oday 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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