PR98663

MADRID, Nov. 7, 2022 /PRNewswire=KYODO JBN/ --

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. "

Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded

in 1857 and headquartered in Spain. It has a meaningful presence in 10 core

markets in the Europe, North America and South America regions, and is one of

the largest banks in the world by market capitalization. Santander aims to be

the best open financial services platform providing services to individuals,

SMEs, corporates, financial institutions and governments. The bank's purpose is

to help people and businesses prosper in a simple, personal and fair way.

Santander is building a more responsible bank and has made a number of

commitments to support this objective, including raising €220 billion in green

financing between 2019 and 2030, as well as financially empowering more than 10

million people over the same period. At the end of the third quarter of 2022,

Banco Santander had €1.2 trillion in total funds, 159 million customers, of

which 27 million are loyal and 50 million are digital, 9,100 branches and

203,000 employees.

Santander Corporate & Investment Banking (Santander CIB) is Santander's global

division that supports corporate and institutional clients, offering tailored

services and value-added wholesale products suited to their complexity and

sophistication, as well as to responsible banking standards that contribute to

the progress of society.

Envision Group is an affiliation of world leading green technology companies.

With the mission of 'solving the challenges for a sustainable future', Envision

Group designs, sells and operates smart wind turbines through Envision Energy,

Smart batteries through Envision AESC and the world's largest decarbonization

operating system through Envision Digital. It also owns Envision Virgin Racing

Formula E team. Envision Group was ranked among the Top 10 of the 2019 'World's

50 Smartest Companies' by the MIT Technology Review. Envision leverages global

network of R&D and engineering centers across China, United States, Germany,

Denmark, Norway, Singapore and Japan, leading global green technology

development.

SOURCE: Envision Group

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