significant lobbying expenditures suggest an effort to secure favorable policies that may undermine democratic accountability and worker interests, thereby aligning with corporate practices that can contribute to authoritarian influence.
- JAN012023
Banco Santander, S.A. spent $680,000 on lobbying activities during 2023, according to OpenSecrets. This expenditure indicates the company's active involvement in influencing federal policy, a practice viewed critically in light of concerns over corporate intervention in democratic processes.
-40
Political Contributions and Lobbying Efforts
March 29
The reported $680,000 lobbying expenditure by Banco Santander in 2023 suggests a deliberate effort to sway policy outcomes in favor of corporate interests. From an anti-authoritarian perspective, this use of corporate resources to potentially influence democratic processes is concerning as it may undermine accountability and foster conditions conducive to oligarchic control.
- DEC012020
In December 2020, Banco Santander helped raise R$480m through a green CRA intended for projects aimed at reducing greenhouse gas emissions. However, investigations have revealed that the financing was partly linked to agribusiness operations in Brazil that are associated with deforestation, land grabbing, and allegations of slave labour, raising significant concerns over ethical financing and greenwashing.
-50
Labor Relations and Human Rights Practices
March 29
Banco Santander's financing of a green CRA has been tied to agribusiness practices that contribute to deforestation and alleged slave labour in Brazil. This involvement undermines labor rights and highlights significant ethical concerns in their business practices.
-50
Supply Chain Ethics
March 29
The financing mechanism, branded as 'green', has enabled projects that indirectly support unsustainable supply chain practices, including extensive deforestation and land grabbing in Brazil. This calls into question the ethical due diligence in Santander’s investment and financing strategies.
- OCT202017
A former branch manager filed a class-action lawsuit in New Jersey alleging that Banco Santander, S.A. refused to pay overtime and ignored complaints of sexual harassment, with claims that the bank also retaliated by reducing bonuses. The bank denies the allegations, stating it takes employee rights seriously.
-70
Labor Relations and Human Rights Practices
March 29
The lawsuit alleges persistent labor violations including unpaid overtime, sexual harassment, and retaliation. These claims indicate a disregard for workers' rights and fair labor practices, aligning negatively with ethical labor standards. Although the bank denies these allegations, the nature of the claims and the failure to address them appropriately reflect negatively on its business practices.
- APR062016
An article reports that a union representing bank workers claims that Banco Santander SA is planning to eliminate 1,200 jobs and close over 400 branches as part of a restructuring plan that includes early retirement offers for half the workforce. This action raises concerns regarding worker rights and fair labor practices.
-50
Labor Relations and Human Rights Practices
March 29
The reported restructuring plan, involving massive layoffs and branch closures, undermines worker security and fair labor practices. Such actions are indicative of business practices that prioritize cost-cutting over employee welfare, a stance that negatively impacts labor rights and aligns with authoritarian economic strategies.
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Industries
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- Investment Banking and Securities Dealing
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- Savings Institutions