Can you discuss your or your company’s efforts relating to renewability, sustainability, or other environmentally friendly activities?   
 
Sustainability for banks, such as Santander, implies firstly a commitment to becoming allies of society, contributing to the sustainable development agenda, and facing the world’s most pressing challenges, such as climate change, diversity, equality, and inclusion, biodiversity loss, and the respect for human rights, among others.  
 
Secondly, we transform ourselves to integrate environmental and social considerations not only into our operations but also within the financial products and services we offer to clients. We provide products to individuals to incentivise sustainable practices, such as loans for electric vehicles, solar panels for residential and SME business use, and a green mortgage to promote environmental efficiencies in Mexico’s housing sector. Additionally, we offer Green and Sustainability Linked-Loans, as well as Green/Social and Sustainable Bonds for businesses and corporations. We accompany our clients in their transition to sustainable business models through guidance and a comprehensive sustainable financial product offering.  
 
The third point involves our commitment to achieving Net Zero in our investment and financial portfolios by 2050. A credible and ambitious transition plan is under development with short-term targets and a transparent approach to tracking our progress. A transition plan involves measuring the environmental footprint of our investment and credit portfolio, which represents our Scope 3 emissions and is now part of the climate and ESG disclosure regulations in the European Union. This process is configured through collaboration among the Sustainability, Business, and Risks teams. We define climate sectors – those with significant CO2 emissions in their operations and supply chains – and publicly set targets to decarbonise our portfolio within these sectors. The implementation of this strategy is carried out through engagement with our clients through dialogue and conversations about their climate and sustainability strategies.  
 
Sustainability within banks is embedded throughout the institution through an established Governance structure that defines the responsibility of each area. Governance is key, and the legal and compliance teams play a crucial role in monitoring legal compliance, which is currently under development in Mexico. They are also responsible for constructing Corporate Governance Committees, Policies, and Norms to efficiently achieve the sustainability goals of the bank.  
 
Banks can have a profound impact on the global strategy towards climate change mitigation by allocating capital and redirecting financial flows towards sustainable activities while divesting from non-sustainable activities that are not aligned with the 2030 Agenda and the goals of the Paris Agreement Climate goals.