We see sustainability as fundamental to the needs of tomorrow’s world, and it demands a new way of investing. At Santander Asset Management we are committed to this change, and we see Sustainable and Responsible Investment (SRI) as a source of value for investments. Our strategy reflects our commitment both to contribute to the UN Sustainable Development Goals and to the Paris Climate Agreement’s goals to combat climate change and adapt to its effects.

Santander Asset Management has joined the global Net Zero Asset Managers initiative as part of its commitment to fighting climate change. Operating in 10 countries, it aims to have net zero greenhouse gas emissions by 2050 and is the first Spanish asset manager among the 73 signatories to the initiative. Its decision is consistent with Banco Santander's push for leadership in sustainability. The decision is part of Banco Santander's firm commitment to be a global leader in sustainability, which is also committed to net zero emissions by 2050, supporteing by first decarbonization targets.

Santander Asset Management has a full-time dedicated SRI expert team - responsible for developing and implementing our ESG analysis methodology.  They go beyond industry benchmarks to bring added insight and conviction. Embedding ESG criteria enables our managers to identify crucial elements that determine competitive advantages and flag potential risks, giving them a more complete understanding of the assets analysed and enabling them to make better informed investment decisions.

Santander Asset Management's commitment to SRI has several lines of action:

Highlights

• Santander Asset Management signs UN-supported Principles for Responsible Investment in July 2020. Signing the internationally-recognised Principles for Responsible Investment demonstrates our commitment to responsible investment, and places us at the heart of a global community seeking to build a more sustainable financial system.
  
  
• Santander Asset Management held in 2019 its first SRI conference in Spain and Portugal, and actively participated in COP25, having organised 2 official events in the Green Zone.
  
  
• SAM has over EUR 9.8 billion in SRI assets under management (September 2021).

*Spain (Inveractivo Confianza, Santander Responsabilidad Solidario, the five products of the Santander Sostenible range, Santander Equality Acciones fund), Brazil (Fundo Ethical), Mexico (SAM-ESG), Luxembourg (Latin American Corporate Bond IG ESG) and Portugal (Santander Sustentável Fund).
**Spain (SANTANDER EMPLEADOS PENSIONES, P.P., the five pension funds MI PROYECTO SANTANDER, SANTANDER SOSTENIBLE RENTA FIJA 1-3, PP and SANTANDER SOSTENIBLE RENTA VARIABLE GLOBAL, PP)
***Externally managed SRI products: Santander GO Global Equity ESG (Lux and Chile), Global ESG Reais (Brazil) and SAM-RVG (Mexico)