By 2030, Santander will align its power generation portfolio with the Paris Agreement. As part of this, the group will stop providing financial services to power generation clients with more than 10% of revenues dependent on thermal coal and eliminate all exposure to thermal coal mining worldwide.
The ambition applies to the group’s own operations, which are net zero since 2020, and all client emissions that result from any lending, advisory or investment services provided by Santander.
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