Scuderia Ferrari announces a new, multi-year agreement with Banco Santander. It's a welcome return, as the Italian team had already partnered with the Spanish bank from 2010 to 2017.

Its logo will feature not only in F1, taking Mission Winnow's place on the back of the cars and on the suits of the drivers and their caps, but will be involved in an all-around project. Santander will sponsor the Ferrari Driver Academy, and the Prancing Horse's GT outings, not only the rumored Hypecar debut that should happen in 2023, but also the Ferrari GTEs that will compete in WEC and will try to defend their titles at the 2022 edition of Le Mans.

Banco Santander, the world’s leading bank in renewable energy finance and carbon neutral themselves since 2020, will also help Ferrari in their transition to carbon neutrality, which is supposed to be reached by 2030. An ambitious goal for the Italian team, which was awarded the three-star environmental accreditation by the FIA in this year.

Back together again! 🤝

We are pleased to announce that, as from next season, @bancosantander will be back with us as a team Premium Partner. We can’t wait! https://t.co/wmou3eeVn6#essereFerrari 🔴 pic.twitter.com/ea2iHRHm2F

— Scuderia Ferrari (@ScuderiaFerrari) December 21, 2021

Ferrari's Chairman John Elkann commented on the announcement, highlighting the importance of the assistance that will be provided by Santander with their investements branch that specialises in advising companies in transitioning to a zero emissions economy:

“It’s an honour to team up again with a global financial institution like Santander, which is committed to responsible banking and has shown leadership in renewable energy finance and ESG advisory services all around the world."

"We look forward partnering with them to deliver our key objective of becoming carbon neutral by 2030. We believe Formula One with its innovations and technological developments will benefit our industry and ultimately society as a whole.”

Ana Botín, Executive Chairman of Banco Santander also gave her view on the importance of a close bond between green economy and the automotive industry:

“We are very excited to work with Ferrari again, and support them in the green transition. Santander is fully committed to tackling climate change, and as Europe’s leading provider of auto finance, we are determined to help the auto industry as it goes green. Our new partnership with Ferrari will accelerate our common progress.”