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Banco Santander: Workforce Diversity and Inclusion in 2021

  • In 2021, Banco Santander reported 54% women participation in its workforce, an increase of 0.3 percentage points over 2020
  • In 2021, representation of women in Banco Santander at the senior management level was 26.3%, an increase of 2.6 percentage points over 2020
  • Due to labour mobility worldwide, the gender gap in organisations has narrowed over the past three decades

A diverse, equitable, and inclusive (DEI) organisation brings unique perspectives and ideas that make the enterprise more innovative, productive, and resilient. In addition, it promotes equality of opportunity and treatment at all levels of the employment relationship, including recruitment, retention, promotion, remuneration, and training.

Due to labour mobility worldwide, the gender gap in organisations has narrowed over the past three decades. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.

Banks report diversity and inclusivity to ensure a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.

Banco Santander SA (Banco Santander) is a provider of retail and commercial banking, wealth management, and related financial solutions. In 2021, Banco Santander reported 54% women participation in its workforce, an increase of 0.3 percentage points over 2020. During the same year, the representation of women in Banco Santander at the senior management level was 26.3%, an increase of 2.6 percentage points over 2020.

By 2025, Banco Santander aims to have 30% of women in senior positions.

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