Banco Santander S A : PagoNxt through Getnet, advances in several initiatives to reduce carbon emissions
October 19, 2021 at 12:32 pm
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Inspired by the UN Sustainable Development Goals, the company has been investing and implementing corporate policies and practices that contribute to its ESG (Environmental, Social and Corporate Governance) agenda. "Since 2016, we have worked to evolve in the consolidation of practices and policies that lead us to have a more sustainable operation that positively impacts society, contributing to the prosperity of people and businesses. Thus, our performance is not isolated, but integrated to the essence of our business strategy", explains Luciano Ferrari, Getnet's Brazil IR & ESG vice-president.
The company started to apply concepts of circular economy to improve the profitability of the operation and asset management of their POS machines, or as they called it in Brazil "maquininhas". In Getnet's Brazil portfolio, the SuperGet model with coil is already developed with less pollutant materials. Furthermore, a project for the delivery of machines using only electric motorbikes is in a pilot phase, and it is estimated that with this action the company will be able to reduce over 30 tons of greenhouse gas emissions per year.
The company understands that it is necessary to involve the entire production and supply chain in an agenda in favour of sustainability. "If we want to effectively contribute to a low carbon economy, the involvement of our stakeholders is fundamental. Our suppliers and partners play a fundamental role so that this theme gains strength and companies become protagonists in this movement", says Ferrari.
One of the actions is the Sustainable Supply Chain, which follows ESG criteria for contracting suppliers and evaluates them according to their commitment to sustainability, LGPD (General Data Protection Law), operational risk, compliance, information security and supplies. Today, for example, the most strategic partners develop social projects with local communities and are encouraged to implement internal actions and engage employees in Diversity and ESG topics.
Getnet, a PagoNxt company, is a global acquiring franchise developed to create opportunities for merchants worldwide. It improves the simplicity, speed and safety of payments for merchants across gateway, risk management, processing, schemes connectivity and issuers services.
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Banco Santander SA published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 11:31:03 UTC.
Banco Santander, S.A. is Spain's largest banking group. The activity is organized into three sectors:
- commercial banking: retail banking activities and specialized financial services (consumer loans, mortgages, etc.);
- investment, financial and market banking: classic and specialized financing (financing acquisitions, projects, etc.), financial engineering (consulting on mergers and acquisitions, stock transactions, etc.), intervention in the stock, rate and exchange markets, etc.;
- asset management and private banking. The group also develops bank insurance activities through Santander Seguros and Banesto Seguros.
At the end of 2023, the group managed EUR 1,047.2 billion in current deposits and EUR 1,036.3 billion in current credits.
The products and services are marketed via a network of 8,518 branches worldwide.