Banco Santander entered a partnership with Envision Group to promote the reduction of greenhouse gas emissions and aid the global transition to a net-zero economy, according to a press release.
"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 toward a net-zero economy and help people and businesses prosper in a sustainable way,” José Antonio Álvarez, CEO of Santander Group, said.
Under the terms of the agreement, Banco Santander will help Envision Group carry out various strategic projects around the globe, including the development of net-zero industrial parks in Spain, Envision AESC’s battery Gigafactory, renewable generation and storage systems and green hydrogen generation plant, among others.
Banco Santander will also help Envision Digital’s Artificial Intelligence of Things (AIoT) Tech unit develop net-zero technology to help fuel the energy transition and reduce overall financed emissions, “and further improve the energy efficiency of the Santander Group Headquarter, which is already carbon neutral since 2020,” a recent press release explains.
"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 toward a net-zero future. "