A city is small in size but big in initiative. A city that barely reaches 30,000 residents, but which is home to the first fully permanent residential development in the United Kingdom. A community where its 400 homes pamper the planet with rooftop solar panels, where buses run on electricity and where bicycles are the main means of transportation.
That dream and reality is called Elmsbrook and is the first eco-city to be built in the United Kingdom, specifically, on the outskirts of the municipality of Bicester, 18 kilometers northeast of Oxford. The project, which has managed to achieve net zero emissions, thus becomes a mirror in which the world should see itself. And Banco Santander already does.
In its commitment to the fight against climate change and sustainable mobility, the entity has found an inspiration in the example it seeks to move into the Formula 1 arena through its return to the sport as Ferrari’s official sponsor, which has already been accepted. between 2010 and 2017. Because the team’s objective is what Banco Santander has already achieved in 2020, to be carbon neutral in 2030. Together, they form a team ready to contribute to F1’s ambition to reach net zero emissions in 2030 and help make the automotive transition. Industry in general forward to bring about real and positive change.
“We are very excited to work with Ferrari again and support them in their green transition. Santander is committed to the fight against climate change and as the leading car finance company in Europe, we are committed to making the car industry sustainable.” I want to help. This alliance with Ferrari will accelerate the growth of both companies in this area”, in the words of Ana Botín, president of Banco Santander.
“We are very excited to be working with Ferrari again and supporting them in their green transition”
technology that advances
For 70 years, F1 and team investments have served as a test bed for technological advancements, from aspects of aerodynamics to brake design, that have enabled the car industry to combat carbon emissions. Thus, for example, since 2014, the fuel efficiency of F1 cars has improved by 50%. The year 2026 will coincide with the introduction of the new Formula 1 engine (2nd generation hybrid power unit), which will be carbon emission neutral and carry advanced sustainable fuels.
Banco Santander wants to contribute to this final achievement, which with its sponsorship will bring even closer the possibility of the new carbon-neutral engine being present in all circuits where the Grand Prix is held. It will also continue to work to make F1 cars 30% more efficient in terms of fuel consumption. In order to achieve these and other objectives, the unit has provided comprehensive solutions for the Ferrari team to develop technological advances and contribute to sustainability. region. And that is, change can be achieved only with research and innovation.
a benefit to society
“It is an honor to have a global financial leader like Banco Santander as a partner, who also stands out for its responsible banking, its world leadership in financing renewable energy and advice on ESG projects. Achieving carbon neutrality by 2030. We thank you for your support in achieving our primary goal of. In F1 great innovations and technological advancements are transferred to the industry as a whole, which benefits society as a whole,” said Ferrari President John Elkan said.
Working in close collaboration with F1 owner Formula One Management (FOM) and Ferrari, the entity embraces the opportunity to promote the change towards a sustainable model, which helps reduce CO2 emissions. Because the actors involved in this transformation can innovate together to find more new technologies that contribute to reducing people’s daily lives, the sooner the goal of zero emissions will be achieved. A challenge that concerns all of us to care for the planet.
Actors involved in change innovate together to find new technologies that help decarbonize people’s daily lives
Banco Santander has closed the first half of 2022 as the world leader in the financing of renewable energy projects, with a total funded amount of more than 2,400 million euros, and its investment banking business (Santander CIB) providing large clients with their green space. There are teams specializing in providing advice in color. infection. The entity has also been carbon neutral in its activity since 2020 and has a commitment to reach zero net emissions by 2050 for all emissions of its customers, derived from any financing, advisory or investment services it provides. In addition, Car Financing Bank’s businesses in Europe (Santender Consumer Finance), the United States (Santander Consumer USA) and other markets are supporting the development of sustainable mobility solutions.